Louisiana State Employees Retirement System increased its stake in shares of H&R Block, Inc. (NYSE:HRB) by 1.6% during the second quarter, Holdings Channel reports. The fund owned 12,900 shares of the company’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in H&R Block were worth $399,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HRB. Nisa Investment Advisors LLC raised its stake in H&R Block by 9.9% in the second quarter. Nisa Investment Advisors LLC now owns 113,525 shares of the company’s stock valued at $3,480,000 after buying an additional 10,201 shares during the last quarter. LS Investment Advisors LLC raised its stake in H&R Block by 4.1% in the second quarter. LS Investment Advisors LLC now owns 15,056 shares of the company’s stock valued at $465,000 after buying an additional 588 shares during the last quarter. Exane Derivatives bought a new stake in H&R Block during the second quarter valued at $2,482,000. Denali Advisors LLC bought a new stake in H&R Block during the second quarter valued at $1,592,000. Finally, Mn Services Vermogensbeheer B.V. raised its stake in H&R Block by 475.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 33,625 shares of the company’s stock valued at $1,039,000 after buying an additional 27,781 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

Shares of H&R Block, Inc. (HRB) traded up 1.53% during trading on Monday, hitting $31.17. The stock had a trading volume of 301,467 shares. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 16.37 and a beta of 0.54. The company’s 50 day moving average price is $30.69 and its 200 day moving average price is $25.70. H&R Block, Inc. has a 12 month low of $19.85 and a 12 month high of $31.70.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, June 13th. The company reported $3.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.53 by $0.23. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.16 EPS. Equities research analysts expect that H&R Block, Inc. will post $1.99 earnings per share for the current fiscal year.

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Several analysts recently weighed in on the company. BidaskClub lowered H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Barrington Research increased their price target on H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, June 19th. BMO Capital Markets increased their target price on H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, June 16th. Credit Suisse Group reiterated a “neutral” rating and issued a $29.00 target price (up previously from $27.00) on shares of H&R Block in a research note on Wednesday, June 14th. Finally, Morgan Stanley increased their target price on H&R Block from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $27.67.

In related news, Director David B. Lewis sold 8,000 shares of the business’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $30.01, for a total value of $240,080.00. Following the sale, the director now owns 82,083 shares in the company, valued at approximately $2,463,310.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider William C. Cobb sold 750,000 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $30.40, for a total value of $22,800,000.00. Following the completion of the sale, the insider now owns 1,301,458 shares in the company, valued at approximately $39,564,323.20. The disclosure for this sale can be found here. Insiders sold a total of 1,473,471 shares of company stock worth $45,309,203 in the last quarter. Company insiders own 0.63% of the company’s stock.

H&R Block Company Profile

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company 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, Australia and their respective territories.

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

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