Pacer Advisors Inc. Sells 104,120 Shares of H&R Block, Inc. $HRB

Pacer Advisors Inc. trimmed its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 15.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 559,387 shares of the company’s stock after selling 104,120 shares during the period. Pacer Advisors Inc. owned about 0.44% of H&R Block worth $28,288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SVB Wealth LLC bought a new position in H&R Block in the first quarter valued at approximately $26,000. Operose Advisors LLC bought a new stake in shares of H&R Block during the 2nd quarter worth approximately $27,000. Signaturefd LLC boosted its holdings in shares of H&R Block by 40.0% in the 2nd quarter. Signaturefd LLC now owns 651 shares of the company’s stock valued at $36,000 after buying an additional 186 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of H&R Block by 100.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock valued at $39,000 after buying an additional 357 shares in the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of H&R Block by 30.0% in the second quarter. Bogart Wealth LLC now owns 866 shares of the company’s stock valued at $48,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HRB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H&R Block in a research report on Monday, December 15th. Barrington Research reaffirmed an “outperform” rating and issued a $62.00 target price on shares of H&R Block in a report on Monday, October 27th. One investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.00.

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 128,818 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $44.54, for a total value of $5,737,553.72. Following the transaction, the chief executive officer owned 861,313 shares of the company’s stock, valued at approximately $38,362,881.02. This represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by corporate insiders.

H&R Block Trading Up 0.7%

Shares of H&R Block stock opened at $43.80 on Friday. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.76 and a quick ratio of 0.76. The business has a fifty day simple moving average of $45.64 and a two-hundred day simple moving average of $50.42. H&R Block, Inc. has a 1 year low of $41.17 and a 1 year high of $64.62. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 0.70 and a beta of 0.31.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($1.20) earnings per share for the quarter, beating the consensus estimate of ($1.40) by $0.20. The company had revenue of $203.55 million for the quarter, compared to analyst estimates of $200.13 million. H&R Block had a net margin of 16.24% and a negative return on equity of 169.98%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.17) earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Research analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, December 4th. This represents a $1.68 annualized dividend and a yield of 3.8%. H&R Block’s dividend payout ratio (DPR) is 37.75%.

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.