Teza Capital Management LLC Has $227,000 Stock Holdings in H&R Block, Inc. $HRB

Key Points

• Teza Capital Management LLC has reduced its holdings in H&R Block by 55% in Q1, now owning 4,143 shares valued at approximately $227,000.
• The company's quarterly earnings report revealed an EPS of $2.27, which was below analysts' consensus estimate of $2.81, despite a year-over-year revenue increase of 4.6% to $1.11 billion.
• H&R Block has increased its quarterly dividend to $0.42 per share, up from $0.38, marking an annualized dividend of $1.68 and a yield of 3.3%.

Teza Capital Management LLC reduced its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 55.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,143 shares of the company's stock after selling 5,065 shares during the quarter. Teza Capital Management LLC's holdings in H&R Block were worth $227,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC purchased a new position in H&R Block in the 1st quarter worth about $26,000. Brooklyn Investment Group lifted its holdings in shares of H&R Block by 72.1% during the 1st quarter. Brooklyn Investment Group now owns 513 shares of the company's stock valued at $28,000 after buying an additional 215 shares during the last quarter. Bogart Wealth LLC lifted its holdings in shares of H&R Block by 42.9% during the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company's stock valued at $37,000 after buying an additional 200 shares during the last quarter. Covestor Ltd lifted its holdings in H&R Block by 21.8% in the 1st quarter. Covestor Ltd now owns 1,356 shares of the company's stock worth $75,000 after purchasing an additional 243 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in H&R Block by 129.2% in the 1st quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock worth $83,000 after purchasing an additional 850 shares during the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on HRB. The Goldman Sachs Group dropped their price target on H&R Block from $54.00 to $48.00 and set a "sell" rating on the stock in a research report on Wednesday, August 13th. Barrington Research lowered their price target on H&R Block from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 13th. Finally, Zacks Research cut H&R Block from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $55.00.

H&R Block Stock Down 1.8%

Shares of NYSE:HRB traded down $0.94 during mid-day trading on Friday, reaching $51.19. 1,345,195 shares of the stock were exchanged, compared to its average volume of 1,956,695. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. The stock's 50 day simple moving average is $53.26 and its 200-day simple moving average is $55.37. The company has a market cap of $6.86 billion, a P/E ratio of 11.45, a P/E/G ratio of 0.84 and a beta of 0.26. H&R Block, Inc. has a one year low of $47.00 and a one year high of $64.90.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.81 by ($0.54). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, equities research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Thursday, September 4th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, September 4th. This is a positive change from H&R Block's previous quarterly dividend of $0.38. H&R Block's dividend payout ratio is 37.58%.

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.