Allianz Asset Management GmbH raised its position in Blucora, Inc. (NASDAQ:BCOR) by 54.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 580,210 shares of the information services provider’s stock after purchasing an additional 203,693 shares during the period. Allianz Asset Management GmbH owned about 1.26% of Blucora worth $14,679,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its holdings in shares of Blucora by 5.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 176,735 shares of the information services provider’s stock worth $3,058,000 after acquiring an additional 9,186 shares during the period. Bank of America Corp DE lifted its holdings in shares of Blucora by 84.0% during the 1st quarter. Bank of America Corp DE now owns 74,586 shares of the information services provider’s stock worth $1,290,000 after acquiring an additional 34,055 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Blucora by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the information services provider’s stock worth $341,000 after acquiring an additional 300 shares during the period. Aperio Group LLC lifted its holdings in shares of Blucora by 3.4% during the 2nd quarter. Aperio Group LLC now owns 13,594 shares of the information services provider’s stock worth $288,000 after acquiring an additional 453 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Blucora by 49.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 252,158 shares of the information services provider’s stock worth $5,346,000 after acquiring an additional 83,752 shares during the period. Institutional investors own 90.73% of the company’s stock.

Several research analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and set a $30.00 price objective on shares of Blucora in a report on Monday, November 20th. BidaskClub lowered shares of Blucora from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 6th. Zacks Investment Research upgraded shares of Blucora from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, November 1st. Finally, TheStreet lowered shares of Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $27.00.

Shares of Blucora, Inc. (NASDAQ BCOR) opened at $21.70 on Thursday. The stock has a market cap of $980.18, a P/E ratio of 16.73, a P/E/G ratio of 0.93 and a beta of -0.32. Blucora, Inc. has a 1 year low of $14.25 and a 1 year high of $26.15. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.65.

Blucora (NASDAQ:BCOR) last posted its earnings results on Thursday, October 26th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.07. The firm had revenue of $90.20 million during the quarter, compared to the consensus estimate of $89.72 million. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.24) EPS. analysts expect that Blucora, Inc. will post 1.14 earnings per share for the current year.

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Blucora Company Profile

Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.

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Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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