Dynamic Technology Lab Private Ltd Invests $1.93 Million in H&R Block, Inc. (NYSE:HRB)

Dynamic Technology Lab Private Ltd purchased a new position in H&R Block, Inc. (NYSE:HRB - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,343 shares of the company's stock, valued at approximately $1,928,000.

Several other large investors have also modified their holdings of HRB. Rockland Trust Co. increased its position in shares of H&R Block by 1.2% during the third quarter. Rockland Trust Co. now owns 16,866 shares of the company's stock worth $1,072,000 after acquiring an additional 200 shares during the period. TriaGen Wealth Management LLC increased its holdings in H&R Block by 2.4% during the 2nd quarter. TriaGen Wealth Management LLC now owns 8,642 shares of the company's stock worth $469,000 after purchasing an additional 203 shares during the period. Bank of Montreal Can raised its position in H&R Block by 1.0% during the 2nd quarter. Bank of Montreal Can now owns 24,467 shares of the company's stock valued at $1,327,000 after purchasing an additional 251 shares in the last quarter. Axiom Advisory LLC grew its position in shares of H&R Block by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 18,048 shares of the company's stock worth $1,076,000 after buying an additional 282 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of H&R Block by 1.9% during the third quarter. Park Avenue Securities LLC now owns 15,857 shares of the company's stock valued at $1,008,000 after buying an additional 303 shares during the period. Hedge funds and other institutional investors own 90.14% of the company's stock.

H&R Block Trading Up 0.1 %

NYSE HRB traded up $0.09 during trading hours on Tuesday, reaching $59.62. The company had a trading volume of 1,854,405 shares, compared to its average volume of 1,204,862. H&R Block, Inc. has a 1-year low of $42.28 and a 1-year high of $68.45. The stock has a market capitalization of $8.17 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 0.88 and a beta of 0.67. The stock has a 50-day moving average of $61.10 and a 200 day moving average of $57.89. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The business had revenue of $193.81 million for the quarter, compared to analysts' expectations of $188.78 million. H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. During the same period in the previous year, the company earned ($1.05) earnings per share. As a group, research analysts anticipate that H&R Block, Inc. will post 5.28 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 5th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, December 5th. H&R Block's dividend payout ratio (DPR) is 36.59%.

H&R Block announced that its board has approved a share repurchase program on Thursday, August 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 16.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HRB. Barrington Research reissued an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a report on Friday, November 8th. StockNews.com lowered shares of H&R Block from a "buy" rating to a "hold" rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group lifted their target price on H&R Block from $39.00 to $44.00 and gave the stock a "sell" rating in a report on Friday, August 16th.

Insider Activity at H&R Block

In related news, VP Kellie J. Logerwell sold 8,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $64.41, for a total transaction of $515,280.00. Following the completion of the sale, the vice president now directly owns 18,474 shares of the company's stock, valued at $1,189,910.34. This trade represents a 30.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey J. Jones II sold 9,722 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $63.07, for a total transaction of $613,166.54. Following the completion of the transaction, the chief executive officer now directly owns 893,169 shares in the company, valued at $56,332,168.83. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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.