Thrivent Financial For Lutherans boosted its position in shares of Blucora, Inc. (NASDAQ:BCOR) by 5.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,970 shares of the information services provider’s stock after buying an additional 1,230 shares during the period. Thrivent Financial For Lutherans owned about 0.05% of Blucora worth $380,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCOR. Norges Bank purchased a new position in Blucora during the fourth quarter worth approximately $16,561,000. EAM Investors LLC purchased a new position in Blucora during the first quarter worth approximately $3,543,000. Russell Investments Group Ltd. purchased a new position in Blucora during the first quarter worth approximately $2,914,000. Prudential Financial Inc. raised its position in Blucora by 256.6% in the first quarter. Prudential Financial Inc. now owns 232,284 shares of the information services provider’s stock worth $4,019,000 after buying an additional 167,148 shares during the period. Finally, Wellington Management Group LLP raised its position in Blucora by 2.3% in the first quarter. Wellington Management Group LLP now owns 5,386,552 shares of the information services provider’s stock worth $93,187,000 after buying an additional 121,564 shares during the period. Hedge funds and other institutional investors own 84.51% of the company’s stock.
Shares of Blucora, Inc. (NASDAQ BCOR) traded down 0.22% on Friday, reaching $22.75. 298,450 shares of the company traded hands. The stock has a 50-day moving average price of $21.68 and a 200 day moving average price of $19.09. The firm’s market capitalization is $1.02 billion. Blucora, Inc. has a 1-year low of $10.22 and a 1-year high of $24.00.
Blucora (NASDAQ:BCOR) last posted its earnings results on Thursday, July 27th. The information services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.04. The company had revenue of $139.20 million during the quarter, compared to analysts’ expectations of $136.07 million. Blucora had a negative net margin of 8.03% and a positive return on equity of 11.92%. Blucora’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company posted $0.55 earnings per share. Analysts anticipate that Blucora, Inc. will post $1.36 EPS for the current fiscal year.
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A number of research analysts have recently commented on BCOR shares. Zacks Investment Research lowered shares of Blucora from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 11th. Barrington Research boosted their price target on shares of Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. ValuEngine upgraded shares of Blucora from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Benchmark Co. upped their target price on shares of Blucora from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Finally, BidaskClub upgraded shares of Blucora from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $25.50.
In other Blucora news, Director Andrew Miles Snyder sold 27,100 shares of Blucora stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $20.67, for a total value of $560,157.00. Following the completion of the transaction, the director now directly owns 55,010 shares of the company’s stock, valued at approximately $1,137,056.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eric Michael Emans sold 89,800 shares of Blucora stock in a transaction on Monday, June 19th. The stock was sold at an average price of $21.65, for a total transaction of $1,944,170.00. Following the completion of the transaction, the chief financial officer now directly owns 154,897 shares of the company’s stock, valued at $3,353,520.05. The disclosure for this sale can be found here. Insiders have sold 354,010 shares of company stock valued at $7,442,690 over the last ninety days. 14.10% of the stock is currently owned by corporate insiders.
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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