Great West Life Assurance Co. Can raised its stake in Blucora, Inc. (NASDAQ:BCOR) by 5.7% during the first quarter, Holdings Channel reports. The firm owned 52,662 shares of the information services provider’s stock after buying an additional 2,857 shares during the period. Great West Life Assurance Co. Can owned approximately 0.13% of Blucora worth $908,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Blucora during the first quarter valued at approximately $2,914,000. Louisiana State Employees Retirement System boosted its position in shares of Blucora by 2.6% in the first quarter. Louisiana State Employees Retirement System now owns 15,800 shares of the information services provider’s stock valued at $273,000 after buying an additional 400 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Blucora by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 83,411 shares of the information services provider’s stock valued at $1,230,000 after buying an additional 873 shares during the last quarter. Norges Bank purchased a new position in shares of Blucora during the fourth quarter valued at approximately $16,561,000. Finally, Numeric Investors LLC boosted its position in shares of Blucora by 42.9% in the fourth quarter. Numeric Investors LLC now owns 824,352 shares of the information services provider’s stock valued at $12,159,000 after buying an additional 247,552 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.
Blucora, Inc. (BCOR) opened at 21.15 on Friday. Blucora, Inc. has a 12 month low of $8.77 and a 12 month high of $21.75. The stock has a 50 day moving average of $20.53 and a 200 day moving average of $17.00. The firm’s market capitalization is $909.01 million.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings results on Thursday, May 4th. The information services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.09. Blucora had a negative net margin of 12.11% and a positive return on equity of 6.59%. The firm had revenue of $182.40 million for the quarter, compared to the consensus estimate of $179.29 million. During the same period in the prior year, the firm posted $0.94 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities analysts predict that Blucora, Inc. will post $1.38 earnings per share for the current fiscal year.
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BCOR has been the subject of several analyst reports. Benchmark Co. boosted their target price on shares of Blucora from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, February 17th. TheStreet upgraded shares of Blucora from a “d+” rating to a “c-” rating in a research report on Friday, February 17th. Zacks Investment Research cut shares of Blucora from a “hold” rating to a “strong sell” rating in a research report on Friday, February 24th. Standpoint Research cut shares of Blucora from a “buy” rating to a “hold” rating in a research report on Friday, March 3rd. Finally, Craig Hallum initiated coverage on shares of Blucora in a research report on Wednesday, April 19th. They issued a “buy” rating and a $25.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $23.00.
In related news, insider Mark A. Finkelstein sold 57,029 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $20.46, for a total value of $1,166,813.34. Following the sale, the insider now directly owns 174,631 shares of the company’s stock, valued at $3,572,950.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew Miles Snyder sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $16.09, for a total transaction of $160,900.00. Following the completion of the sale, the director now directly owns 43,910 shares in the company, valued at $706,511.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 926,553 shares of company stock worth $17,723,051. Insiders own 14.10% of the company’s stock.
Blucora Company Profile
Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.
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