Shares of Liberty Tax Service (NASDAQ:TAX) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Liberty Tax Service’s rating score has declined by 200% in the last 90 days as a result of a number of analysts’ ratings changes.
Zacks has also given Liberty Tax Service an industry rank of 126 out of 265 based on the ratings given to related companies.
A number of brokerages have weighed in on TAX. ValuEngine cut Liberty Tax Service from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Barrington Research cut Liberty Tax Service from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 20th. Finally, Zacks Investment Research raised Liberty Tax Service from a “sell” rating to a “hold” rating in a research report on Friday, February 16th.
NASDAQ TAX traded down $0.10 on Wednesday, reaching $10.00. The stock had a trading volume of 42,155 shares, compared to its average volume of 75,609. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.07 and a quick ratio of 3.07. Liberty Tax Service has a 1 year low of $7.75 and a 1 year high of $15.00. The company has a market capitalization of $128.10, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 0.84 and a beta of 0.71.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 24th. Shareholders of record on Thursday, April 12th will be given a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, April 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.40%. Liberty Tax Service’s dividend payout ratio is currently 55.65%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Liberty Tax Service by 88.3% in the 4th quarter. Geode Capital Management LLC now owns 143,049 shares of the business services provider’s stock valued at $1,572,000 after acquiring an additional 67,063 shares in the last quarter. Martingale Asset Management L P raised its holdings in Liberty Tax Service by 155.7% in the 4th quarter. Martingale Asset Management L P now owns 85,436 shares of the business services provider’s stock valued at $940,000 after acquiring an additional 52,025 shares in the last quarter. Two Sigma Investments LP raised its holdings in Liberty Tax Service by 425.4% in the 4th quarter. Two Sigma Investments LP now owns 59,528 shares of the business services provider’s stock valued at $655,000 after acquiring an additional 48,198 shares in the last quarter. Schwerin Boyle Capital Management Inc. raised its holdings in Liberty Tax Service by 14.3% in the 4th quarter. Schwerin Boyle Capital Management Inc. now owns 356,440 shares of the business services provider’s stock valued at $3,921,000 after acquiring an additional 44,560 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new position in Liberty Tax Service in the 3rd quarter valued at approximately $487,000. 48.00% of the stock is owned by institutional investors and hedge funds.
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About Liberty Tax Service
Liberty Tax, Inc, together with its subsidiaries, provides tax preparation services and solutions in the United States and Canada. The company also facilitates refund-based tax settlement financial products, such as refund transfer products, refund-based loans, and personal income tax refund discounting, as well as provides an online digital Do-It-Yourself tax program in the United States.
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