Blucora (NASDAQ:BCOR) Upgraded at StockNews.com

StockNews.com upgraded shares of Blucora (NASDAQ:BCOR – Get Rating) from a hold rating to a buy rating in a research note published on Monday morning.

NASDAQ:BCOR opened at $18.55 on Monday. The firm has a 50 day simple moving average of $17.73 and a 200-day simple moving average of $18.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $876.45 million, a PE ratio of 66.25, a P/E/G ratio of 0.99 and a beta of 1.44. Blucora has a 1-year low of $14.51 and a 1-year high of $21.40.

Blucora (NASDAQ:BCOR – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The information services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.16). Blucora had a net margin of 1.61% and a return on equity of 19.46%. The firm had revenue of $307.60 million during the quarter, compared to analyst estimates of $324.56 million. During the same period in the prior year, the firm earned $0.95 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts expect that Blucora will post 1.24 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of BCOR. Invesco Ltd. increased its position in Blucora by 2.8% during the third quarter. Invesco Ltd. now owns 630,908 shares of the information services provider’s stock worth $9,836,000 after purchasing an additional 17,443 shares during the last quarter. Metropolitan Life Insurance Co NY increased its position in Blucora by 23.4% during the third quarter. Metropolitan Life Insurance Co NY now owns 13,052 shares of the information services provider’s stock worth $203,000 after purchasing an additional 2,475 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Blucora by 166.9% during the third quarter. BNP Paribas Arbitrage SA now owns 51,059 shares of the information services provider’s stock worth $796,000 after purchasing an additional 31,928 shares during the last quarter. Jefferies Group LLC acquired a new position in Blucora during the third quarter worth approximately $395,000. Finally, Avantax Advisory Services Inc. increased its position in shares of Blucora by 12.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 59,691 shares of the information services provider’s stock worth $1,034,000 after acquiring an additional 6,555 shares in the last quarter. 94.34% of the stock is owned by hedge funds and other institutional investors.

Blucora Company Profile (Get Rating)

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, tax professionals, financial advisors, and certified public accounting firms 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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