Blucora Inc (BCOR) Position Reduced by Gamco Investors INC. ET AL

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Gamco Investors INC. ET AL reduced its position in shares of Blucora Inc (NASDAQ:BCOR) by 78.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,554 shares of the information services provider’s stock after selling 65,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Blucora were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Quantamental Technologies LLC bought a new position in Blucora in the 4th quarter worth $51,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Blucora by 23.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the information services provider’s stock worth $90,000 after purchasing an additional 650 shares in the last quarter. LS Investment Advisors LLC raised its holdings in Blucora by 297.8% in the 4th quarter. LS Investment Advisors LLC now owns 5,378 shares of the information services provider’s stock worth $143,000 after purchasing an additional 4,026 shares in the last quarter. Bank of Montreal Can raised its holdings in Blucora by 112.2% in the 1st quarter. Bank of Montreal Can now owns 6,127 shares of the information services provider’s stock worth $205,000 after purchasing an additional 3,239 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in Blucora in the 1st quarter worth $211,000. Institutional investors own 98.92% of the company’s stock.

Several brokerages have commented on BCOR. Zacks Investment Research upgraded shares of Blucora from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. BidaskClub lowered shares of Blucora from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. ValuEngine upgraded shares of Blucora from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Finally, Barrington Research restated a “buy” rating on shares of Blucora in a report on Friday, February 1st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Blucora currently has a consensus rating of “Buy” and a consensus target price of $43.25.

Shares of NASDAQ BCOR opened at $32.46 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.43 and a quick ratio of 2.43. Blucora Inc has a 12 month low of $23.83 and a 12 month high of $41.35. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 0.85 and a beta of 0.57.

Blucora (NASDAQ:BCOR) last released its earnings results on Wednesday, May 8th. The information services provider reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.18. The firm had revenue of $225.80 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. Equities research analysts expect that Blucora Inc will post 1.85 EPS for the current year.

In other news, CEO John S. Clendening sold 54,250 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.67, for a total value of $1,718,097.50. Following the sale, the chief executive officer now directly owns 753,002 shares of the company’s stock, valued at approximately $23,847,573.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John S. Clendening sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $32.00, for a total transaction of $160,000.00. Following the completion of the sale, the chief executive officer now directly owns 753,002 shares in the company, valued at $24,096,064. The disclosure for this sale can be found here. Insiders sold a total of 85,807 shares of company stock worth $2,757,515 over the last ninety days. Insiders own 3.40% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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