Fuller & Thaler Asset Management Inc. grew its holdings in Blucora Inc (NASDAQ:BCOR) by 98.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 510,588 shares of the information services provider’s stock after buying an additional 253,588 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Blucora were worth $11,284,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of BCOR. Sei Investments Co. raised its position in shares of Blucora by 15,869.2% in the third quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock valued at $110,000 after buying an additional 4,126 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Blucora in the third quarter valued at about $124,000. US Bancorp DE grew its holdings in shares of Blucora by 697.0% in the fourth quarter. US Bancorp DE now owns 8,185 shares of the information services provider’s stock valued at $181,000 after purchasing an additional 7,158 shares during the period. Trexquant Investment LP purchased a new stake in shares of Blucora in the third quarter valued at about $201,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Blucora in the third quarter valued at about $204,000. Institutional investors and hedge funds own 94.43% of the company’s stock.
A number of brokerages recently issued reports on BCOR. Benchmark reissued a “buy” rating and issued a $32.00 price objective on shares of Blucora in a report on Friday, February 16th. BidaskClub raised shares of Blucora from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. TheStreet raised shares of Blucora from a “c” rating to a “b” rating in a report on Thursday, February 15th. Zacks Investment Research lowered shares of Blucora from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, ValuEngine raised shares of Blucora from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Blucora currently has a consensus rating of “Buy” and an average price target of $27.50.
Blucora Inc (BCOR) opened at $24.65 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.23 and a current ratio of 1.92. The firm has a market cap of $1,142.92, a PE ratio of 42.50, a price-to-earnings-growth ratio of 0.75 and a beta of -0.17. Blucora Inc has a 12 month low of $15.30 and a 12 month high of $26.15.
Blucora (NASDAQ:BCOR) last announced its earnings results on Thursday, February 15th. The information services provider reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.13. The company had revenue of $97.85 million during the quarter, compared to analyst estimates of $91.99 million. Blucora had a net margin of 5.31% and a return on equity of 11.22%. Blucora’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) earnings per share. equities analysts forecast that Blucora Inc will post 1.65 EPS for the current year.
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Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.
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