D.A. Davidson & CO. purchased a new stake in shares of Blucora Inc (NASDAQ:BCOR) during the third quarter, Holdings Channel reports. The firm purchased 6,219 shares of the information services provider’s stock, valued at approximately $250,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Castleark Management LLC acquired a new stake in shares of Blucora during the second quarter valued at approximately $7,080,000. Glenmede Trust Co. NA raised its holdings in shares of Blucora by 209.5% during the second quarter. Glenmede Trust Co. NA now owns 1,188,640 shares of the information services provider’s stock valued at $43,980,000 after acquiring an additional 804,545 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Blucora by 5.6% during the second quarter. Public Employees Retirement System of Ohio now owns 110,644 shares of the information services provider’s stock valued at $4,094,000 after acquiring an additional 5,870 shares during the period. Cim Investment Mangement Inc. acquired a new stake in shares of Blucora during the third quarter valued at approximately $444,000. Finally, United Services Automobile Association raised its holdings in shares of Blucora by 61.5% during the second quarter. United Services Automobile Association now owns 100,808 shares of the information services provider’s stock valued at $3,730,000 after acquiring an additional 38,392 shares during the period. Institutional investors and hedge funds own 94.59% of the company’s stock.

Blucora stock opened at $29.71 on Friday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.07 and a beta of 0.18. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.42. Blucora Inc has a twelve month low of $20.10 and a twelve month high of $41.35.

Blucora (NASDAQ:BCOR) last released its quarterly earnings data on Wednesday, October 31st. The information services provider reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.10. The firm had revenue of $95.40 million for the quarter, compared to analyst estimates of $94.36 million. Blucora had a net margin of 13.71% and a return on equity of 14.56%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) EPS. Equities research analysts forecast that Blucora Inc will post 1.63 earnings per share for the current year.

A number of research firms have recently issued reports on BCOR. Zacks Investment Research upgraded shares of Blucora from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Tuesday, November 6th. ValuEngine lowered shares of Blucora from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 1st. Barrington Research reiterated a “buy” rating and issued a $40.00 price objective on shares of Blucora in a research note on Monday, October 22nd. BidaskClub upgraded shares of Blucora from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Blucora from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $42.00 to $45.00 in a research note on Friday, September 28th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Blucora currently has an average rating of “Buy” and an average price target of $37.54.

In other Blucora news, CEO Robert D. Oros sold 6,075 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $30.31, for a total value of $184,133.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John S. Clendening sold 65,500 shares of the business’s stock in a transaction that occurred on Friday, October 12th. The stock was sold at an average price of $33.08, for a total transaction of $2,166,740.00. Following the completion of the sale, the insider now directly owns 666,799 shares of the company’s stock, valued at $22,057,710.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,733 shares of company stock worth $4,016,181. Company insiders own 2.91% of the company’s stock.

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Blucora 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 (NASDAQ:BCOR)

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