California Public Employees Retirement System raised its holdings in shares of Blucora Inc (NASDAQ:BCOR) by 17.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 60,377 shares of the information services provider’s stock after purchasing an additional 8,977 shares during the period. California Public Employees Retirement System’s holdings in Blucora were worth $1,528,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BCOR. Schwab Charles Investment Management Inc. increased its holdings in Blucora by 37.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 242,795 shares of the information services provider’s stock valued at $5,148,000 after acquiring an additional 66,060 shares in the last quarter. Legal & General Group Plc increased its holdings in Blucora by 11.3% during the 2nd quarter. Legal & General Group Plc now owns 72,109 shares of the information services provider’s stock valued at $1,530,000 after acquiring an additional 7,333 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Blucora by 11.2% during the 2nd quarter. Principal Financial Group Inc. now owns 328,857 shares of the information services provider’s stock valued at $6,972,000 after acquiring an additional 33,244 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Blucora by 304.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 517,475 shares of the information services provider’s stock valued at $10,971,000 after acquiring an additional 389,529 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Blucora by 231.4% during the 2nd quarter. Alliancebernstein L.P. now owns 175,730 shares of the information services provider’s stock valued at $3,725,000 after acquiring an additional 122,710 shares in the last quarter. Hedge funds and other institutional investors own 90.58% of the company’s stock.

A number of equities research analysts have recently commented on the stock. ValuEngine upgraded shares of Blucora from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded shares of Blucora from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Benchmark reiterated a “buy” rating and set a $30.00 price target on shares of Blucora in a report on Monday, November 20th. BidaskClub downgraded shares of Blucora from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 6th. Finally, TheStreet downgraded shares of Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.00.

Shares of Blucora Inc (NASDAQ:BCOR) opened at $24.05 on Monday. The company has a market cap of $1,110.00, a PE ratio of 801.67, a PEG ratio of 0.73 and a beta of -0.32. Blucora Inc has a twelve month low of $14.25 and a twelve month high of $26.15. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.65.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. The business had revenue of $90.20 million during the quarter, compared to the consensus estimate of $89.72 million. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.24) earnings per share. research analysts predict that Blucora Inc will post 1.14 EPS for the current year.

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About Blucora

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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Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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