H&R Block, Inc. (NYSE:HRB) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 13.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,482 shares of the company's stock after selling 10,845 shares during the period. Nisa Investment Advisors LLC owned about 0.05% of H&R Block worth $3,858,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HRB. Eastern Bank bought a new stake in H&R Block in the third quarter valued at approximately $25,000. Bogart Wealth LLC grew its stake in shares of H&R Block by 606.1% in the third quarter. Bogart Wealth LLC now owns 466 shares of the company's stock worth $30,000 after acquiring an additional 400 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in H&R Block in the third quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in H&R Block in the 3rd quarter valued at approximately $35,000. Finally, GAMMA Investing LLC grew its position in H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company's stock valued at $35,000 after buying an additional 258 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a report on Friday, November 8th.

H&R Block Price Performance

Shares of NYSE HRB traded up $0.53 during midday trading on Friday, reaching $52.85. 1,119,577 shares of the stock traded hands, compared to its average volume of 909,321. The company's 50 day moving average is $55.51 and its 200 day moving average is $58.77. H&R Block, Inc. has a one year low of $42.28 and a one year high of $68.45. The stock has a market capitalization of $7.24 billion, a PE ratio of 12.89, a P/E/G ratio of 0.81 and a beta of 0.69. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The company had revenue of $193.81 million during the quarter, compared to analysts' expectations of $188.78 million. During the same period last year, the firm earned ($1.05) earnings per share. On average, equities research analysts anticipate that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Thursday, December 5th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.84%. The ex-dividend date was Thursday, December 5th. H&R Block's payout ratio is 36.59%.

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.