Cipher Capital LP Buys New Holdings in Blucora, Inc. (NASDAQ:BCOR)

Cipher Capital LP acquired a new stake in Blucora, Inc. (NASDAQ:BCOR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,302 shares of the information services provider’s stock, valued at approximately $665,000. Cipher Capital LP owned 0.06% of Blucora as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BCOR. Sei Investments Co. raised its position in Blucora by 15,869.2% during the third quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock worth $110,000 after acquiring an additional 4,126 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Blucora during the third quarter worth about $124,000. State of Alaska Department of Revenue raised its position in Blucora by 82.9% during the second quarter. State of Alaska Department of Revenue now owns 7,809 shares of the information services provider’s stock worth $165,000 after acquiring an additional 3,539 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Blucora during the second quarter worth about $179,000. Finally, Municipal Employees Retirement System of Michigan raised its position in Blucora by 7.1% during the second 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. Hedge funds and other institutional investors own 89.31% of the company’s stock.

A number of equities analysts have issued reports on BCOR shares. Zacks Investment Research upgraded shares of Blucora from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research report on Wednesday, November 1st. TheStreet cut shares of Blucora from a “b-” rating to a “c” rating in a research report on Monday, October 30th. Benchmark restated a “buy” rating and set a $30.00 target price on shares of Blucora in a research report on Monday, November 20th. Finally, BidaskClub raised shares of Blucora from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $27.00.

Blucora, Inc. (NASDAQ:BCOR) traded down $0.15 during trading hours on Wednesday, hitting $19.80. 399,800 shares of the stock were exchanged, compared to its average volume of 452,191. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $920.21, a price-to-earnings ratio of 15.71, a PEG ratio of 0.88 and a beta of -0.32. Blucora, Inc. has a twelve month low of $14.15 and a twelve month high of $26.15.

Blucora (NASDAQ:BCOR) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.07. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The business had revenue of $90.20 million during the quarter, compared to analyst estimates of $89.72 million. During the same quarter in the previous year, the business posted ($0.24) earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. equities analysts expect that Blucora, Inc. will post 1.14 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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