Blucora, Inc. (BCOR) Shares Bought by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan grew its holdings in shares of Blucora, Inc. (NASDAQ:BCOR) by 81.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,910 shares of the information services provider’s stock after purchasing an additional 7,570 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Blucora were worth $428,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in BCOR. Vanguard Group Inc. increased its position in shares of Blucora by 28.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,629,622 shares of the information services provider’s stock valued at $98,148,000 after purchasing an additional 1,013,363 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Blucora by 996.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 494,428 shares of the information services provider’s stock valued at $10,482,000 after purchasing an additional 449,328 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Blucora by 36.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,615,200 shares of the information services provider’s stock valued at $34,242,000 after purchasing an additional 429,600 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Blucora by 304.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 517,475 shares of the information services provider’s stock valued at $10,971,000 after purchasing an additional 389,529 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Blucora by 156.6% during the 2nd quarter. Prudential Financial Inc. now owns 596,093 shares of the information services provider’s stock valued at $12,638,000 after purchasing an additional 363,809 shares during the last quarter. 89.31% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Blucora from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. BidaskClub raised Blucora from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. TheStreet lowered Blucora from a “b-” rating to a “c” rating in a research report on Monday, October 30th. Finally, Benchmark reaffirmed a “buy” rating and set a $30.00 target price on shares of Blucora in a research report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.00.

Shares of Blucora, Inc. (NASDAQ:BCOR) opened at $20.25 on Friday. Blucora, Inc. has a twelve month low of $14.25 and a twelve month high of $26.15. The firm has a market capitalization of $913.29, a PE ratio of 15.59, a P/E/G ratio of 0.87 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 quarterly earnings data on Thursday, October 26th. The information services provider reported ($0.12) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $90.20 million during the quarter, compared to analyst estimates of $89.72 million. During the same quarter last year, the firm posted ($0.24) EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. analysts forecast that Blucora, Inc. will post 1.14 earnings per share for the current year.

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About Blucora

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)

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