SG Americas Securities LLC Has $3.12 Million Holdings in Blucora Inc (BCOR)

SG Americas Securities LLC grew its stake in Blucora Inc (NASDAQ:BCOR) by 245.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 77,398 shares of the information services provider’s stock after purchasing an additional 55,005 shares during the quarter. SG Americas Securities LLC’s holdings in Blucora were worth $3,115,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new position in Blucora in the 1st quarter valued at approximately $403,000. Principal Financial Group Inc. increased its stake in Blucora by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 431,545 shares of the information services provider’s stock valued at $10,616,000 after buying an additional 13,123 shares during the period. Xact Kapitalforvaltning AB acquired a new position in Blucora in the 2nd quarter valued at approximately $278,000. Amalgamated Bank acquired a new position in Blucora in the 2nd quarter valued at approximately $274,000. Finally, Sawgrass Asset Management LLC acquired a new position in Blucora in the 2nd quarter valued at approximately $329,000. 95.42% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider John S. Clendening sold 65,500 shares of the stock in a transaction on Friday, October 12th. The shares were sold at an average price of $33.08, for a total transaction of $2,166,740.00. Following the transaction, the insider now owns 666,799 shares in the company, valued at approximately $22,057,710.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lance G. Dunn sold 27,000 shares of the stock in a transaction on Friday, September 28th. The stock was sold at an average price of $38.25, for a total transaction of $1,032,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,733 shares of company stock worth $4,016,181. 2.91% of the stock is currently owned by company insiders.

Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Blucora from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. upgraded shares of Blucora from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $42.00 to $45.00 in a research note on Friday, September 28th. Zacks Investment Research upgraded shares of Blucora from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Monday, August 6th. Barrington Research reiterated a “buy” rating and issued a $40.00 price objective on shares of Blucora in a research note on Monday, October 22nd. Finally, ValuEngine lowered shares of Blucora from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 1st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $37.54.

Shares of BCOR opened at $29.15 on Friday. Blucora Inc has a 12 month low of $19.65 and a 12 month high of $41.35. The firm has a market cap of $1.40 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 1.02 and a beta of 0.26. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.42.

Blucora (NASDAQ:BCOR) last announced 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 net margin of 13.71% and a return on equity of 14.56%. The company had revenue of $95.40 million for the quarter, compared to analyst estimates of $94.36 million. During the same quarter in the prior year, the business posted ($0.12) EPS. Blucora’s quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts forecast that Blucora Inc will post 1.63 earnings per share for the current fiscal year.

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Blucora 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.

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Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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