Block, Inc. $XYZ Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in Block, Inc. (NYSE:XYZ) by 87.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,081,734 shares of the technology company’s stock after acquiring an additional 503,832 shares during the period. Quantinno Capital Management LP’s holdings in Block were worth $65,099,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XYZ. SummitTX Capital L.P. purchased a new stake in Block in the first quarter valued at $1,913,000. Ardmore Road Asset Management LP grew its holdings in shares of Block by 57.1% during the first quarter. Ardmore Road Asset Management LP now owns 246,000 shares of the technology company’s stock worth $14,804,000 after purchasing an additional 89,454 shares during the last quarter. Delta Global Management LP purchased a new position in shares of Block during the first quarter worth about $4,860,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Block by 58.9% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 34,411 shares of the technology company’s stock worth $2,071,000 after purchasing an additional 12,761 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Block by 3.2% during the first quarter. Public Employees Retirement System of Ohio now owns 261,462 shares of the technology company’s stock worth $15,735,000 after purchasing an additional 8,141 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Block Price Performance

Shares of NYSE:XYZ opened at $82.98 on Wednesday. The company has a 50-day simple moving average of $74.93 and a 200-day simple moving average of $67.22. Block, Inc. has a one year low of $48.21 and a one year high of $84.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a market capitalization of $49.39 billion, a price-to-earnings ratio of 64.83, a PEG ratio of 1.02 and a beta of 2.54.

Block (NYSE:XYZ) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The firm had revenue of $6.06 billion for the quarter. During the same period in the prior year, the business earned $0.56 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, analysts predict that Block, Inc. will post 2.48 EPS for the current year.

Insider Transactions at Block

In other Block news, CFO Amrita Ahuja sold 8,093 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $75.00, for a total value of $606,975.00. Following the completion of the transaction, the chief financial officer owned 463,246 shares in the company, valued at approximately $34,743,450. This represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 135,750 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the completion of the transaction, the director owned 2,032,990 shares of the company’s stock, valued at $156,153,961.90. This represents a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 335,300 shares of company stock valued at $25,690,936. Corporate insiders own 11.37% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on XYZ. Weiss Ratings raised Block from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Morgan Stanley raised their price target on Block from $96.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Rosenblatt Securities set a $100.00 price target on Block in a research report on Tuesday, June 30th. BMO Capital Markets boosted their price objective on Block from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Finally, Needham & Company LLC increased their price objective on Block from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 8th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.84.

Block Company Profile

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.