Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 504 Shares of H&R Block, Inc. (NYSE:HRB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in H&R Block, Inc. (NYSE:HRB) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Endeavor Private Wealth Inc. bought a new position in shares of H&R Block in the fourth quarter valued at approximately $27,000. Spire Wealth Management bought a new position in H&R Block in the 4th quarter valued at $28,000. Newbridge Financial Services Group Inc. purchased a new position in shares of H&R Block during the 4th quarter valued at $29,000. GAMMA Investing LLC grew its position in shares of H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after purchasing an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of H&R Block by 52.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock worth $44,000 after purchasing an additional 289 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Price Performance

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

H&R Block (NYSE:HRB) last released its 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%. On average, equities research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barrington Research reiterated an “outperform” rating and set a $70.00 price target on shares of H&R Block in a research report on Wednesday, February 5th.

H&R Block Company Profile

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.