Strs Ohio Has $3.57 Million Position in Block, Inc. $XYZ

Strs Ohio cut its position in shares of Block, Inc. (NYSE:XYZ) by 74.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,393 shares of the technology company’s stock after selling 171,119 shares during the quarter. Strs Ohio’s holdings in Block were worth $3,574,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors grew its stake in shares of Block by 41.8% during the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after acquiring an additional 4,727,217 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Block by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after purchasing an additional 67,560 shares in the last quarter. Sands Capital Management LLC boosted its holdings in Block by 12.2% during the third quarter. Sands Capital Management LLC now owns 11,603,057 shares of the technology company’s stock worth $838,553,000 after purchasing an additional 1,262,317 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Block during the second quarter worth $535,305,000. Finally, Norges Bank bought a new position in Block in the fourth quarter valued at $484,387,000. Institutional investors own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XYZ. Truist Financial lifted their price target on shares of Block from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. BTIG Research restated a “buy” rating and issued a $90.00 price objective on shares of Block in a report on Friday, May 8th. BMO Capital Markets began coverage on Block in a research report on Tuesday, June 30th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded Block to a “buy” rating in a report on Tuesday, June 30th. Finally, Citigroup cut Block from a “buy” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.56.

Block Stock Performance

Shares of Block stock traded down $1.02 during trading on Tuesday, hitting $77.90. 550,882 shares of the stock were exchanged, compared to its average volume of 7,111,175. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $72.34 and a 200-day moving average price of $65.77. The stock has a market capitalization of $46.37 billion, a price-to-earnings ratio of 60.98, a price-to-earnings-growth ratio of 1.00 and a beta of 2.54. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $82.50.

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

Insider Buying and Selling at Block

In related news, insider Brian Grassadonia sold 8,166 shares of Block stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $68.01, for a total transaction of $555,369.66. Following the completion of the sale, the insider owned 601,002 shares of the company’s stock, valued at approximately $40,874,146.02. The trade was a 1.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 135,750 shares of the company’s 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 in the company, valued at approximately $156,153,961.90. This trade represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 289,871 shares of company stock worth $21,942,701 over the last ninety days. Insiders own 11.37% of the company’s stock.

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.