On August 19, 2024, Kellie Logerwell, Vice President and Chief Accounting Officer of H&R Block Inc (NYSE:HRB), completed a sale of 9,846 shares of the company’s stock. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 25,028,296 shares of H&R Block Inc.

H&R Block Inc. is a global provider of consumer tax services. The company helps customers prepare, file and advise on their tax returns through multiple platforms, including in-person, online and mobile applications. The company’s tax professionals are trained to handle a wide range of tax situations and provide an important service to millions of people each year.

Over the past year, Kellie Logerwell has sold a total of 17,846 shares and purchased no shares of the company’s stock. This latest sale continues a trend seen in H&R Block Inc.’s insider transaction history, which shows a total of 8 insider sales and no insider purchases over the past year.

H&R Block Inc. shares traded at $65 on the day of the sale, giving the company a market capitalization of around $9.30 billion. The stock’s price-to-earnings ratio is 15.78, just below the industry average of 16.08, suggesting a potentially lower valuation compared to peers.

According to GF Value, H&R Block Inc.’s intrinsic value is estimated at $44.87 per share, suggesting that the stock is significantly overvalued with a price-to-GF Value ratio of 1.45. GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and estimates of future business performance provided by Morningstar analysts.

This insider sale could attract the attention of current and potential investors, especially given the company’s valuation metrics and recent trading price relative to its GF Value.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.