Versant Capital Management Inc Buys 706 Shares of H&R Block, Inc. (NYSE:HRB)

Versant Capital Management Inc increased its stake in H&R Block, Inc. (NYSE:HRB) by 4,152.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 723 shares of the company’s stock after purchasing an additional 706 shares during the period. Versant Capital Management Inc’s holdings in H&R Block were worth $39,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC grew its position in H&R Block by 11.8% during the first quarter. Lazard Asset Management LLC now owns 5,295,911 shares of the company’s stock valued at $260,081,000 after acquiring an additional 558,076 shares during the last quarter. Boston Partners boosted its stake in shares of H&R Block by 30.2% during the first quarter. Boston Partners now owns 3,270,919 shares of the company’s stock valued at $160,614,000 after purchasing an additional 758,827 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of H&R Block by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,469,698 shares of the company’s stock valued at $119,463,000 after purchasing an additional 79,759 shares during the period. Norges Bank purchased a new stake in shares of H&R Block during the fourth quarter valued at approximately $82,605,000. Finally, NewEdge Wealth LLC boosted its stake in shares of H&R Block by 12.5% during the fourth quarter. NewEdge Wealth LLC now owns 1,133,994 shares of the company’s stock valued at $54,851,000 after purchasing an additional 126,248 shares during the period. 90.14% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 44,975 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $54.55, for a total transaction of $2,453,386.25. Following the completion of the transaction, the chief executive officer now directly owns 712,386 shares in the company, valued at $38,860,656.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HRB shares. Barrington Research increased their price objective on H&R Block from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, July 18th.

H&R Block Trading Up 1.2 %

H&R Block stock traded up $0.64 on Wednesday, hitting $55.18. 64,975 shares of the stock traded hands, compared to its average volume of 1,067,123. The firm has a market cap of $7.70 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 0.96 and a beta of 0.68. The business’s fifty day simple moving average is $53.73 and its 200 day simple moving average is $50.20. H&R Block, Inc. has a 1 year low of $34.23 and a 1 year high of $58.63.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Thursday, May 9th. The company reported $4.94 EPS for the quarter, beating the consensus estimate of $4.66 by $0.28. H&R Block had a negative return on equity of 224.81% and a net margin of 17.87%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm posted $4.20 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts predict that H&R Block, Inc. will post 4.29 earnings per share for the current year.

H&R Block Company Profile

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. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.