ClearAlpha Technologies LP Sells 1,420 Shares of H&R Block, Inc. (NYSE:HRB)

ClearAlpha Technologies LP decreased its holdings in H&R Block, Inc. (NYSE:HRB) by 23.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,713 shares of the company’s stock after selling 1,420 shares during the period. ClearAlpha Technologies LP’s holdings in H&R Block were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HRB. Pacer Advisors Inc. raised its holdings in H&R Block by 52.2% during the 2nd quarter. Pacer Advisors Inc. now owns 2,738,190 shares of the company’s stock valued at $148,492,000 after acquiring an additional 939,270 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of H&R Block by 1,630.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company’s stock valued at $49,395,000 after purchasing 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 worth $115,418,000 after purchasing an additional 606,250 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in H&R Block by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock worth $313,735,000 after purchasing an additional 255,354 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in H&R Block by 29.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company’s stock valued at $44,364,000 after buying an additional 156,856 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Down 0.3 %

HRB opened at $59.11 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. The business’s fifty day simple moving average is $60.76 and its 200 day simple moving average is $58.06. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45. The stock has a market cap of $8.10 billion, a PE ratio of 14.42, a P/E/G ratio of 0.90 and a beta of 0.67.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). The firm had revenue of $193.81 million for the quarter, compared to analysts’ expectations of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same period in the prior year, the business posted ($1.05) earnings per share. As a group, research analysts expect that H&R Block, Inc. will post 5.28 earnings per share for the current fiscal year.

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

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 5th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.54%. H&R Block’s dividend payout ratio (DPR) is 36.59%.

Insider Activity at H&R Block

In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $64.41, for a total transaction of $515,280.00. Following the completion of the sale, the vice president now directly owns 18,474 shares in the company, valued at $1,189,910.34. This represents a 30.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HRB has been the subject of a number of recent analyst reports. Barrington Research restated an “outperform” rating and set a $70.00 price target on shares of H&R Block in a research report on Friday, November 8th. The Goldman Sachs Group lifted their price objective on H&R Block from $39.00 to $44.00 and gave the company a “sell” rating in a research note on Friday, August 16th. Finally, StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a research note on Friday, August 16th.

H&R Block 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.