TCM Advisors LLC Takes $590,000 Position in Block, Inc. $XYZ

TCM Advisors LLC purchased a new stake in shares of Block, Inc. (NYSE:XYZ) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 15,500 shares of the technology company’s stock, valued at approximately $590,000.

Several other hedge funds and other institutional investors also recently modified their holdings of XYZ. Elevation Wealth Partners LLC lifted its holdings in Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after buying an additional 292 shares during the period. Rachor Investment Advisory Services LLC purchased a new position in shares of Block during the 4th quarter worth approximately $32,000. Global Assets Advisory LLC purchased a new position in shares of Block during the 1st quarter worth approximately $31,000. Cary Street Partners Investment Advisory LLC grew 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 acquiring an additional 223 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in shares of Block in the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Susquehanna raised their target price on Block from $90.00 to $100.00 and gave the company a “positive” rating in a research note on Thursday, August 6th. Weiss Ratings raised Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Royal Bank Of Canada increased their price objective on Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. William Blair downgraded Block to a “market perform” rating in a report on Tuesday, June 30th. Finally, Truist Financial raised their price objective on Block from $82.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.23.

Insider Transactions at Block

In related news, Director Anthony Mathew Eisen sold 135,750 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $76.81, for a total value of $10,426,957.50. Following the completion of the transaction, the director directly owned 2,032,990 shares in the company, valued at $156,153,961.90. The trade was a 6.26% 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, CFO Amrita Ahuja sold 8,971 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $85.85, for a total transaction of $770,160.35. Following the completion of the transaction, the chief financial officer owned 454,275 shares of the company’s stock, valued at approximately $38,999,508.75. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 461,070 shares of company stock worth $36,261,272. Corporate insiders own 11.37% of the company’s stock.

Block Price Performance

XYZ opened at $82.15 on Monday. The firm has a market cap of $49.36 billion, a PE ratio of 146.70, a P/E/G ratio of 0.92 and a beta of 2.53. The stock has a 50-day moving average price of $78.74 and a 200-day moving average price of $69.23. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21.

Block (NYSE:XYZ) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Sell-side analysts predict that Block, Inc. will post 2.69 earnings per share for the current fiscal year.

Block 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.