American Century Companies Inc. trimmed its holdings in BLUCORA INC Common Stock (NASDAQ:BCOR) by 30.0% during the second quarter, HoldingsChannel reports. The firm owned 196,987 shares of the information services provider’s stock after selling 84,508 shares during the period. American Century Companies Inc.’s holdings in BLUCORA INC Common Stock were worth $7,289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BCOR. Global X Management Co. LLC lifted its stake in BLUCORA INC Common Stock by 86.5% in the 1st quarter. Global X Management Co. LLC now owns 51,641 shares of the information services provider’s stock worth $1,270,000 after purchasing an additional 23,956 shares in the last quarter. Rhumbline Advisers lifted its stake in BLUCORA INC Common Stock by 4.6% in the 1st quarter. Rhumbline Advisers now owns 109,320 shares of the information services provider’s stock worth $2,689,000 after purchasing an additional 4,803 shares in the last quarter. Comerica Bank lifted its stake in BLUCORA INC Common Stock by 4.5% in the 1st quarter. Comerica Bank now owns 49,345 shares of the information services provider’s stock worth $1,335,000 after purchasing an additional 2,118 shares in the last quarter. SG Americas Securities LLC purchased a new position in BLUCORA INC Common Stock in the 1st quarter worth approximately $119,000. Finally, Mackay Shields LLC purchased a new stake in shares of BLUCORA INC Common Stock during the 1st quarter valued at approximately $848,000. 94.13% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider John David Palmer sold 3,753 shares of BLUCORA INC Common Stock stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $36.00, for a total value of $135,108.00. Following the completion of the sale, the insider now owns 8,375 shares in the company, valued at approximately $301,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert D. Oros sold 6,075 shares of BLUCORA INC Common Stock stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $34.30, for a total transaction of $208,372.50. Following the completion of the sale, the chief executive officer now owns 51,111 shares of the company’s stock, valued at approximately $1,753,107.30. The disclosure for this sale can be found here. Insiders sold a total of 91,128 shares of company stock valued at $3,400,731 in the last quarter. 2.91% of the stock is owned by insiders.

BCOR stock opened at $35.50 on Wednesday. BLUCORA INC Common Stock has a one year low of $19.05 and a one year high of $40.60. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.99 and a current ratio of 2.99. The company has a market cap of $1.72 billion, a PE ratio of 29.67, a PEG ratio of 1.28 and a beta of -0.15.

BLUCORA INC Common Stock (NASDAQ:BCOR) last posted its earnings results on Wednesday, August 1st. The information services provider reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.11. BLUCORA INC Common Stock had a net margin of 13.31% and a return on equity of 14.82%. The firm had revenue of $157.80 million during the quarter, compared to the consensus estimate of $154.46 million. During the same quarter last year, the firm earned $0.70 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. analysts forecast that BLUCORA INC Common Stock will post 1.61 earnings per share for the current year.

Several research firms have recently commented on BCOR. BidaskClub raised shares of BLUCORA INC Common Stock from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Zacks Investment Research raised shares of BLUCORA INC Common Stock from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Monday, August 6th. JPMorgan Chase & Co. began coverage on shares of BLUCORA INC Common Stock in a research report on Thursday, July 12th. They set a “neutral” rating and a $42.00 price target on the stock. Sidoti lowered shares of BLUCORA INC Common Stock from a “buy” rating to a “neutral” rating in a research report on Friday, June 8th. Finally, Craig Hallum set a $47.00 price target on shares of BLUCORA INC Common Stock and gave the company a “buy” rating in a research report on Thursday, June 7th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. BLUCORA INC Common Stock currently has a consensus rating of “Buy” and an average price target of $37.71.

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.

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

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