SG Americas Securities LLC Purchases 1,004 Shares of Blucora, Inc. (NASDAQ:BCOR)

SG Americas Securities LLC increased its position in shares of Blucora, Inc. (NASDAQ:BCORGet Rating) by 14.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,773 shares of the information services provider’s stock after buying an additional 1,004 shares during the period. SG Americas Securities LLC’s holdings in Blucora were worth $143,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Boston Partners boosted its holdings in shares of Blucora by 45.3% during the 1st quarter. Boston Partners now owns 222,328 shares of the information services provider’s stock worth $4,347,000 after buying an additional 69,331 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Blucora during the 1st quarter worth $2,960,000. Rothschild & Co. Asset Management US Inc. boosted its holdings in shares of Blucora by 228.6% during the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 272,316 shares of the information services provider’s stock worth $5,324,000 after buying an additional 189,447 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Blucora by 1.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 228,998 shares of the information services provider’s stock worth $4,227,000 after buying an additional 3,124 shares during the period. Finally, Saltoro Capital LP bought a new stake in shares of Blucora during the 1st quarter worth $1,662,000. 95.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BCOR has been the subject of a number of research reports. StockNews.com downgraded shares of Blucora from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Barrington Research increased their price target on shares of Blucora from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, November 1st.

Blucora Price Performance

Shares of Blucora stock opened at $24.02 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.51 and a quick ratio of 2.51. Blucora, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $27.50. The firm has a fifty day moving average price of $20.75 and a two-hundred day moving average price of $19.52. The company has a market cap of $1.15 billion, a PE ratio of 42.89, a price-to-earnings-growth ratio of 1.21 and a beta of 1.26.

Blucora (NASDAQ:BCORGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The information services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Blucora had a net margin of 3.12% and a return on equity of 15.60%. During the same quarter last year, the firm posted ($0.36) earnings per share. Analysts expect that Blucora, Inc. will post 1.35 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.

Further Reading

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Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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