Teza Capital Management LLC Lowers Stake in H&R Block, Inc. (NYSE:HRB)

Teza Capital Management LLC trimmed its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 78.5% during the fourth quarter, according to the company in its most recent 13F 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc raised its holdings in H&R Block by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock valued at $225,000 after buying an additional 222 shares during the period. State of Alaska Department of Revenue increased its position in shares of H&R Block by 26.8% in the fourth quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company's stock worth $3,097,000 after acquiring an additional 12,390 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of H&R Block by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company's stock valued at $275,796,000 after acquiring an additional 282,633 shares during the period. Raymond James Financial Inc. acquired a new position in shares of H&R Block during the 4th quarter valued at $10,725,000. Finally, Martingale Asset Management L P boosted its position in H&R Block by 620.0% during the 4th quarter. Martingale Asset Management L P now owns 29,225 shares of the company's stock worth $1,544,000 after purchasing an additional 25,166 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at H&R Block

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total value of $3,405,096.80. Following the sale, the chief executive officer now owns 844,790 shares of the company's stock, valued at approximately $53,458,311.20. This trade represents a 5.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company's stock.

Analyst Ratings Changes

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

H&R Block Stock Performance

H&R Block stock opened at $58.02 on Tuesday. 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. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 0.80 and a beta of 0.28. The firm's fifty day moving average price is $57.26 and its 200 day moving average price is $56.01.

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share (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 negative return on equity of 179.15% and a net margin of 14.71%. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.94 earnings per share. On average, research analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

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

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