Swiss National Bank continued to hold its position in Blucora Inc. (NASDAQ:BCOR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,900 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.16% of Blucora worth $683,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BCOR. Royce & Associates LP raised its position in Blucora by 11.8% in the first quarter. Royce & Associates LP now owns 1,281,253 shares of the company’s stock worth $6,611,000 after buying an additional 135,522 shares during the last quarter. ClariVest Asset Management LLC purchased a new position in Blucora during the second quarter worth about $5,226,000. Nordea Investment Management AB purchased a new position in Blucora during the second quarter worth about $2,600,000. Jacobs Levy Equity Management Inc. purchased a new position in Blucora during the first quarter worth about $636,000. Finally, Royal Bank of Canada raised its position in Blucora by 106.2% in the first quarter. Royal Bank of Canada now owns 36,231 shares of the company’s stock worth $187,000 after buying an additional 18,661 shares during the last quarter. 77.83% of the stock is owned by hedge funds and other institutional investors.
Shares of Blucora Inc. (NASDAQ:BCOR) traded down 1.22% during mid-day trading on Tuesday, hitting $11.35. 60,368 shares of the stock were exchanged. Blucora Inc. has a 1-year low of $4.69 and a 1-year high of $15.15. The firm’s market cap is $471.21 million. The company’s 50-day moving average is $10.86 and its 200-day moving average is $9.44.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Blucora had a negative net margin of 15.85% and a positive return on equity of 4.04%. The company earned $120.10 million during the quarter, compared to analysts’ expectations of $123.62 million. During the same quarter in the prior year, the company posted $0.48 EPS. The business’s revenue was up 288.7% on a year-over-year basis. Equities research analysts anticipate that Blucora Inc. will post $0.90 earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Blucora from a “buy” rating to a “hold” rating in a research note on Monday, August 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $11.10.
Blucora Company Profile
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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