Wells Fargo & Company MN reduced its position in Liberty Tax, Inc. (NASDAQ:TAX) by 4.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 449,083 shares of the business services provider’s stock after selling 21,995 shares during the period. Wells Fargo & Company MN owned about 3.24% of Liberty Tax worth $5,816,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of TAX. Creative Planning lifted its position in Liberty Tax by 14,900.0% during the second quarter. Creative Planning now owns 15,000 shares of the business services provider’s stock worth $194,000 after acquiring an additional 14,900 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Liberty Tax during the first quarter worth approximately $226,000. TIAA CREF Investment Management LLC lifted its position in Liberty Tax by 4.4% during the first quarter. TIAA CREF Investment Management LLC now owns 18,876 shares of the business services provider’s stock worth $269,000 after acquiring an additional 795 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Liberty Tax by 28.3% during the first quarter. Goldman Sachs Group Inc. now owns 19,055 shares of the business services provider’s stock worth $272,000 after acquiring an additional 4,200 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Liberty Tax during the second quarter worth approximately $288,000. Institutional investors and hedge funds own 45.95% of the company’s stock.
Several brokerages have issued reports on TAX. Zacks Investment Research upgraded shares of Liberty Tax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 16th. ValuEngine downgraded shares of Liberty Tax from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
Shares of Liberty Tax, Inc. (NASDAQ:TAX) opened at 14.20 on Wednesday. Liberty Tax, Inc. has a 12 month low of $10.88 and a 12 month high of $16.20. The firm’s 50-day moving average is $14.02 and its 200 day moving average is $13.91. The firm has a market capitalization of $197.12 million, a P/E ratio of 15.54 and a beta of 0.84.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 23rd. Stockholders of record on Friday, October 13th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Thursday, October 12th. Liberty Tax’s dividend payout ratio is currently 80.00%.
Liberty Tax Profile
Liberty Tax, Inc is the holding company for JTH Tax, Inc The Company is a provider of tax preparation services. The Company provides retail federal and state income tax preparation services and related tax settlement products in the United States and Canada. The Company’s tax preparation services and related tax settlement products are offered primarily through franchised locations.
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