Texas Permanent School Fund Corp Raises Stock Position in H&R Block, Inc. (NYSE:HRB)

Posted by Defense World Staff on Jul 24th, 2023

Texas Permanent School Fund Corp boosted its position in shares of H&R Block, Inc. (NYSE:HRB – Free Report) by 30.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,562 shares of the company’s stock after purchasing an additional 32,043 shares during the period. Texas Permanent School Fund Corp owned approximately 0.09% of H&R Block worth $4,814,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in H&R Block during the first quarter worth about $29,000. OLD Mission Capital LLC acquired a new stake in shares of H&R Block during the fourth quarter valued at about $33,000. Dark Forest Capital Management LP acquired a new stake in shares of H&R Block during the fourth quarter valued at about $50,000. Machina Capital S.A.S. acquired a new stake in shares of H&R Block during the first quarter valued at about $53,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of H&R Block during the fourth quarter valued at about $62,000. 92.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Barrington Research dropped their price target on shares of H&R Block from $48.00 to $42.00 in a research report on Wednesday, May 10th.

H&R Block Stock Performance

Shares of HRB stock opened at $33.68 on Monday. The stock has a market capitalization of $5.13 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 0.66 and a beta of 0.68. The company has a 50 day moving average price of $31.63 and a 200 day moving average price of $34.41. H&R Block, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $48.76.

H&R Block (NYSE:HRB – Get Free Report) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $4.20 earnings per share for the quarter, missing analysts’ consensus estimates of $4.46 by ($0.26). H&R Block had a net margin of 13.59% and a negative return on equity of 284.65%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm posted $4.11 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, research analysts forecast that H&R Block, Inc. will post 3.72 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Wednesday, June 7th were paid a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, June 6th. This represents a $1.16 dividend on an annualized basis and a yield of 3.44%. H&R Block’s dividend payout ratio is currently 39.06%.

Insider Buying and Selling

In other news, Director Richard A. Johnson purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average price of $29.54 per share, for a total transaction of $295,400.00. Following the completion of the purchase, the director now directly owns 68,729 shares of the company’s stock, valued at $2,030,254.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

H&R Block Profile

(Free Report)

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.