Yoder Wealth Management Inc. Acquires 145 Shares of Block, Inc. (NYSE:SQ)

Yoder Wealth Management Inc. grew its position in Block, Inc. (NYSE:SQ) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,688 shares of the technology company’s stock after purchasing an additional 145 shares during the period. Block makes up approximately 1.6% of Yoder Wealth Management Inc.’s investment portfolio, making the stock its 20th largest holding. Yoder Wealth Management Inc.’s holdings in Block were worth $2,664,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in Block during the third quarter worth about $58,850,000. Sequoia Financial Advisors LLC raised its holdings in Block by 15.1% during the third quarter. Sequoia Financial Advisors LLC now owns 8,322 shares of the technology company’s stock worth $559,000 after acquiring an additional 1,089 shares in the last quarter. Calton & Associates Inc. bought a new stake in Block during the third quarter worth about $204,000. Whittier Trust Co. raised its holdings in Block by 30.0% during the third quarter. Whittier Trust Co. now owns 1,798 shares of the technology company’s stock worth $121,000 after acquiring an additional 415 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Block during the third quarter worth about $61,000. 70.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Ajmere Dale sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $61.88, for a total value of $30,940.00. Following the completion of the sale, the chief accounting officer now directly owns 92,366 shares in the company, valued at $5,715,608.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Brian Grassadonia sold 8,328 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $64.77, for a total value of $539,404.56. Following the transaction, the insider now owns 580,086 shares of the company’s stock, valued at approximately $37,572,170.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ajmere Dale sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $61.88, for a total transaction of $30,940.00. Following the completion of the transaction, the chief accounting officer now directly owns 92,366 shares in the company, valued at approximately $5,715,608.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,214 shares of company stock worth $1,637,932. Company insiders own 10.49% of the company’s stock.

Block Trading Up 1.7 %

Block stock traded up $1.22 during trading hours on Thursday, reaching $72.61. 834,191 shares of the company’s stock were exchanged, compared to its average volume of 8,007,953. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.26. The firm’s 50 day simple moving average is $66.92 and its 200 day simple moving average is $67.11. Block, Inc. has a twelve month low of $38.85 and a twelve month high of $87.52. The firm has a market capitalization of $44.70 billion, a PE ratio of 55.77, a PEG ratio of 0.99 and a beta of 2.49.

Block (NYSE:SQ) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. Block had a return on equity of 3.77% and a net margin of 3.47%. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the business posted $0.40 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. Research analysts predict that Block, Inc. will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

SQ has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and set a $99.00 target price on shares of Block in a report on Friday, August 2nd. Morgan Stanley decreased their target price on Block from $60.00 to $55.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 30th. Macquarie reissued an “outperform” rating and set a $100.00 price target on shares of Block in a research report on Friday, July 26th. UBS Group reduced their price target on Block from $100.00 to $92.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Block from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $88.79.

Block 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.