Candriam Luxembourg S.C.A. bought a new position in shares of H&R Block, Inc. (NYSE:HRB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 38,547 shares of the company’s stock, valued at approximately $1,192,000.

Several other large investors also recently made changes to their positions in the stock. Sei Investments Co. raised its stake in shares of H&R Block by 230.9% in the second quarter. Sei Investments Co. now owns 12,298 shares of the company’s stock worth $380,000 after buying an additional 8,581 shares during the last quarter. Cambiar Investors LLC bought a new stake in shares of H&R Block during the second quarter worth $4,626,000. Municipal Employees Retirement System of Michigan raised its stake in shares of H&R Block by 126.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 15,690 shares of the company’s stock worth $485,000 after buying an additional 8,760 shares during the last quarter. Kwmg LLC raised its stake in shares of H&R Block by 5.8% in the second quarter. Kwmg LLC now owns 74,305 shares of the company’s stock worth $2,297,000 after buying an additional 4,050 shares during the last quarter. Finally, Hartford Investment Management Co. raised its stake in shares of H&R Block by 64.6% in the second quarter. Hartford Investment Management Co. now owns 81,280 shares of the company’s stock worth $2,512,000 after buying an additional 31,910 shares during the last quarter. 92.81% of the stock is currently owned by hedge funds and other institutional investors.

H&R Block, Inc. (NYSE:HRB) opened at 30.70 on Friday. H&R Block, Inc. has a one year low of $19.85 and a one year high of $31.70. The firm has a 50-day moving average of $30.69 and a 200 day moving average of $25.70. The stock has a market capitalization of $6.36 billion, a PE ratio of 16.12 and a beta of 0.54.

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

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A number of research analysts recently issued reports on HRB shares. BidaskClub cut shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Barrington Research lifted their price target on shares of H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, June 19th. BMO Capital Markets lifted their price target on shares of H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday, June 16th. Credit Suisse Group reissued a “neutral” rating and set a $29.00 price target (up from $27.00) on shares of H&R Block in a research report on Wednesday, June 14th. Finally, Morgan Stanley lifted their price target on shares of H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 14th. One equities research 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 stock has an average rating of “Hold” and a consensus target price of $27.67.

In other H&R Block news, insider William C. Cobb sold 750,000 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $30.40, for a total transaction of $22,800,000.00. Following the completion of the sale, the insider now directly owns 1,301,458 shares of the company’s stock, valued at $39,564,323.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tom D. Seip sold 6,300 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $29.84, for a total transaction of $187,992.00. Following the sale, the director now directly owns 91,071 shares of the company’s stock, valued at $2,717,558.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,473,471 shares of company stock valued at $45,309,203. Insiders own 0.63% of the company’s stock.

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.

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

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