H&R Block, Inc. (NYSE:HRB) Position Increased by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 23.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 363,889 shares of the company's stock after buying an additional 69,846 shares during the quarter. Retirement Systems of Alabama owned approximately 0.25% of H&R Block worth $17,601,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HRB. Cambridge Investment Research Advisors Inc. increased its holdings in H&R Block by 28.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 23,808 shares of the company's stock valued at $1,025,000 after buying an additional 5,218 shares during the last quarter. Xponance Inc. grew its holdings in shares of H&R Block by 2.9% during the third quarter. Xponance Inc. now owns 29,736 shares of the company's stock worth $1,280,000 after purchasing an additional 840 shares during the last quarter. Tectonic Advisors LLC grew its holdings in shares of H&R Block by 3.8% during the third quarter. Tectonic Advisors LLC now owns 94,967 shares of the company's stock worth $4,089,000 after purchasing an additional 3,441 shares during the last quarter. Raymond James & Associates grew its holdings in shares of H&R Block by 12.3% during the third quarter. Raymond James & Associates now owns 126,297 shares of the company's stock worth $5,438,000 after purchasing an additional 13,839 shares during the last quarter. Finally, Stratos Wealth Advisors LLC grew its holdings in shares of H&R Block by 5.9% during the third quarter. Stratos Wealth Advisors LLC now owns 33,945 shares of the company's stock worth $1,462,000 after purchasing an additional 1,898 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company's stock.

Insider Activity at H&R Block

In related news, CEO Jeffrey J. Jones II sold 85,921 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $49.21, for a total value of $4,228,172.41. Following the completion of the sale, the chief executive officer now owns 755,359 shares in the company, valued at $37,171,216.39. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

H&R Block Trading Up 1.0 %

Shares of NYSE HRB traded up $0.46 during midday trading on Wednesday, reaching $47.69. 814,291 shares of the company were exchanged, compared to its average volume of 1,064,820. H&R Block, Inc. has a 1 year low of $28.83 and a 1 year high of $52.90. The stock has a fifty day simple moving average of $47.73 and a 200 day simple moving average of $46.50. The stock has a market cap of $6.65 billion, a P/E ratio of 13.14, a PEG ratio of 0.89 and a beta of 0.70.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.58) by $0.31. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The firm had revenue of $179.10 million for the quarter, compared to analyst estimates of $169.45 million. During the same quarter last year, the company posted ($1.37) earnings per share. The business's revenue was up 7.6% on a year-over-year basis. As a group, analysts forecast that H&R Block, Inc. will post 4.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HRB shares. The Goldman Sachs Group raised their price objective on H&R Block from $34.00 to $38.00 and gave the stock a "sell" rating in a report on Wednesday, February 7th. StockNews.com raised H&R Block from a "hold" rating to a "buy" rating in a report on Thursday, March 7th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $55.00 price objective on shares of H&R Block in a report on Wednesday.

H&R Block Company Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.