Blucora (NASDAQ:BCOR) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Blucora (NASDAQ:BCOR) from a sell rating to a hold rating in a research note issued to investors on Saturday morning, ValuEngine reports.

A number of other equities analysts also recently commented on the stock. Barrington Research restated a buy rating and issued a $36.00 target price on shares of Blucora in a research note on Monday, August 12th. Zacks Investment Research downgraded shares of Blucora from a hold rating to a sell rating in a research note on Monday, August 12th. Finally, BidaskClub upgraded shares of Blucora from a strong sell rating to a sell rating in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $38.00.

Shares of BCOR stock opened at $21.81 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market capitalization of $1.04 billion, a P/E ratio of 14.35, a P/E/G ratio of 0.76 and a beta of 0.73. The company’s 50-day simple moving average is $23.79 and its two-hundred day simple moving average is $29.67. Blucora has a one year low of $20.82 and a one year high of $41.35.

Blucora (NASDAQ:BCOR) last issued its earnings results on Wednesday, August 7th. The information services provider reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.12. The business had revenue of $193.70 million for the quarter, compared to the consensus estimate of $191.26 million. Blucora had a net margin of 10.27% and a return on equity of 14.94%. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. On average, research analysts expect that Blucora will post 1.67 EPS for the current fiscal year.

In other news, CEO John S. Clendening sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $29.23, for a total transaction of $292,300.00. Following the transaction, the chief executive officer now directly owns 721,217 shares in the company, valued at $21,081,172.91. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.40% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hancock Whitney Corp boosted its stake in shares of Blucora by 2.3% during the first quarter. Hancock Whitney Corp now owns 219,230 shares of the information services provider’s stock valued at $7,317,000 after purchasing an additional 4,981 shares in the last quarter. BBT Capital Management LLC bought a new position in shares of Blucora during the second quarter valued at approximately $567,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Blucora by 9.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 124,047 shares of the information services provider’s stock valued at $4,138,000 after purchasing an additional 10,206 shares in the last quarter. Comerica Bank boosted its stake in shares of Blucora by 2.2% during the first quarter. Comerica Bank now owns 48,204 shares of the information services provider’s stock valued at $1,674,000 after purchasing an additional 1,052 shares in the last quarter. Finally, First Hawaiian Bank boosted its stake in shares of Blucora by 27.9% during the second quarter. First Hawaiian Bank now owns 10,500 shares of the information services provider’s stock valued at $319,000 after purchasing an additional 2,290 shares in the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Blucora Company Profile

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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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