MML Investors Services LLC bought a new position in shares of Blucora Inc (NASDAQ:BCOR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,416 shares of the information services provider’s stock, valued at approximately $540,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. American Century Companies Inc. grew its holdings in Blucora by 1.1% during the 3rd quarter. American Century Companies Inc. now owns 199,240 shares of the information services provider’s stock worth $8,019,000 after acquiring an additional 2,253 shares during the last quarter. Advisory Services Network LLC bought a new stake in Blucora during the 2nd quarter worth approximately $103,000. New York State Teachers Retirement System grew its holdings in Blucora by 2.6% during the 2nd quarter. New York State Teachers Retirement System now owns 129,215 shares of the information services provider’s stock worth $4,781,000 after acquiring an additional 3,330 shares during the last quarter. Rhumbline Advisers grew its holdings in Blucora by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 112,889 shares of the information services provider’s stock worth $4,177,000 after acquiring an additional 3,569 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Blucora by 4.8% during the 2nd quarter. Swiss National Bank now owns 78,000 shares of the information services provider’s stock worth $2,886,000 after acquiring an additional 3,600 shares during the last quarter. 94.59% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on BCOR shares. Zacks Investment Research raised shares of Blucora from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Tuesday, November 6th. BidaskClub lowered shares of Blucora from a “hold” rating to a “sell” rating in a report on Friday, September 7th. JPMorgan Chase & Co. raised shares of Blucora from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $42.00 to $45.00 in a report on Friday, September 28th. ValuEngine lowered shares of Blucora from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. Finally, Barrington Research reissued a “buy” rating and set a $40.00 target price on shares of Blucora in a report on Monday, October 22nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $37.54.
Shares of NASDAQ BCOR opened at $32.05 on Tuesday. The company has a market capitalization of $1.49 billion, a PE ratio of 17.79, a PEG ratio of 1.08 and a beta of 0.18. Blucora Inc has a 52-week low of $19.65 and a 52-week high of $41.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.95 and a current ratio of 2.95.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings results on Wednesday, October 31st. The information services provider reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.10. The firm had revenue of $95.40 million for the quarter, compared to the consensus estimate of $94.36 million. Blucora had a net margin of 13.71% and a return on equity of 14.56%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.12) EPS. On average, equities research analysts expect that Blucora Inc will post 1.63 EPS for the current year.
Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.
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