Swiss National Bank lifted its position in Blucora Inc (NASDAQ:BCOR) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,700 shares of the information services provider’s stock after purchasing an additional 6,800 shares during the quarter. Swiss National Bank owned about 0.16% of Blucora worth $1,607,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in BCOR. Sei Investments Co. raised its stake in shares of Blucora by 15,869.2% in the third quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock worth $110,000 after purchasing an additional 4,126 shares during the last quarter. US Bancorp DE raised its stake in shares of Blucora by 697.0% in the fourth quarter. US Bancorp DE now owns 8,185 shares of the information services provider’s stock worth $181,000 after purchasing an additional 7,158 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Blucora in the third quarter worth about $201,000. Crossmark Global Holdings Inc. purchased a new position in shares of Blucora in the third quarter worth about $204,000. Finally, AMP Capital Investors Ltd purchased a new position in shares of Blucora in the third quarter worth about $217,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.
Blucora Inc (BCOR) traded up $0.15 during trading on Tuesday, reaching $24.25. The company had a trading volume of 36,334 shares, compared to its average volume of 372,033. The firm has a market capitalization of $1,149.08, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 0.80 and a beta of -0.10. Blucora Inc has a 12-month low of $16.23 and a 12-month high of $26.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.92 and a current ratio of 1.92.
Blucora (NASDAQ:BCOR) last posted its earnings results on Thursday, February 15th. The information services provider reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.13. The firm had revenue of $97.85 million for the quarter, compared to analyst estimates of $91.99 million. Blucora had a return on equity of 11.22% and a net margin of 5.31%. Blucora’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the company earned ($0.18) earnings per share. sell-side analysts anticipate that Blucora Inc will post 1.54 earnings per share for the current fiscal year.
In other Blucora news, insider John S. Clendening sold 28,800 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $24.85, for a total value of $715,680.00. Following the sale, the insider now directly owns 645,548 shares of the company’s stock, valued at $16,041,867.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Mathieu Frederic Stevenson sold 33,572 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $24.03, for a total value of $806,735.16. Following the completion of the sale, the chief marketing officer now directly owns 58,882 shares in the company, valued at $1,414,934.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,272 shares of company stock worth $4,273,842. 14.10% of the stock is owned by corporate insiders.
Several research analysts have recently issued reports on BCOR shares. Benchmark restated a “buy” rating and issued a $30.00 price objective on shares of Blucora in a research note on Monday, November 20th. BidaskClub cut Blucora from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 6th. Zacks Investment Research cut Blucora from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, TheStreet raised Blucora from a “c” rating to a “b” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $25.25.
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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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