Compass Financial Management LLC Buys New Shares in Block, Inc. $XYZ

Compass Financial Management LLC bought a new position in shares of Block, Inc. (NYSE:XYZ) in the 2nd quarter, Holdings Channel.com reports. The fund bought 9,381 shares of the technology company’s stock, valued at approximately $357,000.

Several other large investors also recently bought and sold shares of XYZ. EverSource Wealth Advisors LLC raised its position in Block by 33.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after purchasing an additional 179 shares in the last quarter. Merit Financial Group LLC grew its position in shares of Block by 3.7% during the fourth quarter. Merit Financial Group LLC now owns 5,270 shares of the technology company’s stock worth $343,000 after buying an additional 188 shares in the last quarter. Avior Wealth Management LLC increased its stake in shares of Block by 3.3% during the second quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock worth $462,000 after buying an additional 193 shares during the period. Carson Advisory Inc. increased its stake in shares of Block by 2.6% during the first quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock worth $484,000 after buying an additional 200 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in Block by 33.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company’s stock valued at $58,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on XYZ shares. Craig Hallum began coverage on shares of Block in a report on Tuesday, June 30th. They set a “buy” rating for the company. Argus raised their price objective on shares of Block from $86.00 to $103.00 and gave the company a “buy” rating in a report on Friday, August 7th. Zacks Research cut shares of Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. William Blair cut shares of Block to a “market perform” rating in a research report on Tuesday, June 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $95.00 target price on shares of Block in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Block currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.23.

Block Stock Down 1.0%

Shares of NYSE XYZ opened at $81.38 on Tuesday. The stock has a market cap of $48.89 billion, a PE ratio of 145.31, a price-to-earnings-growth ratio of 0.92 and a beta of 2.53. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.75. The business has a 50-day moving average price of $78.89 and a 200 day moving average price of $69.40. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The company had revenue of $6.62 billion during the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.Block’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. 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 year.

Insider Buying and Selling at Block

In related news, CFO Amrita Ahuja sold 9,511 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $82.43, for a total value of $783,991.73. Following the transaction, the chief financial officer owned 423,262 shares in the company, valued at $34,889,486.66. The trade was a 2.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 8,173 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $82.42, for a total value of $673,618.66. Following the sale, the insider directly owned 513,981 shares of the company’s stock, valued at approximately $42,362,314.02. This represents a 1.57% 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. Insiders have sold 495,756 shares of company stock worth $39,090,259 in the last 90 days. Company insiders own 11.37% of the company’s stock.

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.