Teacher Retirement System of Texas Has $25.50 Million Stock Holdings in H & R Block Inc (NYSE:HRB)

Teacher Retirement System of Texas lessened its holdings in shares of H & R Block Inc (NYSE:HRB) by 10.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 870,181 shares of the company’s stock after selling 98,438 shares during the period. Teacher Retirement System of Texas owned 0.43% of H & R Block worth $25,496,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Strs Ohio boosted its stake in H & R Block by 4,724.4% in the 1st quarter. Strs Ohio now owns 122,540 shares of the company’s stock worth $2,933,000 after purchasing an additional 120,000 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in H & R Block by 28.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 45,767 shares of the company’s stock worth $1,096,000 after purchasing an additional 10,149 shares during the period. Geode Capital Management LLC boosted its stake in H & R Block by 12.0% in the 4th quarter. Geode Capital Management LLC now owns 3,253,810 shares of the company’s stock worth $82,432,000 after purchasing an additional 349,292 shares during the period. California Public Employees Retirement System boosted its stake in H & R Block by 9.3% in the 1st quarter. California Public Employees Retirement System now owns 1,373,090 shares of the company’s stock worth $32,872,000 after purchasing an additional 116,542 shares during the period. Finally, Northern Trust Corp boosted its stake in H & R Block by 4.8% in the 1st quarter. Northern Trust Corp now owns 4,245,946 shares of the company’s stock worth $101,648,000 after purchasing an additional 193,383 shares during the period. 98.18% of the stock is owned by hedge funds and other institutional investors.

Shares of HRB stock traded down $0.01 on Thursday, reaching $27.05. The stock had a trading volume of 40,240 shares, compared to its average volume of 2,235,146. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 2.76. The firm’s 50-day moving average is $27.86 and its two-hundred day moving average is $26.40. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 1.39 and a beta of 0.24. H & R Block Inc has a 12 month low of $22.96 and a 12 month high of $29.62.

H & R Block (NYSE:HRB) last issued its earnings results on Tuesday, June 11th. The company reported $4.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.11 by $0.21. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. H & R Block had a net margin of 13.65% and a return on equity of 364.51%. H & R Block’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.42 EPS. On average, sell-side analysts forecast that H & R Block Inc will post 1.99 earnings per share for the current fiscal year.

Several brokerages have commented on HRB. Barrington Research reissued an “outperform” rating on shares of H & R Block in a research report on Wednesday, June 12th. Zacks Investment Research cut shares of H & R Block from a “hold” rating to a “sell” rating and set a $28.00 price target on the stock. in a research report on Wednesday, May 29th. Northcoast Research cut shares of H & R Block from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 9th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $29.00 price target on shares of H & R Block in a research report on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. H & R Block has an average rating of “Hold” and an average price target of $26.50.

In other news, VP Kellie J. Logerwell sold 3,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $28.68, for a total value of $86,040.00. Following the sale, the vice president now directly owns 7,941 shares of the company’s stock, valued at approximately $227,747.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

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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