Public Employees Retirement System of Ohio trimmed its stake in Blucora Inc (NASDAQ:BCOR) by 33.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,854 shares of the information services provider’s stock after selling 46,800 shares during the period. Public Employees Retirement System of Ohio owned about 0.19% of Blucora worth $2,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position in Blucora by 2.0% in the 2nd quarter. Renaissance Technologies LLC now owns 2,733,300 shares of the information services provider’s stock valued at $83,010,000 after buying an additional 54,600 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Blucora by 2.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 280,844 shares of the information services provider’s stock valued at $8,530,000 after buying an additional 7,744 shares during the period. Bank of Montreal Can boosted its position in Blucora by 44.9% in the 2nd quarter. Bank of Montreal Can now owns 8,881 shares of the information services provider’s stock valued at $271,000 after buying an additional 2,754 shares during the period. BBT Capital Management LLC purchased a new stake in Blucora in the 2nd quarter valued at about $567,000. Finally, Teza Capital Management LLC purchased a new stake in shares of Blucora in the 2nd quarter worth approximately $258,000. 94.72% of the stock is owned by institutional investors.
Shares of NASDAQ BCOR traded down $1.90 during trading hours on Monday, hitting $23.34. 43,588 shares of the stock were exchanged, compared to its average volume of 328,101. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.20 billion, a PE ratio of 15.31, a PEG ratio of 0.74 and a beta of 0.72. The firm has a fifty day moving average price of $24.33 and a 200-day moving average price of $29.74. Blucora Inc has a 12 month low of $20.82 and a 12 month high of $41.35.
Blucora (NASDAQ:BCOR) last posted its quarterly earnings data on Wednesday, August 7th. The information services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.71 by $0.12. The firm had revenue of $193.70 million during the quarter, compared to analyst estimates of $191.26 million. Blucora had a net margin of 10.27% and a return on equity of 14.94%. Blucora’s revenue was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 EPS. As a group, equities analysts anticipate that Blucora Inc will post 1.67 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on BCOR. Zacks Investment Research cut shares of Blucora from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. ValuEngine raised shares of Blucora from a “sell” rating to a “hold” rating in a research report on Saturday. Barrington Research reaffirmed a “buy” rating and issued a $36.00 price target on shares of Blucora in a research report on Monday, August 12th. Finally, BidaskClub raised shares of Blucora from a “strong sell” rating to a “sell” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Blucora currently has an average rating of “Hold” and an average target price of $38.00.
In related news, CEO John S. Clendening sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $29.23, for a total transaction of $292,300.00. Following the completion of the transaction, the chief executive officer now owns 721,217 shares in the company, valued at approximately $21,081,172.91. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.40% of the company’s 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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