Hyperion Asset Management Ltd Acquires 492,755 Shares of Block, Inc. $XYZ

Hyperion Asset Management Ltd increased its holdings in shares of Block, Inc. (NYSE:XYZ) by 22.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,652,520 shares of the technology company’s stock after acquiring an additional 492,755 shares during the period. Block makes up approximately 4.8% of Hyperion Asset Management Ltd’s portfolio, making the stock its 10th biggest holding. Hyperion Asset Management Ltd’s holdings in Block were worth $172,653,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XYZ. Baird Financial Group Inc. acquired a new position in Block during the second quarter worth $1,866,000. Brown Advisory Inc. acquired a new stake in Block in the second quarter valued at $516,000. Jump Financial LLC acquired a new stake in Block in the second quarter valued at $385,000. Federated Hermes Inc. acquired a new stake in Block in the second quarter valued at $53,000. Finally, Cerity Partners LLC acquired a new stake in Block in the second quarter valued at $1,861,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on XYZ shares. Weiss Ratings raised Block from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Piper Sandler upped their target price on Block from $51.00 to $58.00 and gave the company an “underweight” rating in a report on Friday, May 8th. BTIG Research reissued a “buy” rating and issued a $90.00 target price on shares of Block in a report on Friday, May 8th. Keefe, Bruyette & Woods upped their target price on Block from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Citigroup upped their target price on Block from $85.00 to $100.00 and gave the company a “buy” rating in a report on Friday, May 8th. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Block presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.42.

Insiders Place Their Bets

In other Block news, CFO Amrita Ahuja sold 30,919 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 500,816 shares in the company, valued at $37,561,200. This trade represents a 5.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $72.26, for a total value of $433,560.00. Following the sale, the director owned 1,972,990 shares of the company’s stock, valued at approximately $142,568,257.40. This trade represents a 0.30% 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. Insiders have sold 211,680 shares of company stock worth $15,861,321 in the last quarter. Company insiders own 11.37% of the company’s stock.

Block Stock Performance

NYSE XYZ opened at $72.82 on Thursday. The business’s 50-day moving average price is $70.03 and its 200 day moving average price is $64.56. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $82.50. The company has a market capitalization of $43.34 billion, a PE ratio of 56.89, a price-to-earnings-growth ratio of 0.97 and a beta of 2.56. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. The company had revenue of $6.06 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, research analysts predict that Block, Inc. will post 2.42 earnings per share for the current year.

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.