Public Sector Pension investment Board lowered its position in shares of Blucora, Inc. (NASDAQ:BCOR) by 29.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,998 shares of the information services provider’s stock after selling 8,200 shares during the quarter. Public Sector Pension investment Board’s holdings in Blucora were worth $424,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mason Street Advisors LLC raised its stake in Blucora by 8.0% during the first quarter. Mason Street Advisors LLC now owns 9,054 shares of the information services provider’s stock valued at $157,000 after buying an additional 667 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Blucora by 82.9% during the second quarter. State of Alaska Department of Revenue now owns 7,809 shares of the information services provider’s stock valued at $165,000 after buying an additional 3,539 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Blucora during the first quarter valued at approximately $176,000. Two Sigma Securities LLC acquired a new stake in Blucora during the first quarter valued at approximately $180,000. Finally, Municipal Employees Retirement System of Michigan raised its stake in Blucora by 7.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,340 shares of the information services provider’s stock valued at $198,000 after buying an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 90.15% of the company’s stock.
Shares of Blucora, Inc. (NASDAQ:BCOR) opened at 25.45 on Thursday. The stock’s 50 day moving average price is $24.20 and its 200-day moving average price is $21.33. Blucora, Inc. has a 12 month low of $10.98 and a 12 month high of $26.15. The firm’s market capitalization is $1.14 billion.
Blucora (NASDAQ:BCOR) last released its quarterly earnings data on Thursday, July 27th. The information services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. The company had revenue of $139.20 million for the quarter, compared to the consensus estimate of $136.07 million. Blucora had a positive return on equity of 11.92% and a negative net margin of 8.03%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. On average, equities analysts anticipate that Blucora, Inc. will post $1.36 earnings per share for the current fiscal year.
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Several brokerages have issued reports on BCOR. Zacks Investment Research cut Blucora from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. ValuEngine cut Blucora from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Barrington Research upped their price objective on Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, BidaskClub upgraded Blucora from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Blucora currently has a consensus rating of “Buy” and an average price target of $25.50.
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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