Blucora Inc (BCOR) Position Raised by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust boosted its position in Blucora Inc (NASDAQ:BCOR) by 25.0% in the 1st quarter, Holdings Channel reports. The firm owned 53,089 shares of the information services provider’s stock after acquiring an additional 10,629 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Blucora were worth $1,772,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of BCOR. Nordea Investment Management AB lifted its position in Blucora by 0.9% during the fourth quarter. Nordea Investment Management AB now owns 45,100 shares of the information services provider’s stock worth $1,202,000 after acquiring an additional 400 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its position in Blucora by 4.0% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 11,409 shares of the information services provider’s stock worth $304,000 after acquiring an additional 444 shares during the last quarter. Arizona State Retirement System lifted its position in Blucora by 0.7% during the first quarter. Arizona State Retirement System now owns 74,360 shares of the information services provider’s stock worth $2,482,000 after acquiring an additional 487 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Blucora by 3.5% during the fourth quarter. State of Alaska Department of Revenue now owns 16,037 shares of the information services provider’s stock worth $427,000 after acquiring an additional 548 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Blucora by 23.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the information services provider’s stock worth $90,000 after acquiring an additional 650 shares during the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.

Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Blucora from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. BidaskClub downgraded shares of Blucora from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Barrington Research restated a “buy” rating on shares of Blucora in a research report on Friday, February 1st. Finally, ValuEngine downgraded shares of Blucora from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $43.25.



Shares of BCOR opened at $31.73 on Tuesday. Blucora Inc has a 12 month low of $23.83 and a 12 month high of $41.35. The company has a market cap of $1.52 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 0.80 and a beta of 0.57. The company has a current ratio of 2.43, a quick ratio of 2.71 and a debt-to-equity ratio of 0.39.

Blucora (NASDAQ:BCOR) last announced its earnings results on Wednesday, May 8th. The information services provider reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.18. Blucora had a net margin of 11.57% and a return on equity of 16.14%. The company had revenue of $225.80 million for the quarter, compared to analysts’ expectations of $224.95 million. During the same period last year, the firm earned $1.20 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, equities analysts predict that Blucora Inc will post 2.02 EPS for the current year.

In other news, CEO Todd C. Mackay sold 7,267 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $33.37, for a total transaction of $242,499.79. Following the transaction, the chief executive officer now directly owns 43,939 shares of the company’s stock, valued at $1,466,244.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd C. Mackay sold 9,084 shares of Blucora stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $32.50, for a total transaction of $295,230.00. Following the completion of the transaction, the chief executive officer now directly owns 45,939 shares in the company, valued at $1,493,017.50. The disclosure for this sale can be found here. Insiders have sold 21,951 shares of company stock worth $733,730 over the last ninety days. Insiders own 3.40% of the company’s stock.

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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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Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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