John S. Clendening Sells 54,250 Shares of Blucora Inc (NASDAQ:BCOR) Stock

Blucora Inc (NASDAQ:BCOR) CEO John S. Clendening sold 54,250 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $21.20, for a total transaction of $1,150,100.00. Following the sale, the chief executive officer now directly owns 704,467 shares of the company’s stock, valued at approximately $14,934,700.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NASDAQ BCOR traded up $0.13 on Wednesday, hitting $21.08. The stock had a trading volume of 429,800 shares, compared to its average volume of 323,153. Blucora Inc has a one year low of $20.00 and a one year high of $37.17. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 0.64 and a beta of 0.71. The company’s 50-day moving average is $22.00 and its two-hundred day moving average is $28.96.

Blucora (NASDAQ:BCOR) last posted its earnings results on Wednesday, August 7th. The information services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.71 by $0.12. Blucora had a net margin of 10.27% and a return on equity of 14.94%. The firm had revenue of $193.70 million during the quarter, compared to analysts’ expectations of $191.26 million. During the same quarter in the prior year, the firm earned $0.97 EPS. Blucora’s quarterly revenue was up 22.8% on a year-over-year basis. On average, sell-side analysts anticipate that Blucora Inc will post 1.67 earnings per share for the current year.



A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Blucora by 2.8% in the 2nd quarter. BlackRock Inc. now owns 7,103,096 shares of the information services provider’s stock worth $215,722,000 after purchasing an additional 192,034 shares during the last quarter. Vanguard Group Inc. grew its position in Blucora by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,917,736 shares of the information services provider’s stock worth $149,353,000 after purchasing an additional 35,410 shares during the last quarter. Renaissance Technologies LLC grew its position in Blucora by 2.0% in the 2nd quarter. Renaissance Technologies LLC now owns 2,733,300 shares of the information services provider’s stock worth $83,010,000 after purchasing an additional 54,600 shares during the last quarter. First Trust Advisors LP grew its position in Blucora by 7.4% in the 1st quarter. First Trust Advisors LP now owns 2,574,841 shares of the information services provider’s stock worth $85,948,000 after purchasing an additional 177,687 shares during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. grew its position in Blucora by 3.0% in the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 789,558 shares of the information services provider’s stock worth $23,979,000 after purchasing an additional 22,728 shares during the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.

BCOR has been the subject of a number of recent research reports. Barrington Research reaffirmed a “buy” rating and set a $36.00 price objective on shares of Blucora in a research report on Monday, August 12th. BidaskClub raised shares of Blucora from a “sell” rating to a “hold” rating in a research report on Friday, September 27th. Zacks Investment Research raised shares of Blucora from a “sell” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research report on Tuesday. Finally, ValuEngine raised shares of Blucora from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

About Blucora

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.

See Also: Coverage Ratio

Insider Buying and Selling by Quarter for Blucora (NASDAQ:BCOR)

Receive News & Ratings for Blucora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blucora and related companies with MarketBeat.com's FREE daily email newsletter.