Russell Investments Group Ltd. Has $4.23 Million Stake in BLUCORA INC Common Stock (BCOR)

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Russell Investments Group Ltd. lifted its stake in shares of BLUCORA INC Common Stock (NASDAQ:BCOR) by 12.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 172,084 shares of the information services provider’s stock after buying an additional 19,701 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.37% of BLUCORA INC Common Stock worth $4,232,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Timpani Capital Management LLC acquired a new position in shares of BLUCORA INC Common Stock during the first quarter worth about $1,625,000. Municipal Employees Retirement System of Michigan grew its position in shares of BLUCORA INC Common Stock by 3.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 51,120 shares of the information services provider’s stock worth $1,258,000 after buying an additional 1,750 shares in the last quarter. Cim Investment Mangement Inc. acquired a new position in shares of BLUCORA INC Common Stock during the first quarter worth about $206,000. BlackRock Inc. grew its position in shares of BLUCORA INC Common Stock by 2.5% during the first quarter. BlackRock Inc. now owns 5,970,527 shares of the information services provider’s stock worth $146,875,000 after buying an additional 144,397 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of BLUCORA INC Common Stock by 1.6% during the first quarter. Northern Trust Corp now owns 542,222 shares of the information services provider’s stock worth $13,339,000 after buying an additional 8,501 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

BCOR has been the subject of a number of analyst reports. Barrington Research reissued a “buy” rating on shares of BLUCORA INC Common Stock in a research report on Tuesday, April 3rd. ValuEngine downgraded BLUCORA INC Common Stock from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Zacks Investment Research raised BLUCORA INC Common Stock from a “sell” rating to a “hold” rating in a report on Tuesday, April 24th. BidaskClub raised BLUCORA INC Common Stock from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 16th. Finally, William Blair initiated coverage on BLUCORA INC Common Stock in a report on Tuesday, March 20th. They issued an “outperform” rating and a $16.23 price target for the company. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $37.45.

In other news, insider John David Palmer sold 6,604 shares of the stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $33.00, for a total value of $217,932.00. Following the completion of the sale, the insider now directly owns 11,698 shares of the company’s stock, valued at $386,034. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Clendening sold 35,517 shares of the stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $26.45, for a total value of $939,424.65. Following the completion of the sale, the insider now directly owns 633,993 shares of the company’s stock, valued at $16,769,114.85. The disclosure for this sale can be found here. Insiders sold 94,423 shares of company stock valued at $2,623,370 over the last three months. Corporate insiders own 2.91% of the company’s stock.

Shares of BLUCORA INC Common Stock opened at $37.00 on Friday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market capitalization of $1.73 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 1.18 and a beta of -0.05. BLUCORA INC Common Stock has a 52-week low of $19.05 and a 52-week high of $40.60.

BLUCORA INC Common Stock (NASDAQ:BCOR) last announced its quarterly earnings results on Wednesday, May 9th. The information services provider reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.23. The firm had revenue of $206.00 million during the quarter, compared to the consensus estimate of $195.65 million. BLUCORA INC Common Stock had a return on equity of 13.11% and a net margin of 7.84%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 earnings per share. sell-side analysts predict that BLUCORA INC Common Stock will post 1.57 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for BLUCORA INC Common Stock (NASDAQ:BCOR)

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