Blucora, Inc. (BCOR) Shares Bought by Alliancebernstein L.P.
Alliancebernstein L.P. boosted its holdings in Blucora, Inc. (NASDAQ:BCOR) by 231.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 175,730 shares of the information services provider’s stock after buying an additional 122,710 shares during the period. Alliancebernstein L.P. owned 0.39% of Blucora worth $3,725,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of BCOR. JPMorgan Chase & Co. boosted its stake in Blucora by 304.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 517,475 shares of the information services provider’s stock worth $10,971,000 after buying an additional 389,529 shares during the last quarter. Prudential Financial Inc. boosted its stake in Blucora by 156.6% in the 2nd quarter. Prudential Financial Inc. now owns 596,093 shares of the information services provider’s stock worth $12,638,000 after buying an additional 363,809 shares during the last quarter. Vanguard Group Inc. boosted its stake in Blucora by 8.0% in the 1st quarter. Vanguard Group Inc. now owns 3,616,259 shares of the information services provider’s stock worth $62,562,000 after buying an additional 268,209 shares during the last quarter. First Trust Advisors LP boosted its stake in Blucora by 12.6% in the 2nd quarter. First Trust Advisors LP now owns 1,994,802 shares of the information services provider’s stock worth $42,290,000 after buying an additional 223,249 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in Blucora in the 2nd quarter worth about $4,233,000. 90.15% of the stock is currently owned by hedge funds and other institutional investors.
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Blucora, Inc. (BCOR) opened at 24.95 on Friday. Blucora, Inc. has a 12-month low of $10.98 and a 12-month high of $26.15. The stock has a 50 day moving average price of $23.97 and a 200-day moving average price of $21.12. The stock’s market capitalization is $1.12 billion.
Blucora (NASDAQ:BCOR) last issued its earnings results on Thursday, July 27th. The information services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. Blucora had a positive return on equity of 11.92% and a negative net margin of 8.03%. The firm had revenue of $139.20 million for the quarter, compared to the consensus estimate of $136.07 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. Equities research analysts expect that Blucora, Inc. will post $1.36 EPS for the current year.
A number of brokerages have issued reports on BCOR. ValuEngine lowered Blucora from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research lowered Blucora from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. BidaskClub raised Blucora from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, Barrington Research raised their price target on Blucora from $23.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Blucora has an average rating of “Buy” and a consensus price target of $25.50.
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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