Blucora Inc (NASDAQ:BCOR) has earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $43.25.

A number of brokerages have recently weighed in on BCOR. Zacks Investment Research raised shares of Blucora from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. BidaskClub lowered shares of Blucora from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 23rd. Barrington Research reiterated a “buy” rating and issued a $41.00 price target on shares of Blucora in a report on Wednesday, March 20th. Finally, ValuEngine downgraded shares of Blucora from a “buy” rating to a “hold” rating in a research note on Saturday.

In other news, CEO John S. Clendening sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the transaction, the chief executive officer now owns 753,002 shares of the company’s stock, valued at approximately $24,096,064. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John David Palmer sold 4,606 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $31.63, for a total transaction of $145,687.78. The disclosure for this sale can be found here. In the last three months, insiders sold 85,807 shares of company stock worth $2,757,515. Insiders own 3.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its stake in Blucora by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 18,578 shares of the information services provider’s stock worth $620,000 after buying an additional 336 shares during the period. Nordea Investment Management AB increased its stake in Blucora by 0.9% during the 4th quarter. Nordea Investment Management AB now owns 45,100 shares of the information services provider’s stock worth $1,202,000 after buying an additional 400 shares during the period. Piedmont Investment Advisors Inc. increased its stake in Blucora by 4.0% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 11,409 shares of the information services provider’s stock worth $304,000 after buying an additional 444 shares during the period. Arizona State Retirement System increased its stake in Blucora by 0.7% during the 1st quarter. Arizona State Retirement System now owns 74,360 shares of the information services provider’s stock worth $2,482,000 after buying an additional 487 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Blucora by 3.5% during the 4th quarter. State of Alaska Department of Revenue now owns 16,037 shares of the information services provider’s stock worth $427,000 after buying an additional 548 shares during the period. 98.92% of the stock is currently owned by institutional investors and hedge funds.

Blucora stock traded down $0.20 during mid-day trading on Monday, reaching $31.51. The company had a trading volume of 7,157 shares, compared to its average volume of 264,611. Blucora has a 1 year low of $23.83 and a 1 year high of $41.35. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.39. The stock has a market cap of $1.51 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 0.86 and a beta of 0.57.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Wednesday, May 8th. The information services provider reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.18. Blucora had a net margin of 11.57% and a return on equity of 16.14%. The business had revenue of $225.80 million during the quarter, compared to analysts’ expectations of $224.95 million. During the same period last year, the company posted $1.20 EPS. The company’s revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts forecast that Blucora will post 1.85 EPS for the current fiscal year.

Blucora Company Profile

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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