Gabelli Funds LLC trimmed its stake in Blucora Inc (NASDAQ:BCOR) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,000 shares of the information services provider’s stock after selling 2,000 shares during the period. Gabelli Funds LLC’s holdings in Blucora were worth $1,493,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Gamco Investors INC. ET AL grew its position in shares of Blucora by 5.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 18,554 shares of the information services provider’s stock valued at $402,000 after buying an additional 1,000 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Blucora by 53.6% in the 3rd quarter. California Public Employees Retirement System now owns 99,399 shares of the information services provider’s stock valued at $2,151,000 after buying an additional 34,672 shares during the last quarter. State of Tennessee Treasury Department grew its position in shares of Blucora by 1.8% in the 3rd quarter. State of Tennessee Treasury Department now owns 38,292 shares of the information services provider’s stock valued at $829,000 after buying an additional 663 shares during the last quarter. Rhumbline Advisers grew its position in shares of Blucora by 3.2% in the 3rd quarter. Rhumbline Advisers now owns 147,478 shares of the information services provider’s stock valued at $3,191,000 after buying an additional 4,634 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Blucora in the 3rd quarter valued at $821,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.
Blucora stock traded up $0.63 during midday trading on Friday, hitting $19.80. 334,600 shares of the company’s stock were exchanged, compared to its average volume of 322,960. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.05 and a current ratio of 2.05. Blucora Inc has a 12-month low of $18.40 and a 12-month high of $37.17. The firm’s 50 day simple moving average is $21.29 and its 200 day simple moving average is $26.94. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.67 and a beta of 0.68.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Wednesday, November 6th. The information services provider reported ($0.20) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.20). Blucora had a net margin of 10.27% and a return on equity of 14.94%. The firm had revenue of $149.00 million during the quarter, compared to analysts’ expectations of $148.58 million. During the same quarter last year, the business earned ($0.09) earnings per share. The business’s revenue for the quarter was up 56.2% compared to the same quarter last year. On average, equities research analysts forecast that Blucora Inc will post 1.66 EPS for the current fiscal year.
BCOR has been the topic of a number of recent analyst reports. TheStreet downgraded shares of Blucora from a “b-” rating to a “c” rating in a research report on Wednesday. ValuEngine raised shares of Blucora from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Blucora from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Craig Hallum lowered their price objective on shares of Blucora from $40.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday. Finally, BidaskClub raised shares of Blucora from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Blucora has a consensus rating of “Hold” and an average target price of $30.00.
In other Blucora news, CEO John S. Clendening sold 54,250 shares of Blucora stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $21.20, for a total transaction of $1,150,100.00. Following the completion of the transaction, the chief executive officer now owns 704,467 shares in the company, valued at $14,934,700.40. The sale was disclosed in a document filed with the SEC, which is accessible through 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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