Economy

H&R Block, Inc. (HRB) Upgraded by ValuEngine to Buy

The firm owned 1,092,810 shares of the company's stock after buying an additional 618,312 shares during the period. H&R Block earned a media sentiment score of 0.14 on Accern's scale.

A number of other institutional investors and hedge funds also recently modified their holdings of HRB. American Century Companies Inc. purchased a new stake in H&R Block during the 1st quarter worth about $505,000. A stock that maintains a relatively stable price has low volatility. JPMorgan Chase & Co. lifted its holdings in shares of H&R Block by 247.1% during the second quarter. State of Wisconsin Investment Board increased its position in H&R Block by 22.4% during the 1st quarter. The Hartford Investment Management Co holds 81,280 shares with $2.51 million value, up from 49,370 last quarter.

The share price of the company (NYSE:HRB) was down -3.01%, with a high of 26.72 during the day and the volume of H&R Block, Inc. shares traded was 1865176. Ftb Advsr has 0% invested in H & R Block Inc (NYSE:HRB) for 641 shares. Credit Suisse Group reiterated a neutral rating and issued a $29.00 price objective (up previously from $27.00) on shares of H&R Block in a report on Wednesday, June 14th.

Keeping an eyeball on Moving Averages, the 50-day is 27.54; the 200-day is at 27.3, for H&R Block, Inc. Year to Date (YTD) performance of H&R Block, Inc. (HRB) traded down 1.615% during trading on Thursday, hitting $25.285. 1,904,525 shares of the stock traded hands. H&R Block, Inc. (HRB) average trading volume of 2,810,425 during the past month is 9.14% below its average volume over the past year, indicating that investors have been less active than usual in the stock in recent times. Beta, which measures a stock's price volatility relative to the market, provides the cleanest measure of systematic risk for a stock.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, August 29th. Analysts are forecasting earnings of $-0.72 on a per share basis this quarter. H & R Block had a negative return on equity of 115.26% and a net margin of 11.52%. The company had revenue of $138.00 million for the quarter, compared to analyst estimates of $129.33 million. During the same period in the previous year, the business posted ($0.34) EPS. This works out to an increase of 1.02% compared to last year's earnings. H & R Block had 27 analyst reports since August 25, 2015 according to SRatingsIntel.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. With short interest at 26,645,791 and short average daily volume at 2,979,802, the short-interest ratio is 9.0 and the percentage of shorted shares is 0.13% as of September 15. For comparison's sake, analysts expect the S&P 500 to grow earnings by an average of 12% in 2017. The dividend payment was $0.240 per share for the quarter which is $0.96 annualized. H&R Block, Inc. (NYSE:HRB) has a 20-Day average volume of 2.82 Million.

In other H&R Block news, SVP Kathryn M. Collins sold 2,931 shares of H&R Block stock in a transaction that occurred on Tuesday, July 18th. Similarly, the company's VP & Chief Acct Officer Logerwell Kellie J on 2017-07-14 Sell 800 shares of the company at a price of $30.71.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -4.3%, and has a solid year to date (YTD) performance of 7.35% which means that the stock is constantly adding to its value from the previous fiscal year end price. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The stock has been active on the tape, now trading at $26.59, up from yesterday's close by 0.76%. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & global copyright and trademark laws. First Eagle Investment Management LLC now owns 6,144,521 shares of the company's stock valued at $189,927,000 after acquiring an additional 203,186 shares during the period. H&R Block Inc now has $5.37B valuation. 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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