Blucora, Inc. (BCOR) Shares Sold by Teachers Advisors LLC
Teachers Advisors LLC decreased its stake in Blucora, Inc. (NASDAQ:BCOR) by 11.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,886 shares of the information services provider’s stock after selling 9,525 shares during the period. Teachers Advisors LLC owned 0.18% of Blucora worth $1,278,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. State of Tennessee Treasury Department increased its stake in shares of Blucora by 9.9% in the first quarter. State of Tennessee Treasury Department now owns 36,123 shares of the information services provider’s stock valued at $625,000 after buying an additional 3,248 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Blucora by 39.8% in the first quarter. Ameriprise Financial Inc. now owns 273,460 shares of the information services provider’s stock valued at $4,731,000 after buying an additional 77,897 shares during the last quarter. Credit Agricole S A increased its stake in shares of Blucora by 30,966.7% in the first quarter. Credit Agricole S A now owns 932 shares of the information services provider’s stock valued at $356,000 after buying an additional 929 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Blucora during the first quarter valued at approximately $227,000. Finally, Prudential Financial Inc. increased its stake in shares of Blucora by 256.6% in the first quarter. Prudential Financial Inc. now owns 232,284 shares of the information services provider’s stock valued at $4,019,000 after buying an additional 167,148 shares during the last quarter. 90.15% of the stock is currently owned by institutional investors and hedge funds.
Blucora, Inc. (BCOR) traded up 0.43% during trading on Tuesday, reaching $23.30. The company’s stock had a trading volume of 40,292 shares. Blucora, Inc. has a 12 month low of $10.22 and a 12 month high of $24.00. The company’s market cap is $1.05 billion. The stock’s 50-day moving average is $22.00 and its 200 day moving average is $19.38.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings results on Thursday, July 27th. The information services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. Blucora had a negative net margin of 8.03% and a positive return on equity of 11.92%. The company had revenue of $139.20 million during the quarter, compared to analysts’ expectations of $136.07 million. During the same period last year, the company posted $0.55 EPS. Blucora’s revenue was up 15.9% on a year-over-year basis. On average, equities analysts forecast that Blucora, Inc. will post $1.36 EPS for the current fiscal year.
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A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, May 2nd. Barrington Research increased their target price on Blucora from $23.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. ValuEngine cut Blucora from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Benchmark Co. increased their target price on Blucora from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Finally, BidaskClub upgraded Blucora from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.50.
In related news, CFO Eric Michael Emans sold 88,400 shares of Blucora stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $20.69, for a total transaction of $1,828,996.00. Following the completion of the transaction, the chief financial officer now directly owns 160,457 shares of the company’s stock, valued at approximately $3,319,855.33. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 257,430 shares of company stock valued at $5,456,804. 14.10% of the stock is currently owned by corporate insiders.
Blucora Company Profile
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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