Verition Fund Management LLC Has $1.47 Million Stake in Blucora, Inc. (NASDAQ:BCOR)

Verition Fund Management LLC decreased its position in shares of Blucora, Inc. (NASDAQ:BCORGet Rating) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,000 shares of the information services provider’s stock after selling 2,079 shares during the period. Verition Fund Management LLC owned about 0.16% of Blucora worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Captrust Financial Advisors increased its holdings in shares of Blucora by 104.3% during the first quarter. Captrust Financial Advisors now owns 2,936 shares of the information services provider’s stock worth $57,000 after buying an additional 1,499 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Blucora by 0.3% during the first quarter. Invesco Ltd. now owns 616,048 shares of the information services provider’s stock worth $12,044,000 after buying an additional 2,105 shares in the last quarter. State of Tennessee Treasury Department increased its holdings in shares of Blucora by 17.9% during the first quarter. State of Tennessee Treasury Department now owns 18,365 shares of the information services provider’s stock worth $359,000 after buying an additional 2,783 shares in the last quarter. Counterpoint Mutual Funds LLC increased its holdings in shares of Blucora by 177.5% during the first quarter. Counterpoint Mutual Funds LLC now owns 4,398 shares of the information services provider’s stock worth $86,000 after buying an additional 2,813 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Blucora by 12.6% during the first quarter. Citigroup Inc. now owns 42,174 shares of the information services provider’s stock worth $825,000 after buying an additional 4,707 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Wall Street Analyst Weigh In

BCOR has been the topic of a number of recent research reports. Cantor Fitzgerald started coverage on Blucora in a research report on Monday, July 11th. They issued an “overweight” rating and a $22.00 price objective on the stock. StockNews.com downgraded Blucora from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th.

Blucora Trading Up 2.3 %

BCOR stock opened at $19.74 on Tuesday. The company has a market cap of $942.51 million, a P/E ratio of 43.87, a PEG ratio of 0.92 and a beta of 1.28. Blucora, Inc. has a twelve month low of $14.59 and a twelve month high of $23.36. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.42. The business has a fifty day moving average of $20.45 and a 200-day moving average of $19.15.

Blucora (NASDAQ:BCORGet Rating) last released its earnings results on Monday, August 8th. The information services provider reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.05). The firm had revenue of $256.88 million for the quarter, compared to the consensus estimate of $256.67 million. Blucora had a return on equity of 14.85% and a net margin of 2.46%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS. As a group, equities research analysts expect that Blucora, Inc. will post 1.4 EPS for the current year.

About Blucora

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Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, tax professionals, financial advisors, and certified public accounting firms in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.

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Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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