Blucora, Inc. (BCOR) Releases Quarterly Earnings Results
Blucora, Inc. (NASDAQ:BCOR) released its quarterly earnings results on Thursday. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.09. Blucora had a negative net margin of 27.61% and a positive return on equity of 3.38%. The company earned $86.80 million during the quarter, compared to the consensus estimate of $83.39 million. During the same period in the prior year, the firm earned ($0.19) earnings per share. Blucora’s revenue was up 2.1% on a year-over-year basis. Blucora updated its Q1 guidance to $0.90-0.98 EPS.
Blucora (NASDAQ:BCOR) opened at 15.30 on Friday. Blucora has a 1-year low of $4.69 and a 1-year high of $15.85. The company’s market capitalization is $638.30 million. The company has a 50-day moving average of $14.92 and a 200-day moving average of $12.96.
A number of equities analysts recently issued reports on the stock. Barrington Research increased their price target on shares of Blucora from $13.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, October 28th. Benchmark Co. reissued a “buy” rating and issued a $18.00 price target (up from $16.00) on shares of Blucora in a research note on Friday, December 30th.
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Several institutional investors have recently modified their holdings of BCOR. Thrivent Financial for Lutherans boosted its position in shares of Blucora by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,740 shares of the company’s stock worth $306,000 after buying an additional 1,280 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Blucora by 4.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 29,207 shares of the company’s stock worth $431,000 after buying an additional 1,145 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Blucora by 3.1% in the fourth quarter. Two Sigma Investments LP now owns 107,203 shares of the company’s stock worth $1,581,000 after buying an additional 3,173 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Blucora during the fourth quarter worth approximately $158,000. Finally, Systematic Financial Management LP acquired a new position in shares of Blucora during the fourth quarter worth approximately $1,739,000. 82.04% of the stock is owned by institutional investors and hedge funds.
Blucora Company Profile
Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through two segments: the Wealth Management, which consists of the HD Vest, Inc (HD Vest) business, and the Tax Preparation, which consists of the TaxAct, Inc (TaxAct) business.
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