Legal & General Group Plc boosted its holdings in Blucora Inc (NASDAQ:BCOR) by 18.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,656 shares of the information services provider’s stock after acquiring an additional 13,547 shares during the quarter. Legal & General Group Plc owned 0.19% of Blucora worth $2,167,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its stake in Blucora by 0.6% in the 2nd quarter. BlackRock Inc. now owns 4,950,094 shares of the information services provider’s stock worth $104,942,000 after acquiring an additional 28,279 shares during the last quarter. Vanguard Group Inc. increased 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 acquiring an additional 1,013,363 shares during the last quarter. Numeric Investors LLC increased its stake in Blucora by 9.0% in the 2nd quarter. Numeric Investors LLC now owns 1,630,726 shares of the information services provider’s stock worth $34,571,000 after acquiring an additional 134,700 shares during the last quarter. Renaissance Technologies LLC increased its stake in 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 acquiring an additional 429,600 shares during the last quarter. Finally, State Street Corp increased its stake in Blucora by 10.9% in the 2nd quarter. State Street Corp now owns 1,036,771 shares of the information services provider’s stock worth $21,978,000 after acquiring an additional 101,504 shares during the last quarter. Institutional investors and hedge funds own 90.58% of the company’s stock.
BCOR has been the topic of a number of research analyst reports. Zacks Investment Research lowered Blucora from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. TheStreet cut Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. Benchmark reiterated a “buy” rating and issued a $30.00 price objective on shares of Blucora in a report on Monday, November 20th. BidaskClub cut Blucora from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 6th. Finally, ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Blucora presently has a consensus rating of “Hold” and an average price target of $27.00.
Blucora Inc (BCOR) opened at $23.25 on Friday. Blucora Inc has a fifty-two week low of $14.25 and a fifty-two week 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. The stock has a market capitalization of $1,070.00, a PE ratio of 775.00, a PEG ratio of 0.69 and a beta of -0.32.
Blucora (NASDAQ:BCOR) last issued its earnings results on Thursday, October 26th. The information services provider reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.07. The company had revenue of $90.20 million during the quarter, compared to analysts’ expectations of $89.72 million. Blucora had a positive return on equity of 11.94% and a negative net margin of 0.46%. Blucora’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.24) EPS. research analysts anticipate that Blucora Inc will post 1.14 earnings per share for the current fiscal year.
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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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