Metropolitan Life Insurance Co. NY held its position in shares of Blucora, Inc. (NASDAQ:BCOR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,207 shares of the information services provider’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Blucora were worth $505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BCOR. Wellington Management Group LLP increased its position in shares of Blucora by 2.3% in the first quarter. Wellington Management Group LLP now owns 5,386,552 shares of the information services provider’s stock valued at $93,187,000 after buying an additional 121,564 shares during the period. Vanguard Group Inc. increased its position in shares of Blucora by 8.0% in the first quarter. Vanguard Group Inc. now owns 3,616,259 shares of the information services provider’s stock valued at $62,562,000 after buying an additional 268,209 shares during the period. First Trust Advisors LP increased its position in shares of Blucora by 7.3% in the first quarter. First Trust Advisors LP now owns 1,771,553 shares of the information services provider’s stock valued at $30,648,000 after buying an additional 120,372 shares during the period. Renaissance Technologies LLC increased its position in shares of Blucora by 7.5% in the first quarter. Renaissance Technologies LLC now owns 1,185,600 shares of the information services provider’s stock valued at $20,511,000 after buying an additional 82,900 shares during the period. Finally, Norges Bank bought a new position in shares of Blucora during the fourth quarter valued at $16,561,000. Institutional investors own 82.98% of the company’s stock.

Blucora, Inc. (BCOR) traded up 1.76% during mid-day trading on Friday, hitting $23.10. The company had a trading volume of 436,998 shares. The firm’s market cap is $1.04 billion. Blucora, Inc. has a 52-week low of $10.22 and a 52-week high of $24.00. The stock’s 50 day moving average price is $21.46 and its 200 day moving average price is $18.81.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings results on Thursday, July 27th. The information services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. The firm had revenue of $139.20 million during the quarter, compared to analyst estimates of $136.07 million. Blucora had a positive return on equity of 11.92% and a negative net margin of 8.03%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. On average, equities research analysts predict that Blucora, Inc. will post $1.36 EPS for the current fiscal year.

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A number of analysts recently weighed in on BCOR shares. Barrington Research lifted their price target on Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Benchmark Co. lifted their price target on Blucora from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, May 5th. Zacks Investment Research downgraded Blucora from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 11th. BidaskClub upgraded Blucora from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.50.

In other news, CFO Eric Michael Emans sold 89,800 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $21.65, for a total transaction of $1,944,170.00. Following the completion of the sale, the chief financial officer now directly owns 154,897 shares of the company’s stock, valued at approximately $3,353,520.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher William Walters sold 1,866 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $21.02, for a total value of $39,223.32. Following the sale, the director now directly owns 30,541 shares of the company’s stock, valued at $641,971.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 434,906 shares of company stock valued at $9,160,511. Corporate insiders own 14.10% of the company’s stock.

About Blucora

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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Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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