State Board of Administration of Florida Retirement System Sells 39,372 Shares of Blucora, Inc. (BCOR)

State Board of Administration of Florida Retirement System lowered its holdings in shares of Blucora, Inc. (NASDAQ:BCOR) by 51.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,768 shares of the information services provider’s stock after selling 39,372 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.08% of Blucora worth $956,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BCOR. UBS Asset Management Americas Inc. boosted its position in Blucora by 43.4% during the first quarter. UBS Asset Management Americas Inc. now owns 18,499 shares of the information services provider’s stock worth $320,000 after purchasing an additional 5,600 shares in the last quarter. California Public Employees Retirement System boosted its position in Blucora by 8.5% during the first quarter. California Public Employees Retirement System now owns 49,800 shares of the information services provider’s stock worth $862,000 after purchasing an additional 3,900 shares in the last quarter. Legal & General Group Plc boosted its position in Blucora by 1.5% during the first quarter. Legal & General Group Plc now owns 64,776 shares of the information services provider’s stock worth $1,121,000 after purchasing an additional 937 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in Blucora by 5.9% during the first quarter. Thrivent Financial For Lutherans now owns 21,970 shares of the information services provider’s stock worth $380,000 after purchasing an additional 1,230 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Blucora by 8.0% during the first quarter. Vanguard Group Inc. now owns 3,616,259 shares of the information services provider’s stock worth $62,562,000 after purchasing an additional 268,209 shares in the last quarter. Institutional investors own 89.31% of the company’s stock.

Shares of Blucora, Inc. (NASDAQ BCOR) traded down $0.40 during trading on Monday, hitting $19.95. The company’s stock had a trading volume of 356,042 shares, compared to its average volume of 452,416. Blucora, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $26.15. The firm has a market capitalization of $938.66, a PE ratio of 16.02, a P/E/G ratio of 0.89 and a beta of -0.32. 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 announced its earnings results on Thursday, October 26th. The information services provider reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.07. Blucora had a positive return on equity of 11.94% and a negative net margin of 0.46%. The business had revenue of $90.20 million during the quarter, compared to analysts’ expectations of $89.72 million. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. equities analysts forecast that Blucora, Inc. will post 1.14 EPS for the current fiscal year.

A number of brokerages have issued reports on BCOR. Benchmark reiterated a “buy” rating and set a $30.00 price target on shares of Blucora in a research report on Monday, November 20th. Zacks Investment Research raised Blucora from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a report on Wednesday, November 1st. BidaskClub raised Blucora from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Finally, TheStreet cut Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $27.00.

TRADEMARK VIOLATION WARNING: “State Board of Administration of Florida Retirement System Sells 39,372 Shares of Blucora, Inc. (BCOR)” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/12/04/blucora-inc-bcor-shares-sold-by-state-board-of-administration-of-florida-retirement-system.html.

Blucora 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.

Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

Receive News & Ratings for Blucora Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blucora Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply