Burney Co. Sells 31,351 Shares of H&R Block, Inc. $HRB

Burney Co. cut its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 75.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,993 shares of the company’s stock after selling 31,351 shares during the quarter. Burney Co.’s holdings in H&R Block were worth $317,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bogart Wealth LLC raised its position in H&R Block by 51.4% in the 1st quarter. Bogart Wealth LLC now owns 1,311 shares of the company’s stock worth $42,000 after purchasing an additional 445 shares during the period. DGS Capital Management LLC boosted its position in H&R Block by 113.6% during the first quarter. DGS Capital Management LLC now owns 12,199 shares of the company’s stock valued at $387,000 after buying an additional 6,489 shares during the period. HB Wealth Management LLC boosted its position in H&R Block by 42.9% during the first quarter. HB Wealth Management LLC now owns 15,767 shares of the company’s stock valued at $500,000 after buying an additional 4,734 shares during the period. Prevatt Capital Ltd grew its stake in shares of H&R Block by 102.9% during the first quarter. Prevatt Capital Ltd now owns 710,000 shares of the company’s stock valued at $22,535,000 after buying an additional 360,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of H&R Block in the first quarter worth about $1,523,000. 90.14% of the stock is currently owned by institutional investors.

H&R Block Stock Up 2.3%

Shares of HRB opened at $39.54 on Friday. The stock has a market capitalization of $5.01 billion, a P/E ratio of 7.04, a PEG ratio of 0.55 and a beta of 0.36. H&R Block, Inc. has a twelve month low of $28.16 and a twelve month high of $57.08. The firm has a fifty day simple moving average of $37.16 and a two-hundred day simple moving average of $35.73.

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

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, June 3rd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Wednesday, June 3rd. H&R Block’s payout ratio is currently 29.89%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HRB. Zacks Research raised H&R Block from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Barrington Research restated an “outperform” rating and set a $50.00 price target on shares of H&R Block in a research report on Monday, April 27th. Finally, Weiss Ratings raised H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, H&R Block has a consensus rating of “Moderate Buy” and an average price target of $41.00.

H&R Block 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.