California State Teachers Retirement System lowered its stake in Blucora Inc. (NASDAQ:BCOR) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,226 shares of the company’s stock after selling 4,462 shares during the period. California State Teachers Retirement System owned 0.20% of Blucora worth $852,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Arizona State Retirement System increased its stake in shares of Blucora by 5.0% in the first quarter. Arizona State Retirement System now owns 21,117 shares of the company’s stock valued at $109,000 after buying an additional 1,000 shares during the period. Fox Run Management L.L.C. acquired a new stake in Blucora during the second quarter valued at about $124,000. BNP Paribas Arbitrage SA increased its stake in Blucora by 104.1% in the second quarter. BNP Paribas Arbitrage SA now owns 13,486 shares of the company’s stock valued at $140,000 after buying an additional 6,877 shares during the last quarter. LaSalle Street Capital Management LLC acquired a new stake in Blucora during the second quarter valued at about $171,000. Finally, Royal Bank of Canada increased its stake in Blucora by 106.2% in the first quarter. Royal Bank of Canada now owns 36,231 shares of the company’s stock valued at $187,000 after buying an additional 18,661 shares during the last quarter. 77.83% of the stock is owned by institutional investors.
Blucora Inc. (NASDAQ:BCOR) traded down 0.09% during trading on Friday, reaching $11.20. 369,207 shares of the company’s stock were exchanged. Blucora Inc. has a 12 month low of $4.69 and a 12 month high of $15.15. The firm has a 50 day moving average of $10.81 and a 200-day moving average of $9.07. The stock’s market cap is $464.98 million.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Blucora had a positive return on equity of 4.04% and a negative net margin of 15.85%. The firm earned $120.10 million during the quarter, compared to the consensus estimate of $123.62 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s revenue was up 288.7% on a year-over-year basis. On average, equities research analysts anticipate that Blucora Inc. will post $0.90 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Blucora from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.10.
In other Blucora news, insider Joann Kintzel sold 3,538 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $10.54, for a total value of $37,290.52. Following the completion of the sale, the insider now owns 99,932 shares in the company, valued at $1,053,283.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.40% of the stock is owned by company insiders.
Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through two segments: the Wealth Management, which consists of the HD Vest, Inc (HD Vest) business, and the Tax Preparation, which consists of the TaxAct, Inc (TaxAct) business.
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