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

Nisa Investment Advisors LLC trimmed its position in shares of H&R Block, Inc. (NYSE:HRB) by 43.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in shares of H&R Block by 52.2% during the 2nd quarter. Pacer Advisors Inc. now owns 2,738,190 shares of the company’s stock worth $148,492,000 after acquiring an additional 939,270 shares during the last quarter. Boston Partners boosted its stake in shares of H&R Block by 30.2% during the first quarter. Boston Partners now owns 3,270,919 shares of the company’s stock valued at $160,614,000 after purchasing an additional 758,827 shares during the period. Wedge Capital Management L L P NC increased 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 buying an additional 732,359 shares during the period. AQR Capital Management LLC lifted its holdings 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 valued at $115,418,000 after buying an additional 606,250 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in H&R Block by 11.8% in the 1st quarter. Lazard Asset Management LLC now owns 5,295,911 shares of the company’s stock valued at $260,081,000 after buying an additional 558,076 shares during the period. Institutional investors own 90.14% of the company’s stock.

Analyst Ratings Changes

HRB has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price target on shares of H&R Block from $39.00 to $44.00 and gave the company a “sell” rating in a research note on Friday, August 16th. Barrington Research reaffirmed an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research report on Monday. Finally, StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

Insiders Place Their Bets

In other news, CEO Jeffrey J. Jones II sold 9,722 shares of H&R Block stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $63.07, for a total value of $613,166.54. Following the transaction, the chief executive officer now owns 893,169 shares of the company’s stock, valued at $56,332,168.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jeffrey J. Jones II sold 9,722 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $63.07, for a total value of $613,166.54. Following the completion of the sale, the chief executive officer now owns 893,169 shares of the company’s stock, valued at $56,332,168.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tony G. Bowen sold 79,259 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $65.17, for a total value of $5,165,309.03. Following the transaction, the chief financial officer now owns 90,095 shares in the company, 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. Over the last ninety days, insiders sold 115,927 shares of company stock worth $7,517,056. 1.30% of the stock is owned by corporate insiders.

H&R Block Price Performance

Shares of HRB opened at $59.72 on Friday. The company has a debt-to-equity ratio of 16.46, a quick ratio of 1.27 and a current ratio of 1.27. The company has a 50 day moving average price of $62.51 and a 200-day moving average price of $56.30. H&R Block, Inc. has a fifty-two week low of $39.20 and a fifty-two week high of $68.45. The stock has a market capitalization of $8.26 billion, a PE ratio of 14.15, a PEG ratio of 0.95 and a beta of 0.66.

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

H&R Block Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 5th were issued a $0.375 dividend. The ex-dividend date was Thursday, September 5th. This is an increase from H&R Block’s previous quarterly dividend of $0.32. This represents a $1.50 dividend on an annualized basis and a yield of 2.51%. H&R Block’s payout ratio is currently 35.55%.

H&R Block announced that its board has approved a share repurchase program on Thursday, August 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.