Robert D. Oros Sells 6,075 Shares of Blucora Inc (BCOR) Stock

Blucora Inc (NASDAQ:BCOR) CEO Robert D. Oros sold 6,075 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $30.31, for a total value of $184,133.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NASDAQ:BCOR opened at $31.91 on Friday. 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 Inc has a one year low of $19.05 and a one year high of $41.35. The stock has a market capitalization of $1.46 billion, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 1.06 and a beta of 0.26.

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

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

Large investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky increased its holdings in Blucora by 3.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 49,955 shares of the information services provider’s stock valued at $2,011,000 after buying an additional 1,809 shares during the last quarter. American Century Companies Inc. increased its holdings in Blucora by 1.1% in the third quarter. American Century Companies Inc. now owns 199,240 shares of the information services provider’s stock valued at $8,019,000 after buying an additional 2,253 shares during the last quarter. Advisory Services Network LLC bought a new stake in Blucora in the second quarter valued at about $103,000. Legal & General Group Plc increased its holdings in Blucora by 2.9% in the first quarter. Legal & General Group Plc now owns 97,001 shares of the information services provider’s stock valued at $2,369,000 after buying an additional 2,761 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in Blucora by 2.6% in the second quarter. New York State Teachers Retirement System now owns 129,215 shares of the information services provider’s stock valued at $4,781,000 after buying an additional 3,330 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

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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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