Rhumbline Advisers boosted its position in Blucora, Inc. (NASDAQ:BCOR) by 7.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,720 shares of the information services provider’s stock after purchasing an additional 6,455 shares during the quarter. Rhumbline Advisers owned about 0.19% of Blucora worth $2,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Blucora by 28.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,629,622 shares of the information services provider’s stock worth $98,148,000 after purchasing an additional 1,013,363 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Blucora by 156.6% in the 2nd quarter. Prudential Financial Inc. now owns 596,093 shares of the information services provider’s stock worth $12,638,000 after buying an additional 363,809 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Blucora by 1.0% in the 2nd quarter. Teachers Advisors LLC now owns 74,603 shares of the information services provider’s stock worth $1,582,000 after buying an additional 717 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Blucora by 231.4% in the 2nd quarter. Alliancebernstein L.P. now owns 175,730 shares of the information services provider’s stock worth $3,725,000 after buying an additional 122,710 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Blucora by 36.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,615,200 shares of the information services provider’s stock worth $34,242,000 after buying an additional 429,600 shares during the last quarter. Institutional investors and hedge funds own 90.73% of the company’s stock.
Blucora, Inc. (NASDAQ:BCOR) opened at $21.55 on Tuesday. The company has a market cap of $950.20, a price-to-earnings ratio of 15.91, a PEG ratio of 0.89 and a beta of -0.32. Blucora, Inc. has a twelve month low of $14.25 and a twelve month high of $26.15. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.65.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.07. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The firm had revenue of $90.20 million for the quarter, compared to analyst estimates of $89.72 million. During the same quarter in the prior year, the firm earned ($0.24) EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. equities research analysts expect that Blucora, Inc. will post 1.14 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on BCOR shares. Zacks Investment Research lowered shares of Blucora from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Benchmark reissued a “buy” rating and issued a $30.00 price target on shares of Blucora in a report on Monday, November 20th. BidaskClub lowered shares of Blucora from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 6th. Finally, TheStreet lowered shares of Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $27.00.
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Blucora Company Profile
Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.
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