Tibra Equities Europe Ltd Takes $1.27 Million Position in Blucora Inc (NASDAQ:BCOR)

Tibra Equities Europe Ltd acquired a new stake in shares of Blucora Inc (NASDAQ:BCOR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 58,700 shares of the information services provider’s stock, valued at approximately $1,270,000.

Other large investors have also recently modified their holdings of the company. FMR LLC boosted its position in Blucora by 47.3% during the 1st quarter. FMR LLC now owns 670,352 shares of the information services provider’s stock valued at $22,376,000 after acquiring an additional 215,375 shares in the last quarter. Scout Investments Inc. lifted its holdings in shares of Blucora by 63.5% during the 2nd quarter. Scout Investments Inc. now owns 208,607 shares of the information services provider’s stock valued at $6,335,000 after purchasing an additional 81,051 shares during the last quarter. First Hawaiian Bank lifted its holdings in shares of Blucora by 27.9% during the 2nd quarter. First Hawaiian Bank now owns 10,500 shares of the information services provider’s stock valued at $319,000 after purchasing an additional 2,290 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Blucora by 3.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 19,278 shares of the information services provider’s stock valued at $585,000 after purchasing an additional 700 shares during the last quarter. Finally, AE Wealth Management LLC purchased a new stake in shares of Blucora during the 2nd quarter valued at $309,000. 94.74% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:BCOR traded up $0.52 during trading on Friday, reaching $19.69. 14,564 shares of the company’s stock traded hands, compared to its average volume of 289,183. Blucora Inc has a fifty-two week low of $18.40 and a fifty-two week high of $37.17. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.55. The firm has a market cap of $1.09 billion, a PE ratio of 13.02, a P/E/G ratio of 0.67 and a beta of 0.68. The company has a 50-day simple moving average of $21.31 and a 200-day simple moving average of $27.01.

Blucora (NASDAQ:BCOR) last posted its earnings results on Wednesday, November 6th. The information services provider reported ($0.20) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.20). Blucora had a return on equity of 14.94% and a net margin of 10.27%. The firm had revenue of $149.00 million for the quarter, compared to analysts’ expectations of $148.58 million. During the same period last year, the firm earned ($0.09) EPS. The company’s quarterly revenue was up 56.2% on a year-over-year basis. On average, equities research analysts forecast that Blucora Inc will post 1.66 EPS for the current year.

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In other news, CEO John S. Clendening sold 54,250 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $21.20, for a total transaction of $1,150,100.00. Following the sale, the chief executive officer now directly owns 704,467 shares in the company, valued at approximately $14,934,700.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.40% of the stock is owned by company insiders.

Several brokerages have recently commented on BCOR. ValuEngine upgraded Blucora from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Craig Hallum decreased their price objective on Blucora from $40.00 to $30.00 and set an “in-line” rating for the company in a report on Thursday. Barrington Research set a $36.00 price objective on Blucora and gave the company a “buy” rating in a report on Friday, October 11th. BidaskClub upgraded Blucora from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Zacks Investment Research downgraded Blucora from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.00.

About Blucora

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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