Engineers Gate Manager LP Trims Holdings in Blucora, Inc. (BCOR)

Engineers Gate Manager LP decreased its position in shares of Blucora, Inc. (NASDAQ:BCOR) by 30.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,467 shares of the information services provider’s stock after selling 20,607 shares during the quarter. Engineers Gate Manager LP owned approximately 0.10% of Blucora worth $1,176,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in Blucora by 15,869.2% during the 3rd quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock worth $110,000 after buying an additional 4,126 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Blucora during the 3rd quarter worth $124,000. Trexquant Investment LP acquired a new position in Blucora during the 3rd quarter worth $201,000. Crossmark Global Holdings Inc. acquired a new position in Blucora during the 3rd quarter worth $204,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Blucora in the 2nd quarter valued at $179,000. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

Blucora, Inc. (NASDAQ:BCOR) opened at $21.25 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market capitalization of $931.74, a price-to-earnings ratio of 15.91, a PEG ratio of 0.89 and a beta of -0.32. Blucora, Inc. has a 12 month low of $14.25 and a 12 month high of $26.15.

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

A number of research analysts have recently weighed in on the company. TheStreet downgraded Blucora from a “b-” rating to a “c” rating in a research note on Monday, October 30th. BidaskClub downgraded Blucora from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 6th. Zacks Investment Research raised Blucora from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research note on Wednesday, November 1st. Finally, Benchmark reissued a “buy” rating and issued a $30.00 price target on shares of Blucora in a research note on Monday, November 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $27.00.

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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.

Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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