EMC Capital Management Has $291,000 Stock Holdings in H&R Block, Inc. (NYSE:HRB)

EMC Capital Management cut its stake in H&R Block, Inc. (NYSE:HRB) by 36.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,512 shares of the company’s stock after selling 3,101 shares during the quarter. EMC Capital Management’s holdings in H&R Block were worth $291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of HRB. Bank of Montreal Can boosted its stake in H&R Block by 1.0% in the second quarter. Bank of Montreal Can now owns 24,467 shares of the company’s stock valued at $1,327,000 after acquiring an additional 251 shares during the last quarter. Millennium Management LLC grew its position in H&R Block by 356.0% during the second quarter. Millennium Management LLC now owns 88,826 shares of the company’s stock worth $4,817,000 after buying an additional 69,347 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of H&R Block during the 2nd quarter valued at $1,204,000. Algert Global LLC purchased a new stake in H&R Block in the second quarter worth approximately $762,000. Finally, NewEdge Advisors LLC grew its stake in shares of H&R Block by 156.3% during the second quarter. NewEdge Advisors LLC now owns 29,220 shares of the company’s stock valued at $1,585,000 after buying an additional 17,818 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

NYSE:HRB traded up $0.36 during mid-day trading on Thursday, hitting $54.90. 28,282 shares of the company traded hands, compared to its average volume of 1,021,879. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 0.81 and a beta of 0.69. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. The stock’s fifty day moving average price is $55.33 and its 200-day moving average price is $58.76. H&R Block, Inc. has a one year low of $42.28 and a one year high of $68.45.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The company had revenue of $193.81 million during the quarter, compared to the consensus estimate of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same period in the previous year, the business earned ($1.05) earnings per share. Research analysts anticipate that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were issued a $0.375 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a yield of 2.73%. H&R Block’s dividend payout ratio is presently 36.59%.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a report on Monday.

About H&R Block

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.