IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 768 Shares of H&R Block, Inc. $HRB

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its holdings in H&R Block, Inc. (NYSE:HRB) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,258 shares of the company’s stock after selling 768 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in H&R Block were worth $1,057,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HRB. New Vernon Capital Holdings II LLC increased its holdings in shares of H&R Block by 5,391.0% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 621,252 shares of the company’s stock worth $34,113,000 after purchasing an additional 609,938 shares in the last quarter. Miller Howard Investments Inc. NY bought a new stake in shares of H&R Block in the 1st quarter worth $30,429,000. Northern Trust Corp increased its holdings in shares of H&R Block by 11.2% in the 1st quarter. Northern Trust Corp now owns 2,608,496 shares of the company’s stock worth $143,233,000 after purchasing an additional 263,274 shares in the last quarter. LSV Asset Management boosted its stake in shares of H&R Block by 14.3% in the 1st quarter. LSV Asset Management now owns 1,667,652 shares of the company’s stock worth $91,571,000 after buying an additional 209,019 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of H&R Block in the 1st quarter worth $10,629,000. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

NYSE:HRB opened at $51.28 on Wednesday. The stock has a 50-day simple moving average of $50.99 and a two-hundred day simple moving average of $54.72. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.62. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $6.56 billion, a PE ratio of 11.47, a P/E/G ratio of 0.85 and a beta of 0.31.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($0.54). H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm posted $1.89 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Thursday, September 4th were issued a dividend of $0.42 per share. This is a boost from H&R Block’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, September 4th. H&R Block’s dividend payout ratio is presently 37.58%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HRB. Weiss Ratings downgraded H&R Block from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. The Goldman Sachs Group dropped their price target on H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a research note on Wednesday, August 13th. Zacks Research downgraded H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Barrington Research restated an “outperform” rating and issued a $62.00 price target on shares of H&R Block in a research note on Monday. One 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $55.00.

H&R Block Profile

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.