Bank of New Hampshire Sells 1,435 Shares of Block, Inc. (NYSE:SQ)

Bank of New Hampshire lowered its holdings in Block, Inc. (NYSE:SQ) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Washington Trust Advisors Inc. raised its stake in shares of Block by 38.7% during the 4th quarter. Washington Trust Advisors Inc. now owns 616 shares of the technology company’s stock worth $48,000 after acquiring an additional 172 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in Block by 2.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 6,328 shares of the technology company’s stock valued at $489,000 after purchasing an additional 180 shares in the last quarter. WP Advisors LLC increased its stake in Block by 3.9% during the 4th quarter. WP Advisors LLC now owns 5,381 shares of the technology company’s stock valued at $416,000 after purchasing an additional 200 shares in the last quarter. Larson Financial Group LLC increased its stake in Block by 38.4% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the technology company’s stock valued at $32,000 after purchasing an additional 202 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in shares of Block by 0.4% in the 4th quarter. Diversified Trust Co now owns 57,232 shares of the technology company’s stock valued at $4,427,000 after acquiring an additional 209 shares during the last quarter. Institutional investors own 70.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SQ. Morgan Stanley reissued an “underweight” rating and set a $60.00 price target (down from $62.00) on shares of Block in a report on Thursday, April 4th. Piper Sandler restated an “overweight” rating and set a $88.00 price objective (up from $86.00) on shares of Block in a research report on Friday, February 23rd. Benchmark increased their target price on shares of Block from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Keefe, Bruyette & Woods lifted their price objective on shares of Block from $74.00 to $78.00 and gave the company a “market perform” rating in a report on Friday, February 23rd. Finally, KeyCorp lifted their price objective on shares of Block from $80.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.67.

Block Stock Up 2.9 %

Shares of Block stock traded up $2.13 during 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 stock has a market cap of $46.13 billion, a P/E ratio of 435.47, a PEG ratio of 2.23 and a beta of 2.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 1.90. Block, Inc. has a twelve month low of $38.85 and a twelve month high of $87.52. The company has a fifty day moving average price of $77.21 and a two-hundred day moving average price of $66.90.

Block (NYSE:SQ) last announced its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $5.77 billion during 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%. Equities research analysts predict that Block, Inc. will post 1.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Amrita Ahuja sold 4,170 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $78.84, for a total value of $328,762.80. Following the completion of the sale, the chief financial officer now directly owns 193,192 shares in the company, valued at approximately $15,231,257.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Amrita Ahuja sold 4,170 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $78.84, for a total transaction of $328,762.80. Following the completion of the transaction, the chief financial officer now directly owns 193,192 shares in the company, valued at $15,231,257.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Ajmere Dale sold 656 shares of the company’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 $42,180.80. Following the transaction, the chief accounting officer now owns 68,823 shares of the company’s stock, valued at $4,425,318.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 363,801 shares of company stock worth $27,284,175. 10.79% of the stock is currently owned by insiders.

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.