Susquehanna Fundamental Investments LLC Makes New Investment in H&R Block, Inc. (NYSE:HRB)

Susquehanna Fundamental Investments LLC acquired a new position in H&R Block, Inc. (NYSE:HRB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,800 shares of the company's stock, valued at approximately $306,000.

A number of other hedge funds also recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its position in shares of H&R Block by 5.5% in the fourth 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 increased its stake 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 buying an additional 233 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company's stock valued at $35,000 after acquiring an additional 258 shares in the last quarter. Avantax Advisory Services Inc. grew its position in shares of H&R Block by 3.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 6,909 shares of the company's stock worth $365,000 after purchasing an additional 259 shares in the last quarter. Finally, Bank of Nova Scotia raised its stake 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 valued at $326,000 after purchasing an additional 261 shares during the period. 90.14% of the stock is currently owned by institutional investors.

Insider Activity at H&R Block

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the company'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 transaction of $3,405,096.80. Following the transaction, the chief executive officer now owns 844,790 shares of the company's stock, valued at approximately $53,458,311.20. This represents a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

H&R Block Trading Down 1.3 %

Shares of NYSE:HRB traded down $0.76 during trading on Friday, reaching $57.61. The company's stock had a trading volume of 2,118,728 shares, compared to its average volume of 1,386,582. The firm's 50 day simple moving average is $56.81 and its two-hundred day simple moving average is $56.15. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 12 month low of $48.23 and a 12 month high of $68.45. The stock has a market capitalization of $7.71 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.80 and a beta of 0.28.

H&R Block (NYSE:HRB - Get Free Report) last announced 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. H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. The firm had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.25 billion. During the same quarter in the previous year, the business earned $4.94 EPS. The company's quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors 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 dividend on an annualized basis and a dividend yield of 2.60%. H&R Block's dividend payout ratio is presently 41.32%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Northcoast Research downgraded H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd. The Goldman Sachs Group raised their target price on shares of H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a research note on Thursday. StockNews.com raised shares of H&R Block from a "hold" rating to a "buy" rating in a report on Friday. Finally, Barrington Research reissued an "outperform" rating and set a $70.00 price target on shares of H&R Block in a research note on Friday, April 25th.

H&R Block 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.