Blucora, Inc. (NASDAQ:BCOR) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 745,709 shares, a decline of 37.1% from the October 13th total of 1,185,177 shares. Based on an average daily trading volume, of 420,069 shares, the short-interest ratio is currently 1.8 days. Approximately 1.7% of the shares of the company are sold short.
Shares of Blucora (NASDAQ BCOR) opened at $19.95 on Friday. The stock has a market capitalization of $920.21, a P/E ratio of 15.71, a P/E/G ratio of 0.88 and a beta of -0.27. Blucora has a 12 month low of $13.40 and a 12 month high of $26.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.23 and a current ratio of 2.23.
Blucora (NASDAQ:BCOR) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.07. Blucora had a positive return on equity of 11.94% and a negative net margin of 0.46%. The business had revenue of $90.20 million for the quarter, compared to the consensus estimate of $89.72 million. During the same quarter in the previous year, the company posted ($0.24) EPS. The company’s revenue was up 8.4% compared to the same quarter last year. equities analysts forecast that Blucora will post 1.14 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on BCOR. Zacks Investment Research cut Blucora from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. ValuEngine downgraded Blucora from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Barrington Research lifted their target price on Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. BidaskClub raised Blucora from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, TheStreet downgraded Blucora from a “b-” rating to a “c” rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $25.25.
A number of large investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its stake in Blucora by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the information services provider’s stock worth $341,000 after acquiring an additional 300 shares during the last quarter. Arizona State Retirement System increased its stake in Blucora by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 20,617 shares of the information services provider’s stock worth $437,000 after acquiring an additional 400 shares during the last quarter. Aperio Group LLC increased its stake in Blucora by 3.4% in the 2nd quarter. Aperio Group LLC now owns 13,594 shares of the information services provider’s stock worth $288,000 after acquiring an additional 453 shares during the last quarter. Nationwide Fund Advisors increased its stake in Blucora by 1.8% in the 2nd quarter. Nationwide Fund Advisors now owns 32,020 shares of the information services provider’s stock worth $679,000 after acquiring an additional 556 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in Blucora by 7.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,340 shares of the information services provider’s stock worth $198,000 after acquiring an additional 620 shares during the last quarter. 87.04% of the stock is currently owned by institutional investors and hedge funds.
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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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