State Board of Administration of Florida Retirement System lessened its stake in shares of Blucora, Inc. (NASDAQ:BCOR) by 51.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,768 shares of the information services provider’s stock after selling 39,372 shares during the period. State Board of Administration of Florida Retirement System owned 0.08% of Blucora worth $956,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. acquired a new position in shares of Blucora during the 3rd quarter worth about $124,000. State of Alaska Department of Revenue raised its position in shares of Blucora by 82.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,809 shares of the information services provider’s stock worth $165,000 after purchasing an additional 3,539 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Blucora during the 2nd quarter worth about $179,000. Municipal Employees Retirement System of Michigan raised its position in shares of Blucora by 7.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,340 shares of the information services provider’s stock worth $198,000 after purchasing an additional 620 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Blucora during the 3rd quarter worth about $204,000. Hedge funds and other institutional investors own 87.04% of the company’s stock.
Several research analysts recently weighed in on BCOR shares. Zacks Investment Research downgraded shares of Blucora from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Barrington Research upped their price target on shares of Blucora from $23.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. TheStreet downgraded shares of Blucora from a “b-” rating to a “c” rating in a research report on Monday, October 30th. ValuEngine downgraded shares of Blucora from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, BidaskClub raised shares of Blucora from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Blucora has an average rating of “Buy” and a consensus price target of $25.25.
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Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.07. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The company had revenue of $90.20 million during the quarter, compared to analysts’ expectations of $89.72 million. During the same quarter in the prior year, the company earned ($0.24) EPS. Blucora’s revenue was up 8.4% compared to the same quarter last year. equities analysts expect that Blucora, Inc. will post 1.14 earnings per share for the current year.
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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