H&R Block, Inc. (NYSE:HRB) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC reduced its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 78.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,208 shares of the company's stock after selling 33,566 shares during the quarter. Teza Capital Management LLC's holdings in H&R Block were worth $487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its position in H&R Block by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock worth $225,000 after purchasing an additional 222 shares during the period. US Bancorp DE raised its position in H&R Block by 1.9% in the 4th quarter. US Bancorp DE now owns 12,358 shares of the company's stock worth $653,000 after purchasing an additional 233 shares during the period. Avantax Advisory Services Inc. raised its position in H&R Block by 3.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 6,909 shares of the company's stock worth $365,000 after purchasing an additional 259 shares during the period. Bank of Nova Scotia raised its position in H&R Block by 4.4% in the 4th quarter. Bank of Nova Scotia now owns 6,170 shares of the company's stock worth $326,000 after purchasing an additional 261 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in H&R Block by 11.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company's stock worth $144,000 after purchasing an additional 263 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HRB has been the topic of a number of recent analyst reports. Northcoast Research lowered shares of H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. Wall Street Zen raised shares of H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. The Goldman Sachs Group raised their target price on shares of H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a research report on Thursday, May 8th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $70.00 target price on shares of H&R Block in a research report on Friday, April 25th.

H&R Block Trading Up 0.3%

Shares of NYSE:HRB traded up $0.20 during trading on Friday, reaching $57.80. 891,607 shares of the company were exchanged, compared to its average volume of 1,383,276. The firm has a market capitalization of $7.74 billion, a PE ratio of 15.92, a P/E/G ratio of 0.80 and a beta of 0.28. The business's fifty day simple moving average is $57.80 and its 200-day simple moving average is $55.95. H&R Block, Inc. has a 12-month low of $48.23 and a 12-month high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73.

H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, topping analysts' consensus estimates of $5.12 by $0.26. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $4.94 earnings per share. On average, research analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, June 4th. H&R Block's payout ratio is 36.76%.

Insider Activity at H&R Block

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of H&R Block stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the transaction, the chief executive officer now directly owns 844,790 shares of the company's stock, valued at $53,458,311.20. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.

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.