Block, Inc. $XYZ Position Trimmed by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its holdings in Block, Inc. (NYSE:XYZ) by 92.4% during the first quarter, Holdings Channel.com reports. The firm owned 42,900 shares of the technology company’s stock after selling 520,357 shares during the period. Pacer Advisors Inc.’s holdings in Block were worth $2,582,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC grew 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 in the last quarter. Global Assets Advisory LLC purchased a new stake in Block in the 1st quarter worth approximately $31,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Block during the 4th quarter valued at $32,000. Cary Street Partners Investment Advisory LLC boosted its stake 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 valued at $40,000 after buying an additional 223 shares during the period. Finally, Osbon Capital Management LLC acquired a new stake in shares of Block during the 4th quarter valued at $43,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Block Trading Up 0.0%

Shares of NYSE:XYZ opened at $79.05 on Friday. The stock has a market capitalization of $47.05 billion, a PE ratio of 141.16, a P/E/G ratio of 0.95 and a beta of 2.53. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.75. The firm has a fifty day moving average price of $76.71 and a 200 day moving average price of $68.03. The company has a current ratio of 2.21, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion for the quarter. During the same period in the previous year, the company earned $0.62 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Analysts expect that Block, Inc. will post 2.61 EPS for the current fiscal year.

Key Block News

Here are the key news stories impacting Block this week:

• Positive Sentiment: Quarterly results exceeded expectations. Block reported second-quarter EPS of $1.02, well above estimates of $0.48–$0.86 and up from $0.62 a year earlier. Revenue increased 9.3% year over year to $6.62 billion, with Cash App and Square contributing to the performance. Block Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised its outlook. Block guided to third-quarter EPS of $1.02 versus the $0.93 consensus and fiscal 2026 EPS of $4.02 versus expectations of $3.62. Management also cited 25% gross-profit growth, record margins and improving momentum from AI-focused products. Block Q2 Earnings Call Highlights
• Positive Sentiment: Analysts became more bullish. Monness Crespi & Hardt raised its price target from $115 to $125 and initiated a “buy” rating. TD Cowen raised its target to $105, while RBC, Keefe, Bruyette & Woods, Susquehanna and Needham also increased targets, generally maintaining positive ratings.
• Positive Sentiment: Options activity suggested increased bullish interest. Investors bought 42,107 call options, approximately 55% above average daily call volume. This indicates heightened speculative interest, though it does not guarantee continued gains.
• Neutral Sentiment: Block’s AI and cost-reduction strategy is gaining investor attention. The company’s workforce reductions and greater emphasis on artificial intelligence appear to be supporting efficiency and profitability, but investors will want evidence that growth remains durable.
• Negative Sentiment: Insiders sold shares. Director Anthony Mathew Eisen sold 47,000 shares for approximately $4.0 million across two transactions, and Brian Grassadonia sold 25,908 shares for about $2.1 million. The sales were executed under pre-arranged Rule 10b5-1 plans, reducing their significance, but repeated insider selling may weigh on sentiment.
• Negative Sentiment: Valuation leaves limited room for disappointment. With Block trading near its 52-week high and at an elevated earnings multiple, the stock may remain sensitive to any slowdown in Cash App, Square or AI-related profitability.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Robert W. Baird set a $105.00 price target on shares of Block in a research note on Thursday. Oppenheimer reissued an “outperform” rating and set a $97.00 price objective on shares of Block in a research report on Thursday. UBS Group upped their target price on Block from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods raised their price target on Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Craig Hallum assumed coverage on Block in a report on Tuesday, June 30th. They set a “buy” rating for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.88.

Insider Transactions at Block

In related news, Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $83.07, for a total value of $498,420.00. Following the completion of the sale, the director directly owned 1,560,672 shares in the company, valued at approximately $129,645,023.04. The trade was a 0.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 25,908 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.64, for a total value of $2,115,129.12. Following the sale, the insider directly owned 531,746 shares of the company’s stock, valued at $43,411,743.44. The trade was a 4.65% 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. In the last quarter, insiders sold 441,179 shares of company stock worth $34,543,835. 11.37% of the stock is owned by corporate 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.