4,060 Shares in Block, Inc. (NYSE:SQ) Acquired by Greenleaf Trust

Greenleaf Trust purchased a new position in shares of Block, Inc. (NYSE:SQ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,060 shares of the technology company’s stock, valued at approximately $314,000.

Other large investors have also recently made changes to their positions in the company. Clearbridge Investments LLC increased its position in shares of Block by 10.4% during the third quarter. Clearbridge Investments LLC now owns 1,222,600 shares of the technology company’s stock worth $54,112,000 after purchasing an additional 115,132 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in Block by 1.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 261,300 shares of the technology company’s stock valued at $11,565,000 after buying an additional 3,900 shares in the last quarter. IFG Advisory LLC purchased a new stake in Block in the 4th quarter valued at $213,000. Canada Pension Plan Investment Board grew its holdings in Block by 16.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,373,857 shares of the technology company’s stock valued at $60,807,000 after buying an additional 190,400 shares in the last quarter. Finally, CenterBook Partners LP purchased a new stake in Block in the 3rd quarter valued at $359,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Block

In other Block news, insider Brian Grassadonia sold 127,800 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $65.45, for a total value of $8,364,510.00. Following the sale, the insider now owns 405,224 shares of the company’s stock, valued at approximately $26,521,910.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Brian Grassadonia sold 127,800 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $65.45, for a total value of $8,364,510.00. Following the transaction, the insider now owns 405,224 shares in the company, valued at approximately $26,521,910.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Amrita Ahuja sold 4,170 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $78.84, for a total value of $328,762.80. Following the completion of the transaction, the chief financial officer now owns 193,192 shares in the company, valued at approximately $15,231,257.28. The disclosure for this sale can be found here. Insiders have sold 363,801 shares of company stock valued at $27,284,175 in the last quarter. Corporate insiders own 10.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on Block from $74.00 to $78.00 and gave the company a “market perform” rating in a report on Friday, February 23rd. Seaport Res Ptn upgraded Block from a “neutral” rating to a “buy” rating in a report on Friday, February 23rd. Robert W. Baird upped their target price on Block from $95.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of Block in a report on Tuesday, February 20th. Finally, Canaccord Genuity Group upped their price target on Block from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, Block has an average rating of “Moderate Buy” and a consensus target price of $85.67.

Block Price Performance

SQ stock opened at $75.21 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $46.31 billion, a P/E ratio of 421.18, a P/E/G ratio of 2.12 and a beta of 2.55. The business’s 50-day moving average is $77.01 and its two-hundred day moving average is $66.81. Block, Inc. has a 1 year low of $38.85 and a 1 year high of $87.52.

Block (NYSE:SQ) last posted its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.69 billion. Block had a return on equity of 0.63% and a net margin of 0.04%. Analysts anticipate that Block, Inc. will post 1.02 earnings per share for the current fiscal year.

Block Company Profile

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.