Pacer Advisors Inc. Sells 104,120 Shares of H&R Block, Inc. $HRB

Pacer Advisors Inc. lowered its position in shares of H&R Block, Inc. (NYSE:HRB) by 15.7% in the third quarter, Holdings Channel reports. The institutional investor owned 559,387 shares of the company’s stock after selling 104,120 shares during the period. Pacer Advisors Inc.’s holdings in H&R Block were worth $28,288,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Neo Ivy Capital Management bought a new position in shares of H&R Block during the second quarter worth approximately $1,004,000. Allworth Financial LP grew its position in H&R Block by 64.8% during the second quarter. Allworth Financial LP now owns 4,979 shares of the company’s stock worth $273,000 after buying an additional 1,957 shares in the last quarter. Prudential Financial Inc. increased its stake in H&R Block by 31.1% during the 2nd quarter. Prudential Financial Inc. now owns 99,666 shares of the company’s stock worth $5,948,000 after acquiring an additional 23,624 shares during the period. Empowered Funds LLC raised its holdings in H&R Block by 13.7% in the 1st quarter. Empowered Funds LLC now owns 227,934 shares of the company’s stock valued at $12,516,000 after acquiring an additional 27,542 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of H&R Block by 6.1% during the 2nd quarter. Truist Financial Corp now owns 813,898 shares of the company’s stock valued at $44,675,000 after acquiring an additional 46,529 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on HRB shares. Weiss Ratings reissued a “hold (c)” rating on shares of H&R Block in a report on Monday, December 15th. Barrington Research reiterated an “outperform” rating and set a $62.00 price objective on shares of H&R Block in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $55.00.

Insider Buying and Selling

In other H&R Block news, CEO Jeffrey J. Jones II sold 176,449 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $46.46, for a total value of $8,197,820.54. Following the sale, the chief executive officer owned 906,313 shares in the company, valued at $42,107,301.98. This trade represents a 16.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by insiders.

H&R Block Price Performance

H&R Block stock opened at $43.80 on Friday. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.76 and a current ratio of 0.76. H&R Block, Inc. has a 52 week low of $41.17 and a 52 week high of $64.62. The stock has a market capitalization of $5.54 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.70 and a beta of 0.31. The stock has a fifty day moving average of $45.64 and a 200-day moving average of $50.42.

H&R Block (NYSE:HRB) last released its earnings results on Thursday, November 6th. The company reported ($1.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.40) by $0.20. The firm had revenue of $203.55 million for the quarter, compared to analysts’ expectations of $200.13 million. H&R Block had a negative return on equity of 169.98% and a net margin of 16.24%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.17) earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, sell-side analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Thursday, December 4th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Thursday, December 4th. H&R Block’s dividend payout ratio is currently 37.75%.

About H&R Block

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.