Swiss National Bank boosted its position in Blucora Inc (NASDAQ:BCOR) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,700 shares of the information services provider’s stock after purchasing an additional 6,800 shares during the quarter. Swiss National Bank owned about 0.16% of Blucora worth $1,607,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. California Public Employees Retirement System lifted its position in Blucora by 4.9% in the 4th quarter. California Public Employees Retirement System now owns 63,306 shares of the information services provider’s stock valued at $1,399,000 after purchasing an additional 2,929 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Blucora in the 4th quarter valued at about $327,000. Cadence Capital Management LLC lifted its position in Blucora by 19.7% in the 4th quarter. Cadence Capital Management LLC now owns 84,993 shares of the information services provider’s stock valued at $1,878,000 after purchasing an additional 14,002 shares during the last quarter. US Bancorp DE lifted its position in Blucora by 697.0% in the 4th quarter. US Bancorp DE now owns 8,185 shares of the information services provider’s stock valued at $181,000 after purchasing an additional 7,158 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in Blucora by 32.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 13,471 shares of the information services provider’s stock valued at $298,000 after purchasing an additional 3,278 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.
BCOR has been the topic of several research analyst reports. Benchmark reissued a “buy” rating and set a $30.00 target price on shares of Blucora in a research note on Monday, November 20th. BidaskClub cut shares of Blucora from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 6th. Zacks Investment Research cut shares of Blucora from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine raised shares of Blucora from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, TheStreet raised shares of Blucora from a “c” rating to a “b” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.50.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Thursday, February 15th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.13. The company had revenue of $97.85 million for the quarter, compared to analysts’ expectations of $91.99 million. Blucora had a net margin of 5.31% and a return on equity of 11.22%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) EPS. equities research analysts forecast that Blucora Inc will post 1.54 earnings per share for the current year.
In other news, CEO John S. Clendening sold 35,150 shares of Blucora stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $24.46, for a total value of $859,769.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John S. Clendening sold 77,750 shares of Blucora stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.33, for a total transaction of $1,891,657.50. The disclosure for this sale can be found here. Insiders sold a total of 175,272 shares of company stock worth $4,273,842 in the last ninety days. Corporate insiders own 14.10% of the company’s stock.
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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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