Block, Inc. (NYSE:XYZ) CAO Sells $27,240.00 in Stock

Block, Inc. (NYSE:XYZ) CAO Ajmere Dale sold 500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $54.48, for a total transaction of $27,240.00. Following the sale, the chief accounting officer now directly owns 81,999 shares in the company, valued at approximately $4,467,305.52. This represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ajmere Dale also recently made the following trade(s):

• On Friday, February 21st, Ajmere Dale sold 1,467 shares of Block stock. The stock was sold at an average price of $70.32, for a total transaction of $103,159.44.

Block Stock Performance

Shares of Block stock opened at $50.17 on Friday. Block, Inc. has a 52-week low of $47.69 and a 52-week high of $99.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07. The company has a 50 day moving average price of $69.53. The firm has a market cap of $31.08 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.72 and a beta of 2.77.

Block (NYSE:XYZ) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.23 billion. Block had a return on equity of 5.80% and a net margin of 11.92%. As a group, equities research analysts predict that Block, Inc. will post 2.54 EPS for the current year.

Hedge Funds Weigh In On Block

Several hedge funds have recently modified their holdings of the stock. Key Client Fiduciary Advisors LLC boosted its position in Block by 1.4% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 8,340 shares of the technology company’s stock valued at $709,000 after purchasing an additional 115 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Block by 48.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 418 shares of the technology company’s stock worth $36,000 after purchasing an additional 136 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Block by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,864 shares of the technology company’s stock valued at $2,283,000 after buying an additional 145 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of Block by 18.3% in the fourth quarter. Rosenberg Matthew Hamilton now owns 982 shares of the technology company’s stock valued at $83,000 after buying an additional 152 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Block by 67.7% during the fourth quarter. Versant Capital Management Inc now owns 394 shares of the technology company’s stock worth $33,000 after buying an additional 159 shares during the last quarter. Institutional investors own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group dropped their price objective on shares of Block from $98.00 to $97.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Block in a research note on Friday, February 21st. Monness Crespi & Hardt upgraded Block from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Friday, December 13th. Barclays cut their target price on shares of Block from $112.00 to $97.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, Morgan Stanley raised shares of Block from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $65.00 to $67.00 in a research note on Thursday. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $94.46.

About Block

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.