H & R Block Inc (HRB) Position Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of H & R Block Inc (NYSE:HRB) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 371,044 shares of the company’s stock after selling 7,956 shares during the quarter. New York State Teachers Retirement System owned 0.18% of H & R Block worth $8,452,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of H & R Block during the 2nd quarter worth about $109,000. Zeke Capital Advisors LLC acquired a new stake in shares of H & R Block during the 1st quarter worth about $215,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of H & R Block during the 1st quarter worth about $257,000. IFM Investors Pty Ltd increased its position in shares of H & R Block by 34.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 11,120 shares of the company’s stock worth $253,000 after purchasing an additional 2,839 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in shares of H & R Block during the 2nd quarter worth about $289,000. 99.41% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on HRB. BMO Capital Markets lowered their target price on H & R Block from $29.00 to $25.00 and set a “market perform” rating for the company in a report on Wednesday, June 13th. Morgan Stanley lowered their target price on H & R Block from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, June 13th. They noted that the move was a valuation call. ValuEngine upgraded H & R Block from a “hold” rating to a “buy” rating in a report on Friday, April 27th. TheStreet upgraded H & R Block from a “c+” rating to a “b” rating in a report on Tuesday, June 12th. Finally, Barrington Research lowered their target price on H & R Block from $32.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, June 14th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.96.

Shares of H & R Block stock opened at $25.86 on Monday. H & R Block Inc has a 12 month low of $22.45 and a 12 month high of $31.80. The stock has a market cap of $5.31 billion, a P/E ratio of 8.68, a PEG ratio of 1.23 and a beta of 0.21. The company has a debt-to-equity ratio of 3.80, a current ratio of 2.24 and a quick ratio of 2.24.

H & R Block (NYSE:HRB) last announced its earnings results on Tuesday, June 12th. The company reported $5.43 EPS for the quarter, beating analysts’ consensus estimates of $5.27 by $0.16. H & R Block had a negative return on equity of 269.22% and a net margin of 19.40%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the business posted $3.76 EPS. H & R Block’s revenue for the quarter was up 2.8% on a year-over-year basis. equities analysts expect that H & R Block Inc will post 1.91 EPS for the current fiscal year.

H & R Block Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions, and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.

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Institutional Ownership by Quarter for H & R Block (NYSE:HRB)

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