15,659 Shares in H&R Block, Inc. (NYSE:HRB) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP purchased a new position in H&R Block, Inc. (NYSE:HRB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,659 shares of the company's stock, valued at approximately $827,000.

A number of other institutional investors have also recently added to or reduced their stakes in HRB. CIBC Asset Management Inc increased its stake in H&R Block by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock worth $225,000 after buying an additional 222 shares during the period. US Bancorp DE boosted its stake in shares of H&R Block by 1.9% in the 4th quarter. US Bancorp DE now owns 12,358 shares of the company's stock valued at $653,000 after buying an additional 233 shares during the period. GAMMA Investing LLC increased its stake in shares of H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after buying an additional 258 shares during the period. Avantax Advisory Services Inc. lifted its stake in H&R Block by 3.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 6,909 shares of the company's stock worth $365,000 after acquiring an additional 259 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in H&R Block by 4.4% during the 4th quarter. Bank of Nova Scotia now owns 6,170 shares of the company's stock worth $326,000 after acquiring an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company's stock.

Analysts Set New Price Targets

HRB has been the subject of several analyst reports. The Goldman Sachs Group upped their price objective on H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a research report on Thursday, May 8th. Barrington Research restated an "outperform" rating and set a $70.00 price target on shares of H&R Block in a research note on Friday, April 25th. Northcoast Research lowered shares of H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. Finally, StockNews.com upgraded shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th.

Insider Transactions at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of the business's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total value of $3,405,096.80. Following the transaction, the chief executive officer now owns 844,790 shares in the company, valued at $53,458,311.20. The trade was a 5.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company's stock.

H&R Block Price Performance

HRB stock traded up $0.17 during trading on Monday, reaching $57.82. 160,724 shares of the company were exchanged, compared to its average volume of 1,375,779. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The stock's 50 day moving average price is $57.10 and its 200 day moving average price is $56.02. H&R Block, Inc. has a 52-week low of $48.23 and a 52-week high of $68.45. The company has a market cap of $7.74 billion, a P/E ratio of 15.92, a PEG ratio of 0.80 and a beta of 0.28.

H&R Block (NYSE:HRB - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.26. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.25 billion. H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. The company's quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $4.94 earnings per share. As a group, analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.50 annualized dividend and a yield of 2.59%. H&R Block's dividend payout ratio is currently 36.76%.

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.