H&R Block, Inc. (NYSE:HRB) Position Boosted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 17.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,121 shares of the company’s stock after purchasing an additional 1,212 shares during the period. Avantax Advisory Services Inc.’s holdings in H&R Block were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Brown Advisory Inc. boosted its stake in shares of H&R Block by 1.6% in the 1st quarter. Brown Advisory Inc. now owns 11,942 shares of the company’s stock valued at $656,000 after purchasing an additional 191 shares in the last quarter. Bogart Wealth LLC lifted its position in H&R Block by 42.9% during the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock valued at $37,000 after purchasing an additional 200 shares during the period. Bank of Nova Scotia increased its stake in shares of H&R Block by 4.4% in the 4th quarter. Bank of Nova Scotia now owns 6,170 shares of the company’s stock valued at $326,000 after acquiring an additional 261 shares during the last quarter. Invst LLC increased its stake in shares of H&R Block by 1.5% in the 4th quarter. Invst LLC now owns 18,187 shares of the company’s stock valued at $961,000 after acquiring an additional 274 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its stake in shares of H&R Block by 6.6% in the 4th quarter. EP Wealth Advisors LLC now owns 4,525 shares of the company’s stock valued at $239,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Up 0.5%

H&R Block stock opened at $54.92 on Thursday. The stock has a market cap of $7.35 billion, a PE ratio of 13.46, a P/E/G ratio of 0.85 and a beta of 0.24. The business’s 50-day moving average price is $55.73 and its two-hundred day moving average price is $55.76. H&R Block, Inc. has a 12-month low of $49.16 and a 12-month high of $68.45.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.26. H&R Block had a negative return on equity of 179.57% and a net margin of 15.20%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the previous year, the firm earned $4.94 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Northcoast Research lowered shares of H&R Block from a “buy” rating to a “neutral” rating in a research note on Friday, May 2nd. Barrington Research reissued an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research note on Friday, April 25th. The Goldman Sachs Group raised their target price on shares of H&R Block from $49.00 to $54.00 and gave the company a “sell” rating in a research note on Thursday, May 8th. Finally, Wall Street Zen raised H&R Block from a “hold” rating to a “buy” rating in a report on Friday, May 9th.

H&R Block Company 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.