QRG Capital Management Inc. Buys 9,532 Shares of Block, Inc. $XYZ

QRG Capital Management Inc. raised its stake in shares of Block, Inc. (NYSE:XYZ) by 9.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,271 shares of the technology company’s stock after buying an additional 9,532 shares during the quarter. QRG Capital Management Inc.’s holdings in Block were worth $6,456,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its position in Block by 57.1% during the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after purchasing an additional 161 shares during the period. Rachor Investment Advisory Services LLC bought a new stake in Block in the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew its position in Block by 59.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the technology company’s stock worth $38,000 after purchasing an additional 196 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after buying an additional 223 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in Block during the 2nd quarter valued at $43,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on XYZ. Piper Sandler upgraded Block from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $58.00 to $100.00 in a research note on Monday, June 29th. Zacks Research upgraded Block from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Citigroup downgraded Block from a “buy” rating to an “underperform” rating in a report on Tuesday, June 30th. Rothschild & Co Redburn raised Block from a “sell” rating to a “neutral” rating and raised their target price for the stock from $45.00 to $55.00 in a research report on Wednesday, March 18th. Finally, Jefferies Financial Group initiated coverage on Block in a research report on Tuesday, June 30th. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.56.

Insider Activity at Block

In related news, CFO Amrita Ahuja sold 8,093 shares of the stock in a transaction dated Tuesday, June 16th. The shares were 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 of the company’s stock, valued at approximately $34,743,450. This trade represents a 1.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 36,000 shares of Block stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $79.83, for a total value of $2,873,880.00. Following the completion of the transaction, the director owned 1,874,672 shares of the company’s stock, valued at approximately $149,655,065.76. This trade represents a 1.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 Trading Down 0.1%

Shares of XYZ opened at $78.71 on Monday. 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, Inc. has a 1 year low of $48.21 and a 1 year high of $82.50. The company has a 50 day simple moving average of $72.16 and a two-hundred day simple moving average of $65.66. The firm has a market cap of $46.85 billion, a P/E ratio of 61.50, a price-to-earnings-growth ratio of 1.00 and a beta of 2.54.

Block (NYSE:XYZ) last posted its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. The company 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 firm posted $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. On average, equities analysts expect that Block, Inc. will post 2.48 earnings per share for the current fiscal year.

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.