Strs Ohio bought a new stake in shares of Blucora, Inc. (NASDAQ:BCOR – Get Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,900 shares of the information services provider’s stock, valued at approximately $172,000.
A number of other institutional investors and hedge funds have also bought and sold shares of BCOR. Engine Capital Management LP raised its position in Blucora by 162.2% during the 1st quarter. Engine Capital Management LP now owns 1,798,128 shares of the information services provider’s stock valued at $35,153,000 after purchasing an additional 1,112,420 shares in the last quarter. JPMorgan Chase & Co. raised its position in Blucora by 56.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 736,620 shares of the information services provider’s stock valued at $13,598,000 after purchasing an additional 265,298 shares in the last quarter. Advisory Research Inc. bought a new stake in Blucora during the 2nd quarter valued at $2,085,000. Engineers Gate Manager LP raised its position in Blucora by 436.0% during the 1st quarter. Engineers Gate Manager LP now owns 108,911 shares of the information services provider’s stock valued at $2,129,000 after purchasing an additional 88,591 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Blucora by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 5,092,437 shares of the information services provider’s stock valued at $99,557,000 after purchasing an additional 86,278 shares in the last quarter. 92.35% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Blucora news, Director Kanayalal Amritlal Kotecha bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The shares were purchased at an average cost of $23.73 per share, for a total transaction of $118,650.00. Following the purchase, the director now directly owns 19,952 shares in the company, valued at $473,460.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.35% of the stock is owned by company insiders.
Blucora Trading Up 1.6 %
Blucora (NASDAQ:BCOR – Get Rating) last announced its earnings results on Tuesday, November 1st. The information services provider reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.01. Blucora had a return on equity of 15.60% and a net margin of 3.12%. The firm had revenue of $171.70 million for the quarter, compared to the consensus estimate of $163.09 million. During the same period in the previous year, the business earned ($0.36) EPS. As a group, equities research analysts anticipate that Blucora, Inc. will post 1.35 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. StockNews.com lowered Blucora from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Barrington Research boosted their price target on Blucora from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 1st.
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.
- Get a free copy of the StockNews.com research report on Blucora (BCOR)
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