Jensen Investment Management Inc. acquired a new stake in H&R Block Inc. (NYSE:HRB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,230 shares of the company’s stock, valued at approximately $465,000.

Several other large investors also recently bought and sold shares of the company. Exxonmobil Investment Management Inc. TX increased its stake in H&R Block by 1.1% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 58,088 shares of the company’s stock valued at $1,336,000 after buying an additional 640 shares during the last quarter. National Investment Services Inc. WI increased its stake in H&R Block by 0.9% in the second quarter. National Investment Services Inc. WI now owns 85,995 shares of the company’s stock valued at $1,978,000 after buying an additional 752 shares during the last quarter. Punch & Associates Investment Management Inc. increased its stake in H&R Block by 1.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 104,284 shares of the company’s stock valued at $2,399,000 after buying an additional 1,291 shares during the last quarter. Park National Corp OH increased its stake in H&R Block by 12.3% in the second quarter. Park National Corp OH now owns 13,192 shares of the company’s stock valued at $303,000 after buying an additional 1,442 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in H&R Block by 12.6% in the second quarter. Eqis Capital Management Inc. now owns 13,012 shares of the company’s stock valued at $299,000 after buying an additional 1,453 shares during the last quarter. Institutional investors and hedge funds own 93.05% of the company’s stock.

Shares of H&R Block Inc. (NYSE:HRB) traded up 0.96% on Thursday, hitting $23.06. 1,285,847 shares of the company’s stock were exchanged. H&R Block Inc. has a 12-month low of $19.18 and a 12-month high of $37.53. The company’s 50-day moving average price is $23.27 and its 200 day moving average price is $23.38. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 15.60 and a beta of 0.80.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, August 30th. The company reported ($0.55) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.53) by $0.02. The company earned $125 million during the quarter. H&R Block had a net margin of 11.58% and a negative return on equity of 202.63%. H&R Block’s revenue was down 9.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.35) earnings per share. On average, equities analysts predict that H&R Block Inc. will post $1.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Wednesday, September 14th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Monday, September 12th. H&R Block’s dividend payout ratio (DPR) is 52.69%.

Several research firms have recently commented on HRB. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of H&R Block in a research note on Sunday, June 12th. BTIG Research reiterated a “hold” rating on shares of H&R Block in a research note on Sunday, June 12th. Zacks Investment Research upgraded shares of H&R Block from a “sell” rating to a “hold” rating in a research note on Thursday. Piper Jaffray Cos. reiterated a “buy” rating and set a $29.00 price objective on shares of H&R Block in a research note on Friday, July 15th. Finally, Credit Suisse Group AG restated a “hold” rating and set a $22.00 target price on shares of H&R Block in a research report on Friday, June 10th. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. H&R Block has an average rating of “Hold” and an average target price of $31.10.

In related news, insider Jeffrey Brown sold 16,067 shares of the stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $22.86, for a total value of $367,291.62. Following the transaction, the insider now directly owns 118,513 shares of the company’s stock, valued at approximately $2,709,207.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Gregory J. Macfarlane bought 4,618 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was bought at an average cost of $21.65 per share, for a total transaction of $99,979.70. Following the completion of the transaction, the senior vice president now directly owns 121,707 shares in the company, valued at $2,634,956.55. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by corporate insiders.

About H&R Block

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.

5 Day Chart for NYSE:HRB

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