Blucora Inc (NASDAQ:BCOR) was the recipient of a significant growth in short interest in September. As of September 28th, there was short interest totalling 1,360,080 shares, a growth of 52.5% from the September 14th total of 891,841 shares. Based on an average daily trading volume, of 516,616 shares, the days-to-cover ratio is presently 2.6 days. Currently, 3.0% of the company’s stock are sold short.

Shares of NASDAQ BCOR opened at $33.17 on Friday. Blucora has a 52-week low of $19.05 and a 52-week high of $41.35. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.43 and a beta of -0.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.99 and a current ratio of 2.99.

Blucora (NASDAQ:BCOR) last announced its quarterly earnings results on Wednesday, August 1st. The information services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.11. The business had revenue of $157.80 million for the quarter, compared to analysts’ expectations of $154.46 million. Blucora had a return on equity of 14.82% and a net margin of 13.31%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. As a group, equities research analysts predict that Blucora will post 1.61 EPS for the current fiscal year.

In other Blucora news, insider John S. Clendening sold 79,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 17th. The stock was sold at an average price of $37.66, for a total transaction of $2,975,140.00. Following the sale, the insider now owns 672,564 shares in the company, valued at $25,328,760.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director H. Mcintyre Gardner sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $35.70, for a total value of $82,110.00. Following the sale, the director now owns 14,717 shares in the company, valued at approximately $525,396.90. The disclosure for this sale can be found here. Insiders have sold 118,128 shares of company stock worth $4,433,481 in the last 90 days. 2.91% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Blucora during the 2nd quarter worth approximately $103,000. Legal & General Group Plc raised its position in shares of Blucora by 2.9% during the 1st quarter. Legal & General Group Plc now owns 97,001 shares of the information services provider’s stock worth $2,369,000 after purchasing an additional 2,761 shares during the period. New York State Teachers Retirement System raised its position in shares of Blucora by 2.6% during the 2nd quarter. New York State Teachers Retirement System now owns 129,215 shares of the information services provider’s stock worth $4,781,000 after purchasing an additional 3,330 shares during the period. Rhumbline Advisers raised its position in shares of Blucora by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 112,889 shares of the information services provider’s stock worth $4,177,000 after purchasing an additional 3,569 shares during the period. Finally, Swiss National Bank raised its position in shares of Blucora by 4.8% during the 2nd quarter. Swiss National Bank now owns 78,000 shares of the information services provider’s stock worth $2,886,000 after purchasing an additional 3,600 shares during the period. Institutional investors and hedge funds own 94.13% of the company’s stock.

Several brokerages have issued reports on BCOR. BidaskClub upgraded Blucora from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. upgraded Blucora from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $42.00 to $45.00 in a research note on Friday, September 28th. Finally, Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Monday, August 6th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Blucora presently has a consensus rating of “Buy” and an average target price of $38.21.

Blucora Company Profile

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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