California Public Employees Retirement System boosted its holdings in Blucora, Inc. (NASDAQ:BCOR) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,400 shares of the information services provider’s stock after purchasing an additional 1,600 shares during the quarter. California Public Employees Retirement System owned 0.11% of Blucora worth $1,090,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BCOR. UBS Asset Management Americas Inc. raised its stake in Blucora by 43.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 18,499 shares of the information services provider’s stock worth $320,000 after purchasing an additional 5,600 shares in the last quarter. OppenheimerFunds Inc. raised its stake in Blucora by 42.2% in the 1st quarter. OppenheimerFunds Inc. now owns 21,755 shares of the information services provider’s stock worth $376,000 after purchasing an additional 6,455 shares in the last quarter. Principal Financial Group Inc. raised its stake in Blucora by 5.0% in the 1st quarter. Principal Financial Group Inc. now owns 295,613 shares of the information services provider’s stock worth $5,114,000 after purchasing an additional 14,133 shares in the last quarter. Legal & General Group Plc raised its stake in Blucora by 1.5% in the 1st quarter. Legal & General Group Plc now owns 64,776 shares of the information services provider’s stock worth $1,121,000 after purchasing an additional 937 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in Blucora by 5.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 21,970 shares of the information services provider’s stock worth $380,000 after purchasing an additional 1,230 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

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Blucora, Inc. (NASDAQ:BCOR) opened at $20.05 on Friday. The company has a market cap of $915.60, a P/E ratio of 15.63, a PEG ratio of 0.87 and a beta of -0.27. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.65. Blucora, Inc. has a 12-month low of $13.00 and a 12-month high of $26.15.

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

Several brokerages have recently commented on BCOR. BidaskClub upgraded shares of Blucora from a “buy” rating to a “strong-buy” rating in a research 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 target price for the company in a research report on Wednesday, August 2nd. ValuEngine cut shares of Blucora from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. TheStreet cut shares of Blucora from a “b-” rating to a “c” rating in a research report on Monday, October 30th. Finally, Barrington Research boosted their target price on shares of Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $25.25.

About Blucora

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.

Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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