BidaskClub upgraded shares of BLUCORA INC Common Stock (NASDAQ:BCOR) from a sell rating to a hold rating in a research report released on Tuesday.

Other equities analysts also recently issued reports about the stock. Benchmark reiterated a buy rating and issued a $42.00 target price on shares of BLUCORA INC Common Stock in a report on Thursday, May 10th. Barrington Research boosted their target price on shares of BLUCORA INC Common Stock from $30.00 to $40.00 and gave the stock an outperform rating in a report on Tuesday, May 15th. Zacks Investment Research upgraded shares of BLUCORA INC Common Stock from a hold rating to a buy rating and set a $42.00 target price for the company in a report on Tuesday, May 22nd. Craig Hallum set a $35.00 target price on shares of BLUCORA INC Common Stock and gave the stock a buy rating in a report on Thursday, May 10th. Finally, Sidoti downgraded shares of BLUCORA INC Common Stock from a buy rating to a neutral rating in a report on Friday, June 8th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. BLUCORA INC Common Stock has an average rating of Buy and a consensus target price of $37.71.

BCOR stock opened at $35.95 on Tuesday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 29.51, a PEG ratio of 1.28 and a beta of -0.14. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.41. BLUCORA INC Common Stock has a 1-year low of $19.05 and a 1-year high of $40.60.

BLUCORA INC Common Stock (NASDAQ:BCOR) last announced its earnings results on Wednesday, August 1st. The information services provider reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.11. The business had revenue of $157.80 million during the quarter, compared to the consensus estimate of $154.46 million. BLUCORA INC Common Stock had a net margin of 13.31% and a return on equity of 14.82%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. sell-side analysts anticipate that BLUCORA INC Common Stock will post 1.61 EPS for the current fiscal year.

In other news, CEO Robert D. Oros sold 6,075 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $34.30, for a total transaction of $208,372.50. Following the sale, the chief executive officer now owns 51,111 shares in the company, valued at $1,753,107.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Clendening sold 79,000 shares of the business’s stock in a transaction dated Tuesday, July 17th. The stock was sold at an average price of $37.66, for a total value of $2,975,140.00. Following the sale, the insider now owns 672,564 shares in the company, valued at approximately $25,328,760.24. The disclosure for this sale can be found here. Insiders sold 91,128 shares of company stock valued at $3,400,731 over the last quarter. 2.91% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of BCOR. Bank of New York Mellon Corp raised its stake in shares of BLUCORA INC Common Stock by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 550,218 shares of the information services provider’s stock worth $20,358,000 after buying an additional 24,657 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of BLUCORA INC Common Stock by 5.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 110,644 shares of the information services provider’s stock worth $4,094,000 after buying an additional 5,870 shares during the period. WINTON GROUP Ltd raised its stake in shares of BLUCORA INC Common Stock by 1,622.0% during the 2nd quarter. WINTON GROUP Ltd now owns 310,177 shares of the information services provider’s stock worth $11,477,000 after buying an additional 292,164 shares during the period. Global X Management Co LLC raised its stake in shares of BLUCORA INC Common Stock by 120.9% during the 2nd quarter. Global X Management Co LLC now owns 114,054 shares of the information services provider’s stock worth $4,220,000 after buying an additional 62,413 shares during the period. Finally, Glenmede Trust Co. NA raised its stake in shares of BLUCORA INC Common Stock by 209.5% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,188,640 shares of the information services provider’s stock worth $43,980,000 after buying an additional 804,545 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

About BLUCORA INC Common Stock

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals 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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Analyst Recommendations for BLUCORA INC Common Stock (NASDAQ:BCOR)

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