25,705 Shares in Block, Inc. $XYZ Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC acquired a new position in shares of Block, Inc. (NYSE:XYZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,705 shares of the technology company’s stock, valued at approximately $1,673,000.

A number of other large investors have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC increased its holdings in Block by 0.6% during the 4th quarter. New York Life Investment Management LLC now owns 75,174 shares of the technology company’s stock worth $4,893,000 after purchasing an additional 460 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Block by 1.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 15,153 shares of the technology company’s stock worth $986,000 after purchasing an additional 214 shares in the last quarter. Navalign LLC bought a new position in Block during the 4th quarter worth about $48,000. AG2R LA Mondiale Gestion D Actifs increased its holdings in Block by 13.3% during the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 26,742 shares of the technology company’s stock worth $1,741,000 after purchasing an additional 3,135 shares in the last quarter. Finally, Nwam LLC increased its holdings in Block by 7.5% during the 4th quarter. Nwam LLC now owns 16,751 shares of the technology company’s stock worth $1,091,000 after purchasing an additional 1,166 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their target price on Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Arete Research upgraded Block from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Needham & Company LLC increased their target price on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Piper Sandler increased their target price on Block from $51.00 to $58.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Finally, Truist Financial increased their target price on Block from $77.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.51.

Block Price Performance

Shares of NYSE XYZ opened at $70.35 on Friday. The stock has a market capitalization of $41.87 billion, a price-to-earnings ratio of 54.96, a PEG ratio of 1.01 and a beta of 2.57. The business has a 50-day moving average of $65.37 and a 200-day moving average of $64.05. 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 fifty-two week low of $48.21 and a fifty-two week high of $82.50.

Block (NYSE:XYZ) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.55. The company had revenue of $6.06 billion during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.Block’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business 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, sell-side analysts predict that Block, Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Brian Grassadonia sold 10,349 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $50.00, for a total value of $517,450.00. Following the completion of the transaction, the insider owned 503,784 shares in the company, valued at $25,189,200. This trade represents a 2.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Owen Britton Jennings sold 3,555 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $63.41, for a total value of $225,422.55. Following the completion of the transaction, the insider owned 231,262 shares of the company’s stock, valued at $14,664,323.42. The trade was a 1.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 49,725 shares of company stock worth $3,401,393 over the last 90 days. 11.37% of the stock is currently owned by insiders.

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.