Healthcare of Ontario Pension Plan Trust Fund Has $2.07 Million Stock Holdings in Block, Inc. $XYZ

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Block, Inc. (NYSE:XYZ) by 58.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,411 shares of the technology company’s stock after purchasing an additional 12,761 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Block were worth $2,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XYZ. Baird Financial Group Inc. acquired a new stake in shares of Block during the second quarter worth $1,866,000. Brown Advisory Inc. bought a new stake in shares of Block during the second quarter valued at approximately $516,000. Jump Financial LLC acquired a new position in Block during the second quarter worth $385,000. Federated Hermes Inc. acquired a new stake in shares of Block in the 2nd quarter worth about $53,000. Finally, Cerity Partners LLC purchased a new stake in shares of Block in the second quarter worth approximately $1,861,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analysts Set New Price Targets

XYZ has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their price target on shares of Block from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, May 18th. BMO Capital Markets upped their price target on Block from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group initiated coverage on shares of Block in a report on Tuesday, June 30th. They issued a “hold” rating for the company. Wall Street Zen raised Block from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Block to a “buy” rating in a research report on Tuesday, June 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $89.84.

Block Stock Down 1.7%

Shares of NYSE XYZ opened at $81.22 on Friday. The stock has a market capitalization of $48.34 billion, a P/E ratio of 63.45, a PEG ratio of 1.04 and a beta of 2.54. The firm’s 50 day simple moving average is $75.70 and its two-hundred day simple moving average is $67.50. 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 current ratio of 1.99 and a quick ratio of 1.99.

Block (NYSE:XYZ) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.55. The business had revenue of $6.06 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. 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, analysts expect that Block, Inc. will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Brian Grassadonia sold 43,348 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the completion of the sale, the insider directly owned 557,654 shares in the company, valued at $44,612,320. This represents a 7.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 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 transaction, the director directly owned 2,032,990 shares of the company’s stock, valued at approximately $156,153,961.90. This trade represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 347,300 shares of company stock valued at $26,657,536 over the last three months. 11.37% of the stock is owned by company insiders.

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.