Blucora Inc (NASDAQ:BCOR) insider Michael P. Hogan acquired 7,874 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were purchased at an average price of $30.52 per share, with a total value of $240,314.48. Following the transaction, the insider now owns 15,990 shares of the company’s stock, valued at $488,014.80. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Blucora stock opened at $30.42 on Friday. The stock has a market cap of $1.51 billion, a PE ratio of 24.93, a PEG ratio of 1.10 and a beta of 0.26. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.42. Blucora Inc has a twelve month low of $19.05 and a twelve month high of $41.35.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Wednesday, October 31st. The information services provider reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.10. Blucora had a return on equity of 14.56% and a net margin of 13.71%. The firm had revenue of $95.40 million during the quarter, compared to analyst estimates of $94.36 million. During the same quarter last year, the business posted ($0.12) earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Blucora Inc will post 1.63 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in BCOR. Millennium Management LLC bought a new position in shares of Blucora in the 1st quarter valued at about $403,000. Legal & General Group Plc lifted its holdings in shares of Blucora by 2.9% in the 1st quarter. Legal & General Group Plc now owns 97,001 shares of the information services provider’s stock valued at $2,369,000 after acquiring an additional 2,761 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Blucora by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 431,545 shares of the information services provider’s stock valued at $10,616,000 after acquiring an additional 13,123 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Blucora by 4.5% in the 1st quarter. Allianz Asset Management GmbH now owns 796,650 shares of the information services provider’s stock valued at $19,598,000 after acquiring an additional 34,536 shares during the last quarter. Finally, Xact Kapitalforvaltning AB bought a new position in shares of Blucora in the 2nd quarter valued at about $278,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on BCOR. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday. ValuEngine lowered Blucora from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Barrington Research restated a “buy” rating and set a $40.00 price objective on shares of Blucora in a research report on Monday, October 22nd. BidaskClub upgraded Blucora from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. upgraded Blucora from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $42.00 to $45.00 in a research report on Friday, September 28th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Blucora has an average rating of “Buy” and an average price target of $37.54.

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About Blucora

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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