Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in H&R Block, Inc. (NYSE:HRB) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,267 shares of the company’s stock after selling 504 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in H&R Block were worth $1,599,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HRB. Lindenwold Advisors INC raised its holdings in shares of H&R Block by 26.5% in the fourth quarter. Lindenwold Advisors INC now owns 6,985 shares of the company’s stock valued at $369,000 after purchasing an additional 1,462 shares during the last quarter. Xponance Inc. lifted its position in shares of H&R Block by 4.2% during the 4th quarter. Xponance Inc. now owns 19,655 shares of the company’s stock worth $1,039,000 after buying an additional 784 shares in the last quarter. Boston Partners boosted its stake in shares of H&R Block by 58.5% in the 4th quarter. Boston Partners now owns 4,500,552 shares of the company’s stock worth $237,814,000 after buying an additional 1,660,319 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of H&R Block by 1,341.1% in the fourth quarter. Intech Investment Management LLC now owns 181,409 shares of the company’s stock valued at $9,586,000 after acquiring an additional 168,821 shares in the last quarter. Finally, Kennondale Capital Management LLC purchased a new stake in shares of H&R Block during the fourth quarter valued at approximately $157,000. 90.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on HRB shares. Barrington Research reissued an “outperform” rating and issued a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th. StockNews.com lowered shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th.

H&R Block Trading Down 1.0 %

NYSE:HRB opened at $52.57 on Wednesday. H&R Block, Inc. has a 12 month low of $45.87 and a 12 month high of $68.45. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. The firm’s 50 day moving average is $53.34 and its 200 day moving average is $57.01. The stock has a market capitalization of $7.04 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. Sell-side analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be paid a $0.375 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.85%. H&R Block’s payout ratio is 41.32%.

About H&R Block

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.