OMERS ADMINISTRATION Corp Takes $442,000 Position in Block, Inc. $XYZ

OMERS ADMINISTRATION Corp purchased a new stake in shares of Block, Inc. (NYSE:XYZ) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,600 shares of the technology company’s stock, valued at approximately $442,000.

Several other institutional investors and hedge funds also recently bought and sold shares of XYZ. Elevation Wealth Partners LLC raised its holdings in Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after acquiring an additional 292 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of Block during the first quarter worth $31,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Block by 57.6% in the fourth 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. Darwin Wealth Management LLC bought a new position in shares of Block in the second quarter worth $43,000. Finally, Osbon Capital Management LLC purchased a new position in shares of Block in the fourth quarter valued at $43,000. 70.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Brian Grassadonia sold 8,173 shares of Block stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $82.42, for a total transaction of $673,618.66. Following the completion of the sale, the insider owned 513,981 shares in the company, valued at approximately $42,362,314.02. This trade represents a 1.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $82.00, for a total value of $492,000.00. Following the transaction, the director directly owned 1,476,672 shares of the company’s stock, valued at $121,087,104. The trade was a 0.40% 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 quarter, insiders sold 501,756 shares of company stock worth $39,582,259. 11.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on XYZ shares. Oppenheimer reiterated an “outperform” rating and set a $97.00 price objective on shares of Block in a research note on Thursday, August 6th. KeyCorp raised their target price on Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Block in a report on Wednesday, August 5th. Canaccord Genuity Group upped their price target on Block from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Piper Sandler increased their price target on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.84.

Block Trading Up 2.2%

Block stock opened at $84.89 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.92. The stock has a market cap of $51.00 billion, a P/E ratio of 151.59, a PEG ratio of 0.93 and a beta of 2.53. The firm’s fifty day moving average price is $79.46 and its 200-day moving average price is $69.99.

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