Bank of New Hampshire Has $1.28 Million Position in Block, Inc. (NYSE:SQ)

Bank of New Hampshire cut its stake in shares of Block, Inc. (NYSE:SQ) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,520 shares of the technology company’s stock after selling 1,435 shares during the quarter. Bank of New Hampshire’s holdings in Block were worth $1,278,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Washington Trust Advisors Inc. raised its holdings in shares of Block by 38.7% in the fourth quarter. Washington Trust Advisors Inc. now owns 616 shares of the technology company’s stock valued at $48,000 after buying an additional 172 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Block by 2.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 6,328 shares of the technology company’s stock worth $489,000 after purchasing an additional 180 shares during the last quarter. WP Advisors LLC grew its position in shares of Block by 3.9% during the 4th quarter. WP Advisors LLC now owns 5,381 shares of the technology company’s stock worth $416,000 after buying an additional 200 shares during the period. Larson Financial Group LLC grew its position in shares of Block by 38.4% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the technology company’s stock worth $32,000 after buying an additional 202 shares during the period. Finally, Diversified Trust Co grew its position in shares of Block by 0.4% during the 4th quarter. Diversified Trust Co now owns 57,232 shares of the technology company’s stock worth $4,427,000 after buying an additional 209 shares during the period. 70.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Block

In other Block news, insider Brian Grassadonia sold 127,800 shares of Block stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $65.45, for a total transaction of $8,364,510.00. Following the sale, the insider now directly owns 405,224 shares of the company’s stock, valued at $26,521,910.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Amrita Ahuja sold 2,581 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $64.30, for a total value of $165,958.30. Following the transaction, the chief financial officer now directly owns 201,754 shares of the company’s stock, valued at approximately $12,972,782.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Grassadonia sold 127,800 shares of the company’s stock in a transaction on 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 directly owns 405,224 shares in the company, valued at approximately $26,521,910.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 363,801 shares of company stock valued at $27,284,175. 10.79% of the stock is currently owned by corporate insiders.

Block Price Performance

Shares of SQ stock traded up $2.13 during mid-day trading on Friday, hitting $74.92. 3,044,423 shares of the stock traded hands, compared to its average volume of 9,782,855. The firm has a market cap of $46.13 billion, a price-to-earnings ratio of 435.47, a price-to-earnings-growth ratio of 2.23 and a beta of 2.55. Block, Inc. has a twelve month low of $38.85 and a twelve month high of $87.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 1.90. The company’s 50-day simple moving average is $77.21 and its 200-day simple moving average is $66.90.

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

Wall Street Analyst Weigh In

SQ has been the topic of a number of analyst reports. Wedbush reiterated an “outperform” rating and set a $90.00 price objective on shares of Block in a research note on Tuesday, February 20th. Susquehanna reiterated a “positive” rating and issued a $100.00 target price on shares of Block in a research report on Monday. BTIG Research raised Block from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, January 30th. Monness Crespi & Hardt lifted their price objective on Block from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Citigroup boosted their price target on Block from $76.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, February 26th. One equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.67.

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.