H&R Block Inc. CFO Gregory Macfarlane Buys 6,300 Shares

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Jul 12, 2012
CFO of H&R Block Inc. (HRB, Financial) Gregory J. Macfarlane bought 6,300 shares on 07/09/2012 at an average price of $16.05. The total transaction amount is $101,115. H&R Block Inc. is a diversified company involved in tax return preparation,electronic filing of income tax returns and other tax-related services. H&R Block Inc. has a market cap of $4.43 billion; its shares were traded at around $16.11 with a P/E ratio of 13.1 and P/S ratio of 1.5. The dividend yield of H&R Block Inc. stocks is 5%.


CFO Gregory Macfarlane has not made any other recent trades in the company. However, another insider, Director Paul Brown, also bought 1,200 shares of the company at an average price of $16.01. The price of the stock has increased by 0.62% since.


Gregory Macfarlane is the CFO of H&R Block Inc. Prior to this position, he served for than 13 years at General Electric, most recently serving as Senior VP and CFO for WMC Mortgage. From 1999 to 2001, he served as Vice President and Chief Financial Officer of GE Fleet Services, Japan. He received his MBA from the Kellogg Graduate School of Management at Northwestern University.


Several gurus hold stakes in HRB. Lee Ainslie bought 3,250,208 shares in the quarter that ended on 03/31/2012, which is 0.77% of the $6.95 billion portfolio of Maverick Capital. Ray Dalio owns 197,649 shares as of 03/31/2012, an increase of 1414.67% from the previous quarter. This position accounts for 0.051% of the $6.43 billion portfolio of Bridgewater Associates. Brian Rogers owns 2,196,700 shares as of 03/31/2012, a decrease of 25.45% of from the previous quarter.


H&R Block Inc. has an annual revenue growth of 3.4% on average for the past 10 years. For the past 5 years, annual revenue growth averaged -3.4%. Earnings per share were positive for 8 out of the past 10 years, but have seen decreases for the last four consecutive years. The company holds the majority of its assets ($1.99 billion out of $2.5 billion) in cash, with total assets at $4.65 billion. The company has $409 million in long-term debt.


HRB has a predictability rating of 1 star. Recently, the company has been buying back its shares, repurchasing $168 million in fiscal 2012, $283 million in fiscal 2011, and $238 million in fiscal 2010.