Marshall Wace LLP Takes Position in Blucora Inc (BCOR)

Marshall Wace LLP purchased a new stake in shares of Blucora Inc (NASDAQ:BCOR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 77,164 shares of the information services provider’s stock, valued at approximately $3,106,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. acquired a new position in shares of Blucora during the third quarter valued at $214,000. CIBC Asset Management Inc acquired a new position in Blucora in the second quarter valued at about $214,000. D.A. Davidson & CO. acquired a new position in Blucora in the third quarter valued at about $250,000. Tower Research Capital LLC TRC acquired a new position in Blucora in the second quarter valued at about $237,000. Finally, Lombard Odier Asset Management USA Corp acquired a new position in Blucora in the third quarter valued at about $263,000. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Blucora stock opened at $27.32 on Friday. Blucora Inc has a 1 year low of $21.15 and a 1 year high of $41.35. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 0.95 and a beta of 0.18. The company has a quick ratio of 2.95, a current 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) earnings per share (EPS) for the quarter, topping the 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 company had revenue of $95.40 million during the quarter, compared to the consensus estimate of $94.36 million. During the same period in the prior year, the company earned ($0.12) earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts predict that Blucora Inc will post 1.63 EPS for the current fiscal year.

Several research firms have weighed in on BCOR. Zacks Investment Research raised Blucora from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Tuesday, November 6th. ValuEngine lowered Blucora from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 1st. Barrington Research reissued a “buy” rating and issued a $40.00 target price on shares of Blucora in a research note on Monday, October 22nd. BidaskClub raised Blucora from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. raised Blucora from a “neutral” rating to an “overweight” rating and increased their target price for the company from $42.00 to $45.00 in a research note on Friday, September 28th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Blucora presently has a consensus rating of “Buy” and an average price target of $37.54.

In other Blucora news, insider John S. Clendening sold 65,500 shares of the stock in a transaction dated Friday, October 12th. The stock was sold at an average price of $33.08, for a total value of $2,166,740.00. Following the completion of the sale, the insider now directly owns 666,799 shares in the company, valued at $22,057,710.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lance G. Dunn sold 27,000 shares of the stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $38.25, for a total value of $1,032,750.00. The disclosure for this sale can be found here. Insiders sold 118,733 shares of company stock valued at $4,016,181 over the last 90 days. Corporate insiders own 2.91% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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