H&R Block, Inc. (NYSE:HRB) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC cut its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,894 shares of the company’s stock after selling 1,145 shares during the period. Gallacher Capital Management LLC’s holdings in H&R Block were worth $430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HRB. Trexquant Investment LP increased its stake in H&R Block by 198.1% in the 3rd quarter. Trexquant Investment LP now owns 223,138 shares of the company’s stock valued at $9,608,000 after buying an additional 148,274 shares during the period. Nisa Investment Advisors LLC lifted its position in H&R Block by 33.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 155,054 shares of the company’s stock valued at $7,500,000 after purchasing an additional 38,476 shares during the period. Assenagon Asset Management S.A. purchased a new stake in H&R Block in the 4th quarter valued at approximately $1,228,000. Retirement Systems of Alabama raised its stake in shares of H&R Block by 23.8% during the 4th quarter. Retirement Systems of Alabama now owns 363,889 shares of the company’s stock worth $17,601,000 after buying an additional 69,846 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of H&R Block by 14.2% in the 3rd quarter. American Century Companies Inc. now owns 514,674 shares of the company’s stock valued at $22,162,000 after buying an additional 63,942 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffrey J. Jones II sold 85,921 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $49.21, for a total transaction of $4,228,172.41. Following the transaction, the chief executive officer now directly owns 755,359 shares in the company, valued at $37,171,216.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

H&R Block Trading Down 1.0 %

HRB traded down $0.50 during trading on Friday, hitting $47.53. 668,514 shares of the company’s stock were exchanged, compared to its average volume of 894,496. The stock has a 50 day moving average price of $47.73 and a 200 day moving average price of $46.58. H&R Block, Inc. has a 1 year low of $28.83 and a 1 year high of $52.90. The firm has a market cap of $6.63 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, February 6th. The company reported ($1.27) EPS for the quarter, beating the consensus estimate of ($1.58) by $0.31. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The business had revenue of $179.10 million for the quarter, compared to the consensus estimate of $169.45 million. During the same period last year, the business posted ($1.37) EPS. The company’s revenue was up 7.6% on a year-over-year basis. Analysts forecast that H&R Block, Inc. will post 4.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on HRB. Barrington Research reissued an “outperform” rating and issued a $55.00 target price on shares of H&R Block in a report on Wednesday. The Goldman Sachs Group boosted their price objective on shares of H&R Block from $34.00 to $38.00 and gave the stock a “sell” rating in a report on Wednesday, February 7th. Finally, StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

About H&R Block

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.