Blucora (NASDAQ:BCOR) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Blucora (NASDAQ:BCOR) from a hold rating to a buy rating in a report published on Tuesday morning, Zacks.com reports. The brokerage currently has $33.00 target price on the information services provider’s stock.

According to Zacks, “Blucora, Inc. provides technology-enabled financial solutions to consumers, small businesses and tax professionals. The company’s products and services consist of tax preparation and wealth management, through TaxAct and HD Vest. TaxAct provides digital tax preparation solution for individuals, business owners and tax professionals. HD Vest Financial Services (R) supports an independent network of tax professionals who provide comprehensive financial planning solutions. Blucora, Inc. is based in IRVING, Texas. “

Several other equities analysts have also weighed in on BCOR. Barrington Research reissued a buy rating and issued a $41.00 price objective on shares of Blucora in a research report on Wednesday, March 20th. BidaskClub raised shares of Zebra Technologies from a hold rating to a buy rating in a research report on Saturday, July 6th. Finally, ValuEngine lowered shares of Zymeworks from a buy rating to a hold rating in a research report on Saturday, May 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Blucora presently has a consensus rating of Hold and a consensus price target of $39.67.



NASDAQ BCOR opened at $29.14 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.43 and a quick ratio of 2.43. The stock’s fifty day moving average price is $30.93. Blucora has a 1 year low of $23.83 and a 1 year high of $41.35. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 0.79 and a beta of 0.62.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Wednesday, May 8th. The information services provider reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.18. The company had revenue of $225.80 million for the quarter, compared to analyst estimates of $224.95 million. Blucora had a net margin of 11.57% and a return on equity of 16.14%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 earnings per share. As a group, sell-side analysts expect that Blucora will post 1.85 EPS for the current fiscal year.

In other Blucora news, Director Mary Slagle Zappone sold 6,432 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $31.52, for a total transaction of $202,736.64. Following the sale, the director now directly owns 33,864 shares in the company, valued at $1,067,393.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ann J. Bruder sold 5,600 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $35.00, for a total transaction of $196,000.00. Following the sale, the insider now owns 45,531 shares in the company, valued at $1,593,585. The disclosure for this sale can be found here. Insiders sold 82,514 shares of company stock worth $2,635,587 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in BCOR. Oregon Public Employees Retirement Fund boosted its stake in shares of Blucora by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 18,578 shares of the information services provider’s stock valued at $620,000 after purchasing an additional 336 shares in the last quarter. Nordea Investment Management AB raised its holdings in Blucora by 0.9% in the 4th quarter. Nordea Investment Management AB now owns 45,100 shares of the information services provider’s stock valued at $1,202,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System raised its holdings in Blucora by 0.7% in the 1st quarter. Arizona State Retirement System now owns 74,360 shares of the information services provider’s stock valued at $2,482,000 after buying an additional 487 shares during the last quarter. Mason Street Advisors LLC raised its holdings in Blucora by 3.9% in the 1st quarter. Mason Street Advisors LLC now owns 15,481 shares of the information services provider’s stock valued at $517,000 after buying an additional 584 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Blucora by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 33,569 shares of the information services provider’s stock valued at $894,000 after buying an additional 738 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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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