Blucora, Inc. (NASDAQ:BCOR) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $24.35 and last traded at $24.35, with a volume of 581,711 shares trading hands. The stock had previously closed at $23.40.

A number of brokerages have issued reports on BCOR. ValuEngine lowered shares of Blucora from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub upgraded shares of Blucora from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded shares of Blucora from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, August 2nd. Finally, Barrington Research upped their price target on shares of Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Blucora has an average rating of “Buy” and a consensus target price of $25.50.

The firm’s market cap is $1.10 billion. The firm has a 50 day moving average price of $23.11 and a 200-day moving average price of $20.34.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Thursday, July 27th. The information services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. The business had revenue of $139.20 million during the quarter, compared to the consensus estimate of $136.07 million. Blucora had a negative net margin of 8.03% and a positive return on equity of 11.92%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. Equities research analysts forecast that Blucora, Inc. will post $1.36 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in BCOR. Mason Street Advisors LLC increased its holdings in shares of Blucora by 8.0% in the 1st quarter. Mason Street Advisors LLC now owns 9,054 shares of the information services provider’s stock valued at $157,000 after acquiring an additional 667 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Blucora by 82.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,809 shares of the information services provider’s stock valued at $165,000 after acquiring an additional 3,539 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Blucora in the 1st quarter valued at $176,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Blucora in the 2nd quarter valued at $179,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Blucora in the 1st quarter valued at $180,000. 90.15% of the stock is currently owned by institutional investors and hedge funds.

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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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