Dorsey Wright & Associates Has $424,000 Holdings in H&R Block, Inc. (NYSE:HRB)

Dorsey Wright & Associates reduced its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 79.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,813 shares of the company's stock after selling 29,459 shares during the period. Dorsey Wright & Associates' holdings in H&R Block were worth $424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HRB. Mather Group LLC. bought a new stake in H&R Block in the first quarter worth $28,000. Richardson Financial Services Inc. bought a new stake in shares of H&R Block during the 4th quarter worth about $37,000. Versant Capital Management Inc increased its holdings in shares of H&R Block by 4,152.9% during the 2nd quarter. Versant Capital Management Inc now owns 723 shares of the company's stock valued at $39,000 after acquiring an additional 706 shares during the last quarter. Quest Partners LLC raised its stake in shares of H&R Block by 2,756.0% in the 2nd quarter. Quest Partners LLC now owns 714 shares of the company's stock valued at $39,000 after acquiring an additional 689 shares in the last quarter. Finally, Assetmark Inc. bought a new position in shares of H&R Block in the 4th quarter valued at approximately $43,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HRB has been the topic of several analyst reports. Barrington Research reiterated an "outperform" rating and set a $60.00 price target on shares of H&R Block in a report on Wednesday, August 14th. StockNews.com downgraded 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 upped their price target on shares of H&R Block from $39.00 to $44.00 and gave the company a "sell" rating in a report on Friday, August 16th.

H&R Block Stock Performance

Shares of HRB stock traded up $0.21 during trading hours on Friday, reaching $63.64. 1,004,777 shares of the company's stock were exchanged, compared to its average volume of 1,167,693. The business has a fifty day moving average price of $60.99 and a 200-day moving average price of $54.03. The stock has a market capitalization of $8.88 billion, a P/E ratio of 14.56, a P/E/G ratio of 0.98 and a beta of 0.66. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a fifty-two week low of $39.20 and a fifty-two week high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The company reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.15. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. H&R Block had a net margin of 16.49% and a negative return on equity of 220.05%. The business's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 EPS. Analysts predict that H&R Block, Inc. will post 5.22 EPS for the current fiscal year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 5th will be given a $0.375 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.36%. This is an increase from H&R Block's previous quarterly dividend of $0.32. H&R Block's dividend payout ratio (DPR) is currently 34.32%.

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

Insider Transactions at H&R Block

In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the sale, the vice president now owns 18,474 shares of the company's stock, valued at approximately $1,189,910.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Dara S. Redler sold 9,100 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $64.10, for a total transaction of $583,310.00. Following the completion of the transaction, the insider now owns 22,066 shares in the company, valued at approximately $1,414,430.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kellie J. Logerwell sold 8,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the completion of the sale, the vice president now owns 18,474 shares in the company, valued at $1,189,910.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 160,902 shares of company stock valued at $9,970,442. 1.20% 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.