Nisa Investment Advisors LLC Sells 63,953 Shares of H&R Block, Inc. (NYSE:HRB)

Nisa Investment Advisors LLC trimmed its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 43.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,327 shares of the company's stock after selling 63,953 shares during the period. Nisa Investment Advisors LLC owned about 0.06% of H&R Block worth $5,326,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in H&R Block by 52.2% during the second quarter. Pacer Advisors Inc. now owns 2,738,190 shares of the company's stock valued at $148,492,000 after buying an additional 939,270 shares in the last quarter. Boston Partners lifted its position in shares of H&R Block by 30.2% in the 1st quarter. Boston Partners now owns 3,270,919 shares of the company's stock valued at $160,614,000 after acquiring an additional 758,827 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in H&R Block by 1,630.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company's stock worth $49,395,000 after purchasing an additional 732,359 shares during the period. AQR Capital Management LLC grew its position in H&R Block by 39.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,131,451 shares of the company's stock worth $115,418,000 after purchasing an additional 606,250 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in H&R Block by 11.8% during the 1st quarter. Lazard Asset Management LLC now owns 5,295,911 shares of the company's stock valued at $260,081,000 after purchasing an additional 558,076 shares during the period. Institutional investors and hedge funds own 90.14% of the company's stock.

Insider Activity at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 9,722 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 893,169 shares in the company, valued at $56,332,168.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 transaction, the chief executive officer now owns 893,169 shares of the company's stock, valued at approximately $56,332,168.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Tony G. Bowen sold 79,259 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.17, for a total transaction of $5,165,309.03. Following the completion of the sale, the chief financial officer now directly owns 90,095 shares of the company's stock, valued at approximately $5,871,491.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,927 shares of company stock valued at $7,517,056. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HRB. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a research report on Monday. StockNews.com cut H&R Block from a "buy" rating to a "hold" rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group increased their price target on shares of H&R Block from $39.00 to $44.00 and gave the stock a "sell" rating in a research report on Friday, August 16th.

H&R Block Stock Down 0.3 %

NYSE:HRB traded down $0.15 during mid-day trading on Friday, reaching $59.58. The stock had a trading volume of 950,406 shares, compared to its average volume of 1,158,265. The company has a debt-to-equity ratio of 16.46, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market cap of $8.24 billion, a P/E ratio of 14.12, a PEG ratio of 0.93 and a beta of 0.66. The business's 50 day moving average is $62.35 and its 200 day moving average is $56.42. 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 released its quarterly earnings data on Thursday, August 15th. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.15. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. H&R Block had a net margin of 16.49% and a negative return on equity of 220.05%. H&R Block's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 EPS. As a group, sell-side analysts predict that H&R Block, Inc. will post 5.22 earnings per share for the current year.

H&R Block announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 16.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

H&R Block Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 5th were issued a dividend of $0.375 per share. This is a positive change from H&R Block's previous quarterly dividend of $0.32. The ex-dividend date was Thursday, September 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.52%. H&R Block's dividend payout ratio is currently 35.55%.

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.