Blucora, Inc. (NASDAQ:BCOR) Position Increased by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in Blucora, Inc. (NASDAQ:BCOR) by 82.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,809 shares of the information services provider’s stock after buying an additional 3,539 shares during the period. State of Alaska Department of Revenue’s holdings in Blucora were worth $165,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Mason Street Advisors LLC boosted its position in Blucora by 8.0% in the first quarter. Mason Street Advisors LLC now owns 9,054 shares of the information services provider’s stock worth $157,000 after buying an additional 667 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Blucora during the first quarter worth about $176,000. Two Sigma Securities LLC purchased a new position in Blucora during the first quarter worth about $180,000. BNP Paribas Arbitrage SA boosted its position in Blucora by 13.0% in the first quarter. BNP Paribas Arbitrage SA now owns 11,758 shares of the information services provider’s stock worth $203,000 after buying an additional 1,350 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in Blucora during the first quarter worth about $227,000. Institutional investors and hedge funds own 84.51% of the company’s stock.

Shares of Blucora, Inc. (NASDAQ:BCOR) opened at 22.75 on Friday. The stock’s market capitalization is $1.02 billion. The company’s 50-day moving average price is $21.68 and its 200 day moving average price is $19.09. Blucora, Inc. has a one year low of $10.22 and a one year high of $24.00.

Blucora (NASDAQ:BCOR) last released its quarterly earnings results on Thursday, July 27th. The information services provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.04. The company had revenue of $139.20 million during the quarter, compared to analyst estimates of $136.07 million. Blucora had a positive return on equity of 11.92% and a negative net margin of 8.03%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. Analysts anticipate that Blucora, Inc. will post $1.36 EPS for the current year.

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A number of equities analysts have recently issued reports on the company. Craig Hallum reiterated a “buy” rating on shares of Blucora in a report on Thursday, May 4th. BidaskClub upgraded Blucora from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, August 2nd. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Benchmark Co. increased their target price on Blucora from $19.00 to $23.00 and gave the company a “buy” rating in a report on Friday, May 5th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $25.50.

In related news, CFO Eric Michael Emans sold 89,800 shares of Blucora stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $21.65, for a total value of $1,944,170.00. Following the completion of the transaction, the chief financial officer now owns 154,897 shares in the company, valued at $3,353,520.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew Miles Snyder sold 27,100 shares of Blucora stock in a transaction dated Tuesday, May 23rd. The stock was 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 owns 55,010 shares of the company’s stock, valued at approximately $1,137,056.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 354,010 shares of company stock valued at $7,442,690. 14.10% of the stock is currently owned by company insiders.

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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