Intech Investment Management LLC Sells 69,300 Shares of H&R Block, Inc. $HRB

Intech Investment Management LLC decreased its position in shares of H&R Block, Inc. (NYSE:HRB) by 38.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,109 shares of the company’s stock after selling 69,300 shares during the period. Intech Investment Management LLC owned 0.08% of H&R Block worth $6,156,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Northern Trust Corp boosted its position in shares of H&R Block by 11.2% in the first quarter. Northern Trust Corp now owns 2,608,496 shares of the company’s stock worth $143,233,000 after purchasing an additional 263,274 shares during the period. Wellington Management Group LLP boosted its position in shares of H&R Block by 5.9% in the first quarter. Wellington Management Group LLP now owns 2,141,988 shares of the company’s stock worth $117,617,000 after purchasing an additional 119,510 shares during the period. LSV Asset Management boosted its position in shares of H&R Block by 14.3% in the first quarter. LSV Asset Management now owns 1,667,652 shares of the company’s stock worth $91,571,000 after purchasing an additional 209,019 shares during the period. Royal Bank of Canada boosted its position in shares of H&R Block by 0.9% in the first quarter. Royal Bank of Canada now owns 1,244,858 shares of the company’s stock worth $68,356,000 after purchasing an additional 10,671 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of H&R Block by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 976,797 shares of the company’s stock worth $53,637,000 after purchasing an additional 9,428 shares during the period. 90.14% of the stock is currently owned by institutional investors.

H&R Block Price Performance

HRB stock opened at $52.16 on Friday. H&R Block, Inc. has a 52 week low of $47.00 and a 52 week high of $64.90. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. The company has a fifty day simple moving average of $53.36 and a two-hundred day simple moving average of $55.38. The firm has a market capitalization of $6.99 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 0.81 and a beta of 0.26.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.54). H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business earned $1.89 EPS. H&R Block’s revenue for the quarter was up 4.6% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.2%. This is an increase from H&R Block’s previous quarterly dividend of $0.38. H&R Block’s dividend payout ratio is presently 37.58%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Zacks Research lowered shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Barrington Research reduced their price objective on shares of H&R Block from $70.00 to $62.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group reduced their price objective on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, H&R Block presently has a consensus rating of “Hold” and a consensus price target of $55.00.

H&R Block Profile

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.