Legal & General Group Plc raised its position in Blucora, Inc. (NASDAQ:BCOR) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,776 shares of the information services provider’s stock after buying an additional 937 shares during the period. Legal & General Group Plc owned 0.15% of Blucora worth $1,121,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Blucora by 2.3% in the first quarter. Wellington Management Group LLP now owns 5,386,552 shares of the information services provider’s stock worth $93,187,000 after buying an additional 121,564 shares during the period. First Trust Advisors LP raised its position in Blucora by 7.3% in the first quarter. First Trust Advisors LP now owns 1,771,553 shares of the information services provider’s stock worth $30,648,000 after buying an additional 120,372 shares during the period. Norges Bank acquired a new position in Blucora during the fourth quarter worth $16,561,000. State Street Corp raised its position in Blucora by 7.0% in the fourth quarter. State Street Corp now owns 1,099,120 shares of the information services provider’s stock worth $16,212,000 after buying an additional 71,971 shares during the period. Finally, ClariVest Asset Management LLC raised its position in Blucora by 14.5% in the first quarter. ClariVest Asset Management LLC now owns 361,588 shares of the information services provider’s stock worth $6,256,000 after buying an additional 45,827 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of Blucora, Inc. (NASDAQ:BCOR) opened at 23.75 on Friday. Blucora, Inc. has a one year low of $9.82 and a one year high of $23.95. The stock’s 50 day moving average is $20.92 and its 200-day moving average is $18.20. The firm’s market cap is $1.02 billion.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Thursday, July 27th. The information services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.04. The business had revenue of $139.20 million for the quarter, compared to the consensus estimate of $136.07 million. Blucora had a negative net margin of 12.11% and a positive return on equity of 6.59%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Analysts anticipate that Blucora, Inc. will post $1.38 EPS for the current fiscal year.
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BCOR has been the topic of a number of research reports. Benchmark Co. raised their target price on shares of Blucora from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Zacks Investment Research downgraded shares of Blucora from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 11th. Barrington Research raised their price target on shares of Blucora from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. ValuEngine upgraded shares of Blucora from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Craig Hallum initiated coverage on shares of Blucora in a report on Wednesday, April 19th. They set a “buy” rating and a $25.00 price target for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Blucora presently has a consensus rating of “Buy” and a consensus target price of $23.00.
In related news, CFO Eric Michael Emans sold 69,480 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $20.52, for a total transaction of $1,425,729.60. Following the transaction, the chief financial officer now owns 176,177 shares of the company’s stock, valued at $3,615,152.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew Miles Snyder sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $19.89, for a total transaction of $1,193,400.00. Following the transaction, the director now directly owns 43,910 shares in the company, valued at approximately $873,369.90. The disclosure for this sale can be found here. Insiders have sold 605,533 shares of company stock worth $12,547,925 in the last three months. Insiders own 14.10% of the company’s stock.
About Blucora
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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