Orion Portfolio Solutions LLC Acquires 1,054 Shares of Block, Inc. (NYSE:SQ)

Orion Portfolio Solutions LLC increased its holdings in shares of Block, Inc. (NYSE:SQ) by 16.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,424 shares of the technology company’s stock after purchasing an additional 1,054 shares during the period. Orion Portfolio Solutions LLC’s holdings in Block were worth $498,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Yoder Wealth Management Inc. lifted its holdings in shares of Block by 0.4% during the 3rd quarter. Yoder Wealth Management Inc. now owns 39,688 shares of the technology company’s stock valued at $2,664,000 after purchasing an additional 145 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in Block by 1.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,744 shares of the technology company’s stock valued at $520,000 after acquiring an additional 145 shares in the last quarter. Moser Wealth Advisors LLC lifted its stake in Block by 2.5% in the 3rd quarter. Moser Wealth Advisors LLC now owns 6,265 shares of the technology company’s stock valued at $421,000 after acquiring an additional 153 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Block by 6.3% in the 3rd quarter. Lindbrook Capital LLC now owns 2,592 shares of the technology company’s stock valued at $174,000 after acquiring an additional 154 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in Block by 14.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,192 shares of the technology company’s stock valued at $80,000 after acquiring an additional 154 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

Block Stock Performance

Shares of NYSE SQ opened at $94.58 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07. The stock’s fifty day moving average price is $82.88 and its two-hundred day moving average price is $70.99. Block, Inc. has a one year low of $55.00 and a one year high of $99.26. The firm has a market cap of $58.62 billion, a price-to-earnings ratio of 53.13, a P/E/G ratio of 1.23 and a beta of 2.50.

Insider Buying and Selling at Block

In other news, insider Chrysty Esperanza sold 2,865 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $95.00, for a total transaction of $272,175.00. Following the sale, the insider now directly owns 85,235 shares of the company’s stock, valued at approximately $8,097,325. This represents a 3.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Ajmere Dale sold 500 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $67.00, for a total value of $33,500.00. Following the sale, the chief accounting officer now directly owns 90,460 shares in the company, valued at approximately $6,060,820. This trade represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,918 shares of company stock valued at $2,666,147 in the last ninety days. 10.49% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. William Blair restated an “outperform” rating on shares of Block in a research note on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 target price on shares of Block in a research note on Monday, October 21st. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective on shares of Block in a research note on Monday, November 11th. Barclays upped their price objective on Block from $100.00 to $112.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, The Goldman Sachs Group upped their price objective on Block from $87.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Block has a consensus rating of “Moderate Buy” and a consensus price target of $95.34.

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.