Blucora Inc (BCOR) Insider Michael P. Hogan Purchases 7,874 Shares

Blucora Inc (NASDAQ:BCOR) insider Michael P. Hogan bought 7,874 shares of Blucora stock in a transaction that occurred on Tuesday, November 6th. The shares were acquired at an average price of $30.52 per share, with a total value of $240,314.48. Following the completion of the transaction, the insider now owns 15,990 shares of the company’s stock, valued at $488,014.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of BCOR traded up $1.08 during midday trading on Wednesday, reaching $31.50. The stock had a trading volume of 190,379 shares, compared to its average volume of 401,055. Blucora Inc has a 12-month low of $19.05 and a 12-month high of $41.35. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.45 billion, a P/E ratio of 25.82, a PEG ratio of 1.07 and a beta of 0.26.

Blucora (NASDAQ:BCOR) last posted its quarterly earnings data on Wednesday, October 31st. The information services provider reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.10. Blucora had a return on equity of 14.56% and a net margin of 13.71%. The firm had revenue of $95.40 million during the quarter, compared to analysts’ expectations of $94.36 million. During the same period in the prior year, the business earned ($0.12) EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that Blucora Inc will post 1.63 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Castleark Management LLC purchased a new position in shares of Blucora in the 2nd quarter worth about $7,080,000. Glenmede Trust Co. NA boosted its holdings in shares of Blucora by 209.5% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,188,640 shares of the information services provider’s stock worth $43,980,000 after purchasing an additional 804,545 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Blucora by 5.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 110,644 shares of the information services provider’s stock worth $4,094,000 after purchasing an additional 5,870 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Blucora by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 112,889 shares of the information services provider’s stock worth $4,177,000 after purchasing an additional 3,569 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Blucora in the 2nd quarter worth about $237,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Several equities analysts recently commented on the company. BidaskClub cut Blucora from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 17th. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Tuesday. ValuEngine cut Blucora from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. JPMorgan Chase & Co. assumed coverage on Blucora in a research report on Thursday, July 12th. They set a “neutral” rating and a $42.00 target price for the company. Finally, Barrington Research restated a “buy” rating and set a $40.00 target price on shares of Blucora in a research report on Monday, October 22nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.54.

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About Blucora

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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Insider Buying and Selling by Quarter for Blucora (NASDAQ:BCOR)

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