DB Fitzpatrick & Co Inc Increases Stake in Block, Inc. $XYZ

DB Fitzpatrick & Co Inc increased its stake in Block, Inc. (NYSE:XYZ) by 39.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,825 shares of the technology company’s stock after acquiring an additional 7,274 shares during the period. Block makes up 1.3% of DB Fitzpatrick & Co Inc’s investment portfolio, making the stock its 19th largest position. DB Fitzpatrick & Co Inc’s holdings in Block were worth $1,554,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Sound Income Strategies LLC raised its stake in Block by 57.1% during the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after purchasing an additional 161 shares during the period. Rachor Investment Advisory Services LLC purchased a new stake in shares of Block during the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC increased its holdings in shares of Block by 59.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the technology company’s stock worth $38,000 after buying an additional 196 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after buying an additional 223 shares during the last quarter. Finally, Osbon Capital Management LLC purchased a new position in shares of Block in the 4th quarter worth $43,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

Block Trading Up 2.1%

NYSE:XYZ opened at $78.71 on Friday. The business’s 50-day moving average is $72.04 and its two-hundred day moving average is $65.56. The firm has a market capitalization of $46.85 billion, a PE ratio of 61.50, a price-to-earnings-growth ratio of 0.98 and a beta of 2.54. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $82.50. 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 issued its 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. Block had a return on equity of 7.02% and a net margin of 3.30%.The company had revenue of $6.06 billion during the quarter. During the same period in the previous year, the company earned $0.56 EPS. Block’s quarterly revenue was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Research analysts predict that Block, Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Amrita Ahuja sold 30,919 shares of Block stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the sale, the chief financial officer directly owned 500,816 shares of the company’s stock, valued at approximately $37,561,200. The trade was a 5.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 8,166 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $68.01, for a total value of $555,369.66. Following the completion of the transaction, the insider owned 601,002 shares in the company, valued at approximately $40,874,146.02. This trade represents a 1.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 291,773 shares of company stock valued at $22,057,296. Corporate insiders own 11.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on XYZ shares. BTIG Research reissued a “buy” rating and set a $90.00 price target on shares of Block in a research report on Friday, May 8th. Robert W. Baird lifted their price objective on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday. Rosenblatt Securities set a $100.00 target price on Block in a report on Tuesday. Craig Hallum began coverage on shares of Block in a research report on Tuesday. They set a “buy” rating for the company. Finally, 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 report on Monday, May 18th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.56.

About Block

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.