Maverick Capital Ltd. Decreases Position in H&R Block, Inc. $HRB

Maverick Capital Ltd. lessened its stake in H&R Block, Inc. (NYSE:HRB) by 82.6% during the first quarter, HoldingsChannel reports. The firm owned 19,943 shares of the company’s stock after selling 94,483 shares during the period. Maverick Capital Ltd.’s holdings in H&R Block were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of HRB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in H&R Block by 85.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,191 shares of the company’s stock valued at $119,000 after purchasing an additional 1,009 shares during the period. Jones Financial Companies Lllp increased its position in H&R Block by 3.6% in the first quarter. Jones Financial Companies Lllp now owns 11,423 shares of the company’s stock worth $627,000 after buying an additional 400 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of H&R Block by 15.2% in the first quarter. Goldman Sachs Group Inc. now owns 848,532 shares of the company’s stock valued at $46,593,000 after buying an additional 112,127 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of H&R Block by 100.8% during the 2nd 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 during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of H&R Block by 119.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 914 shares of the company’s stock valued at $50,000 after buying an additional 497 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Price Performance

Shares of HRB stock opened at $44.99 on Wednesday. The company’s fifty day simple moving average is $38.62 and its two-hundred day simple moving average is $35.50. H&R Block, Inc. has a 1 year low of $28.16 and a 1 year high of $55.95. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 0.60 and a beta of 0.36.

H&R Block (NYSE:HRB) last posted its earnings results on Wednesday, May 6th. The company reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.77 by $0.25. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%.The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the business posted $5.38 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. Equities research analysts anticipate that H&R Block, Inc. will post 5.18 EPS for the current year.

H&R Block Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. H&R Block’s dividend payout ratio is 29.89%.

Wall Street Analysts Forecast Growth

HRB has been the subject of several research reports. Weiss Ratings upgraded H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. Barrington Research restated an “outperform” rating and issued a $50.00 price objective on shares of H&R Block in a research note on Monday, April 27th. Zacks Research raised shares of H&R Block from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Stephens started coverage on shares of H&R Block in a research report on Tuesday. They set an “equal weight” rating and a $47.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $43.00.

H&R Block Company 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.