Park West Asset Management LLC lowered its position in shares of BLUCORA INC Common Stock (NASDAQ:BCOR) by 28.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,072,283 shares of the information services provider’s stock after selling 418,217 shares during the quarter. BLUCORA INC Common Stock accounts for 1.2% of Park West Asset Management LLC’s holdings, making the stock its 28th biggest position. Park West Asset Management LLC’s holdings in BLUCORA INC Common Stock were worth $26,378,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BCOR. Allianz Asset Management GmbH raised its holdings in shares of BLUCORA INC Common Stock by 4.5% in the 1st quarter. Allianz Asset Management GmbH now owns 796,650 shares of the information services provider’s stock worth $19,598,000 after purchasing an additional 34,536 shares during the period. Principal Financial Group Inc. raised its holdings in shares of BLUCORA INC Common Stock by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 431,545 shares of the information services provider’s stock worth $10,616,000 after purchasing an additional 13,123 shares during the period. Asset Management One Co. Ltd. bought a new stake in shares of BLUCORA INC Common Stock in the 1st quarter worth approximately $1,715,000. Russell Investments Group Ltd. raised its holdings in shares of BLUCORA INC Common Stock by 12.9% in the 1st quarter. Russell Investments Group Ltd. now owns 172,084 shares of the information services provider’s stock worth $4,232,000 after purchasing an additional 19,701 shares during the period. Finally, Timpani Capital Management LLC bought a new stake in shares of BLUCORA INC Common Stock in the 1st quarter worth approximately $1,625,000. 94.79% of the stock is currently owned by hedge funds and other institutional investors.

BCOR has been the topic of a number of research reports. Benchmark reaffirmed a “buy” rating and issued a $32.00 price target on shares of BLUCORA INC Common Stock in a report on Friday, February 16th. TheStreet raised shares of BLUCORA INC Common Stock from a “c” rating to a “b” rating in a report on Thursday, February 15th. Zacks Investment Research cut shares of BLUCORA INC Common Stock from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. ValuEngine raised shares of BLUCORA INC Common Stock from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Finally, William Blair initiated coverage on shares of BLUCORA INC Common Stock in a report on Tuesday, March 20th. They issued an “outperform” rating and a $16.23 price target on the stock. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. BLUCORA INC Common Stock has an average rating of “Buy” and a consensus target price of $37.45.

Shares of BCOR stock opened at $36.90 on Thursday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.50. BLUCORA INC Common Stock has a 1 year low of $19.05 and a 1 year high of $40.60. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 1.16 and a beta of -0.05.

BLUCORA INC Common Stock (NASDAQ:BCOR) last issued its earnings results on Wednesday, May 9th. The information services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.23. BLUCORA INC Common Stock had a net margin of 7.84% and a return on equity of 13.11%. The business had revenue of $206.00 million for the quarter, compared to analysts’ expectations of $195.65 million. During the same quarter in the previous year, the firm posted $1.04 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. sell-side analysts expect that BLUCORA INC Common Stock will post 1.57 EPS for the current fiscal year.

In other news, insider John David Palmer sold 6,604 shares of the business’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $33.00, for a total transaction of $217,932.00. Following the completion of the transaction, the insider now directly owns 11,698 shares in the company, valued at approximately $386,034. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Clendening sold 35,517 shares of the business’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $26.45, for a total transaction of $939,424.65. Following the transaction, the insider now owns 633,993 shares of the company’s stock, valued at $16,769,114.85. The disclosure for this sale can be found here. Insiders have sold a total of 94,423 shares of company stock worth $2,623,370 in the last three months. Insiders own 2.91% of the company’s stock.

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

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