The Good Brigade A director of Block Inc. (NYSE:SQ) has made a substantial purchase of shares in the last week and in this investment thesis, I will look at the company's outlook and consider the timing. Sequoia's Botha buys $25M worth of SQ stock An insider transaction from Roelof F. Botha on August 8, showed the South African venture capitalist buying up $25 million worth of Block Inc. stock. Roelof Botha Insider Transaction (Yahoo Finance) The latest purchase by the Sequoia Capital leader follows a ...

H&R Block gave strong guidance for the new fiscal year and raised its dividend.Shares of tax prep specialist H&R Block (HRB 13.74%) were soaring today after the company beat bottom-line estimates and rewarded investors with a dividend hike. As of 10:35 a.m. ET, the stock was up 18.2%. H&R Block gets it doneRevenue in the quarter rose 3% to $1.062 billion, beating the consensus at $1.03 billion. On the bottom line, increased spending on marketing and higher wages and benefits weighed on profits, and earnings ...

The shares of H & R Block Inc (NYSE:HRB) are soaring to soaring to record highs today, up 17.4% at $67.48 at last glance, and earlier hitting a peak of $68.23. This jump comes after the tax services name reported better-than-expected fiscal fourth-quarter results, raised its full-year forecast, announced a dividend hike, and $1.5 billion share buyback plan. Headed for its biggest single-day percentage pop since May 2022, HRB is currently up 39.6% in 2024. Before today's bull gap, the 40-day moving average h ...

Key TakeawaysH&R Block shares are soaring Friday, a day after the tax-prep firm reported better-than-forecast fourth-quarter results.The company also said it would issue a quarterly dividend of 37.5 cents a share, a 17% increase, and a new share-buyback program of $1.5 billion.H&R Block also issued guidance calling for higher revenue and adjusted EPS in fiscal 2025. H&R Block (HRB) shares are soaring Friday, a day after the tax-prep firm reported higher-than-forecast fourth-quarter results. H&R Block said r ...

KANSAS CITY, Mo., Aug. 15, 2024 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB) (the "Company") today released its financial results1  for the fiscal year ended June 30, 2024. H&R Block reported full year revenue of $3.6 billion (4% increase) and earnings per share from continuing operations2 of $4.14 (16% increase)In FY24, the Company repurchased $350 million, or another 5.5%, of shares outstanding at an average price of $43.66The Company announced a 17% increase in its quarterly dividend to $0.375 per sha ...

In July, Ardent Health Partners Inc. ARDT closed its initial public offering of 12 million at a public offering price of $16 per share, for total gross proceeds of approximately $192 million.Ardent Health Partners owns and operates a network of hospitals and clinics. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals.Through its subsidiaries, Ardent Health delivers care through 30 acute care hospitals, more than 200 care sites, and over 1,700 providers across six sta ...

Cash App users may be eligible for part of a multimillion-dollar settlement from the company.The payments platform and its parent Block agreed earlier this year to pay $15 million to settle a suit claiming the company had failed to protect customers from data breaches.Now, those users — past and present — can submit a claim for a piece of that settlement, for up to $2,500, according to a website set up by the plaintiffs. As PYMNTS has reported, Cash App and Block were sued in 2022 for “negligent” behavior i ...

BOSTON, Aug. 09, 2024 (GLOBE NEWSWIRE) -- On behalf of an individual investor, Block & Leviton LLP filed a class action lawsuit today against Nano Nuclear Energy, Inc. (Nasdaq: NNE), along with certain individuals, alleging that they violated federal securities laws by issuing false and misleading statements concerning the company’s business, operations, and prospects. A copy of the Complaint is available on Block & Leviton’s website. The suit alleges that throughout the Class Period, Defendants made false ...

Shares of Block (NASDAQ:SQ) stock are rising 2% today following a notable insider buy.On Aug. 6, Sequoia Capital purchased 434,405 shares of SQ stock at average prices ranging between $56.85 and $57.82. While director Roelof Botha’s name is listed on the Form 4 disclosure, Sequoia made the purchase. The Form 4 is attributed to Botha because he is a partner at Sequoia and also a director at Block.This is the second time that Sequoia, through Botha, has disclosed purchasing SQ during the past year. Its previo ...

CEO Jack Dorsey said the company's latest move could feel "disruptive or uncomfortable" for employees.Block (SQ 0.80%) is in the midst of a shake-up, including a hiring freeze and a business reset. In this latest move, co-founder and CEO Jack Dorsey told employees he plans to restructure Block, warning them that it could feel disruptive.The move is one of many as Dorsey looks to get Block back on a good growth trajectory after years of ballooning expenses. With the stock 79% below its all-time high price of ...