Zacks Investment Research upgraded shares of Blucora (NASDAQ:BCOR) from a sell rating to a strong-buy rating in a research note published on Tuesday, Zacks.com reports. Zacks Investment Research currently has $24.00 price objective on the information services provider’s stock.
According to Zacks, “Blucora, Inc. provides technology-enabled financial solutions to consumers, small businesses and tax professionals. The company’s products and services consist of tax preparation and wealth management, through TaxAct and HD Vest. TaxAct provides digital tax preparation solution for individuals, business owners and tax professionals. HD Vest Financial Services (R) supports an independent network of tax professionals who provide comprehensive financial planning solutions. Blucora, Inc. is based in IRVING, Texas. “
Several other research firms also recently issued reports on BCOR. BidaskClub raised Blucora from a sell rating to a hold rating in a research note on Friday, September 27th. Barrington Research reissued a buy rating and issued a $36.00 price target on shares of Blucora in a research note on Monday, August 12th. Finally, ValuEngine raised Blucora from a sell rating to a hold rating in a research note on Wednesday, October 2nd.
Shares of Blucora stock opened at $21.20 on Tuesday. The company has a market capitalization of $1.03 billion, a PE ratio of 11.04, a PEG ratio of 0.63 and a beta of 0.71. Blucora has a 12 month low of $20.00 and a 12 month high of $37.17. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.55. The stock’s fifty day simple moving average is $21.95 and its 200 day simple moving average is $28.78.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Wednesday, August 7th. The information services provider reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.12. Blucora had a return on equity of 14.94% and a net margin of 10.27%. The business had revenue of $193.70 million for the quarter, compared to the consensus estimate of $191.26 million. During the same quarter last year, the business posted $0.97 EPS. The firm’s revenue was up 22.8% compared to the same quarter last year. Analysts predict that Blucora will post 1.67 EPS for the current fiscal year.
In other Blucora news, CEO John S. Clendening sold 10,000 shares of Blucora stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $29.23, for a total value of $292,300.00. Following the sale, the chief executive officer now owns 721,217 shares of the company’s stock, valued at approximately $21,081,172.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John S. Clendening sold 54,250 shares of Blucora stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $21.20, for a total value of $1,150,100.00. Following the completion of the sale, the chief executive officer now directly owns 704,467 shares in the company, valued at approximately $14,934,700.40. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new position in shares of Blucora in the 2nd quarter valued at about $67,000. Point72 Hong Kong Ltd bought a new position in shares of Blucora in the 2nd quarter valued at about $107,000. Sawtooth Solutions LLC bought a new position in shares of Blucora in the 1st quarter valued at about $205,000. Ellington Management Group LLC bought a new position in shares of Blucora in the 2nd quarter valued at about $249,000. Finally, A.R.T. Advisors LLC bought a new position in shares of Blucora in the 2nd quarter valued at about $257,000. Institutional investors own 94.72% of the company’s stock.
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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