Cipher Capital LP Takes Position in Blucora, Inc. (BCOR)

Cipher Capital LP purchased a new position in Blucora, Inc. (NASDAQ:BCOR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,302 shares of the information services provider’s stock, valued at approximately $665,000. Cipher Capital LP owned approximately 0.06% of Blucora at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Blucora by 28.0% in the second quarter. Vanguard Group Inc. now owns 4,629,622 shares of the information services provider’s stock worth $98,148,000 after purchasing an additional 1,013,363 shares during the period. Prudential Financial Inc. grew its holdings in Blucora by 156.6% in the second quarter. Prudential Financial Inc. now owns 596,093 shares of the information services provider’s stock worth $12,638,000 after purchasing an additional 363,809 shares during the period. Teachers Advisors LLC grew its holdings in Blucora by 1.0% in the second quarter. Teachers Advisors LLC now owns 74,603 shares of the information services provider’s stock worth $1,582,000 after purchasing an additional 717 shares during the period. Alliancebernstein L.P. grew its holdings in Blucora by 231.4% in the second quarter. Alliancebernstein L.P. now owns 175,730 shares of the information services provider’s stock worth $3,725,000 after purchasing an additional 122,710 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Blucora by 36.2% in the second quarter. Renaissance Technologies LLC now owns 1,615,200 shares of the information services provider’s stock worth $34,242,000 after purchasing an additional 429,600 shares during the period. 87.33% of the stock is owned by institutional investors.

Shares of Blucora, Inc. (BCOR) opened at $20.00 on Monday. Blucora, Inc. has a fifty-two week low of $13.40 and a fifty-two week high of $26.15. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.65. The company has a market cap of $922.52, a P/E ratio of 15.75, a PEG ratio of 0.88 and a beta of -0.27.

Blucora (NASDAQ:BCOR) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.07. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The firm had revenue of $90.20 million for the quarter, compared to analysts’ expectations of $89.72 million. During the same quarter in the prior year, the company posted ($0.24) earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. sell-side analysts forecast that Blucora, Inc. will post 1.14 EPS for the current year.

A number of brokerages have weighed in on BCOR. BidaskClub upgraded shares of Blucora from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded shares of Blucora from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, August 2nd. TheStreet cut shares of Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. Finally, Benchmark Co. restated a “buy” rating and issued a $30.00 price objective on shares of Blucora in a report on Monday, November 20th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.00.

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Blucora Profile

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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