Piedmont Investment Advisors LLC Takes $248,000 Position in Blucora, Inc. (BCOR)

Piedmont Investment Advisors LLC bought a new stake in Blucora, Inc. (NASDAQ:BCOR) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,787 shares of the information services provider’s stock, valued at approximately $248,000.

Other hedge funds have also modified their holdings of the company. Sei Investments Co. boosted its holdings in shares of Blucora by 15,869.2% in the 3rd quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock valued at $110,000 after purchasing an additional 4,126 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Blucora in the 3rd quarter valued at $124,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Blucora in the 2nd quarter valued at $179,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Blucora by 7.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,340 shares of the information services provider’s stock valued at $198,000 after purchasing an additional 620 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Blucora in the 3rd quarter valued at $201,000. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Blucora, Inc. (BCOR) opened at $22.55 on Monday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.65. Blucora, Inc. has a twelve month low of $14.25 and a twelve month high of $26.15. The firm has a market capitalization of $1,040.00, a price-to-earnings ratio of 17.76, a P/E/G ratio of 0.99 and a beta of -0.32.

Blucora (NASDAQ:BCOR) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.07. Blucora had a positive return on equity of 11.94% and a negative net margin of 0.46%. The company had revenue of $90.20 million for the quarter, compared to the consensus estimate of $89.72 million. During the same quarter last year, the business posted ($0.24) EPS. Blucora’s revenue for the quarter was up 8.4% on a year-over-year basis. research analysts forecast that Blucora, Inc. will post 1.14 earnings per share for the current year.

A number of equities research analysts have weighed in on BCOR shares. TheStreet downgraded Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. Zacks Investment Research downgraded Blucora from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. BidaskClub raised Blucora from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Benchmark reissued a “buy” rating and set a $30.00 price objective on shares of Blucora in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $27.00.

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Blucora Profile

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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Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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