Quantinno Capital Management LP Purchases 260,350 Shares of H&R Block, Inc. $HRB

Quantinno Capital Management LP raised its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 188.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 398,279 shares of the company’s stock after acquiring an additional 260,350 shares during the quarter. Quantinno Capital Management LP’s holdings in H&R Block were worth $12,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HRB. Los Angeles Capital Management LLC purchased a new stake in H&R Block during the 4th quarter worth about $28,000. Northwestern Mutual Wealth Management Co. grew its stake in H&R Block by 100.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock worth $39,000 after buying an additional 357 shares in the last quarter. Valley National Advisers Inc. purchased a new position in H&R Block in the fourth quarter worth $34,000. Signaturefd LLC boosted its holdings in shares of H&R Block by 82.1% in the 4th quarter. Signaturefd LLC now owns 843 shares of the company’s stock worth $37,000 after purchasing an additional 380 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in H&R Block in the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Trading Up 2.7%

H&R Block stock opened at $45.20 on Tuesday. H&R Block, Inc. has a 12 month low of $28.16 and a 12 month high of $55.95. The stock has a fifty day simple moving average of $39.12 and a two-hundred day simple moving average of $35.53. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 0.62 and a beta of 0.36.

H&R Block (NYSE:HRB) last posted its earnings results on Wednesday, May 6th. The company reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.77 by $0.25. H&R Block had a net margin of 18.90% and a negative return on equity of 211.62%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the business earned $5.38 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. On average, equities research analysts forecast that H&R Block, Inc. will post 5.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on HRB shares. Weiss Ratings upgraded shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. Zacks Research cut shares of H&R Block from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Stephens began coverage on H&R Block in a report on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 target price on the stock. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $50.00 target price on shares of H&R Block in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, H&R Block has a consensus rating of “Hold” and a consensus target price of $43.00.

H&R Block Company Profile

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.