New York State Common Retirement Fund raised its holdings in Blucora, Inc. (NASDAQ:BCOR) by 13.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,029 shares of the information services provider’s stock after purchasing an additional 7,399 shares during the quarter. New York State Common Retirement Fund owned about 0.14% of Blucora worth $1,315,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of BCOR. UBS Asset Management Americas Inc. increased its stake in Blucora by 43.4% in the first quarter. UBS Asset Management Americas Inc. now owns 18,499 shares of the information services provider’s stock valued at $320,000 after purchasing an additional 5,600 shares during the period. Karp Capital Management Corp acquired a new position in Blucora in the first quarter valued at $227,000. Parametric Portfolio Associates LLC increased its stake in Blucora by 7.7% in the first quarter. Parametric Portfolio Associates LLC now owns 138,872 shares of the information services provider’s stock valued at $2,402,000 after purchasing an additional 9,875 shares during the period. Arizona State Retirement System increased its stake in Blucora by 2.5% in the first quarter. Arizona State Retirement System now owns 20,217 shares of the information services provider’s stock valued at $350,000 after purchasing an additional 500 shares during the period. Finally, Credit Agricole S A increased its stake in Blucora by 30,966.7% in the first quarter. Credit Agricole S A now owns 932 shares of the information services provider’s stock valued at $356,000 after purchasing an additional 929 shares during the period. Institutional investors own 90.39% of the company’s stock.
Blucora, Inc. (BCOR) opened at 21.70 on Wednesday. Blucora, Inc. has a 52 week low of $12.40 and a 52 week high of $26.15. The firm’s market capitalization is $975.00 million. The stock’s 50 day moving average is $24.70 and its 200-day moving average is $22.05.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.07. The firm had revenue of $90.20 million for the quarter, compared to the consensus estimate of $89.72 million. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. Blucora’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.24) EPS. On average, equities research analysts expect that Blucora, Inc. will post $1.38 EPS for the current year.
A number of research analysts have commented on the stock. ValuEngine lowered shares of Blucora from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research lowered shares of Blucora from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. BidaskClub upgraded shares of Blucora from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, Barrington Research lifted their price objective on shares of Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Blucora currently has an average rating of “Buy” and an average target price 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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