November 28, 2016 - By Ruchi Gupta · 0 Comments
H&R Block Inc (NYSE:HRB) institutional sentiment decreased to 0.96 in 2016 Q2. Its down -0.05, from 1.01 in 2016Q1. The ratio turned negative, as 185 hedge funds started new and increased stock positions, while 183 sold and reduced stock positions in H&R Block Inc. The hedge funds in our partner’s database now possess: 197.59 million shares, down from 202.10 million shares in 2016Q1. Also, the number of hedge funds holding H&R Block Inc in their top 10 stock positions increased from 2 to 4 for an increase of 2. Sold All: 66 Reduced: 117 Increased: 134 New Position: 51.
H&R Block, Inc. , through its subsidiaries, provides tax preparation and other services. The company has a market cap of $4.93 billion. The Firm provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories. It has a 13.62 P/E ratio. Assisted income tax return preparation and related services are provided by tax professionals through a system of retail offices operated directly by the Company or its franchisees.
About 2.67 million shares traded hands or 12.66% up from the average. H & R Block Inc (NYSE:HRB) has declined 0.25% since April 25, 2016 and is downtrending. It has underperformed by 6.26% the S&P500.
Analysts await H & R Block Inc (NYSE:HRB) to report earnings on December, 7 after the close. They expect $-0.68 EPS, down 33.33% or $0.17 from last year’s $-0.51 per share. After $-0.55 actual EPS reported by H & R Block Inc for the previous quarter, Wall Street now forecasts 23.64% negative EPS growth.
According to Zacks Investment Research, “H&R Block Inc. is a diversified company involved in tax return preparation, electronic filing of income tax returns and other tax-related services. The Company’s subsidiaries also offer investment services through broker-dealers, originate, purchase, service, sell and securitize mortgages, offer personal productivity software, purchase participation interests in refund anticipation loans made by a third-party lender, and offer accounting, tax and consulting services to business clients.”
Ns Advisors Llc holds 15.3% of its portfolio in H & R Block Inc for 487,406 shares. Schwerin Boyle Capital Management Inc owns 891,450 shares or 2.94% of their US portfolio. Moreover, Guinness Atkinson Asset Management Inc has 2.4% invested in the company for 166,390 shares. The California-based Alethea Capital Management Llc has invested 2.37% in the stock. National Investment Services Inc Wi, a Wisconsin-based fund reported 85,995 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 3 insider buys, and 1 sale for $160,699 net activity.
Ratings analysis reveals 40% of H & R Block’s analysts are positive. Out of 10 Wall Street analysts rating H & R Block, 4 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $24 while the high is $46. The stock’s average target of $35.13 is 58.17% above today’s ($22.21) share price. HRB was included in 15 notes of analysts from August 25, 2015. On Tuesday, August 25 the stock rating was maintained by BTIG Research with “Buy”. Piper Jaffray maintained the stock with “Buy” rating in Thursday, September 3 report. The rating was downgraded by Morgan Stanley on Wednesday, November 16 to “Equal-Weight”. The firm earned “Buy” rating on Thursday, September 3 by BTIG Research. The firm earned “Market Perform” rating on Wednesday, August 31 by BMO Capital Markets. The rating was downgraded by Oppenheimer to “Perform” on Wednesday, April 27. The rating was initiated by Sterne Agee CRT on Tuesday, May 3 with “Neutral”. The firm has “Outperform” rating given on Friday, August 26 by Macquarie Research. The firm earned “Neutral” rating on Tuesday, March 22 by Sterne Agee CRT. The stock of H & R Block Inc (NYSE:HRB) has “Neutral” rating given on Monday, September 14 by BTIG Research.
H&R Block, Inc. (H&R Block), incorporated on July 27, 1955, through its subsidiaries, provides tax preparation and other services. The Firm provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories. Assisted income tax return preparation and related services are provided by tax professionals through a system of retail offices operated directly by the Company or its franchisees. It offers tax support, planning, and business accounting and advisory services to its clients. The Firm offers a range of online tax services, including preparation of federal and state income tax returns, review of tax returns by a tax professional, access to tax tips, advice and tax-related news, use of calculators for tax planning, error checking and electronic filing.
More recent H & R Block Inc (NYSE:HRB) news were published by: Benzinga.com which released: “H&R Block Shares Downgraded To Sell At BTIG” on November 28, 2016. Also Prnewswire.com published the news titled: “Technical Reports on Personal Services Stocks — H&R Block, Service, Weight …” on November 21, 2016. Forbes.com‘s news article titled: “Oversold Conditions For H & R Block (HRB)” with publication date: November 09, 2016 was also an interesting one.
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By Ruchi Gupta