Blucora (NASDAQ:BCOR) Shares Pass Above 200-Day Moving Average of $18.26

Blucora, Inc. (NASDAQ:BCORGet Rating) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.26 and traded as high as $19.72. Blucora shares last traded at $19.66, with a volume of 193,651 shares traded.

Analysts Set New Price Targets

A number of research firms have weighed in on BCOR. Cantor Fitzgerald assumed coverage on shares of Blucora in a report on Monday, July 11th. They set an “overweight” rating and a $22.00 target price on the stock. StockNews.com raised shares of Blucora from a “hold” rating to a “buy” rating in a research note on Monday, June 27th.

Blucora Stock Up 1.8 %

The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.59. The stock’s 50-day moving average is $17.82 and its 200-day moving average is $18.26. The company has a market cap of $928.90 million, a price-to-earnings ratio of 70.22, a P/E/G ratio of 0.98 and a beta of 1.33.

Blucora (NASDAQ:BCORGet Rating) last released its earnings results on Wednesday, May 4th. The information services provider reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.16). Blucora had a net margin of 1.61% and a return on equity of 19.46%. The company had revenue of $307.60 million for the quarter, compared to analyst estimates of $324.56 million. During the same quarter in the previous year, the firm earned $0.95 EPS. The firm’s revenue was up 10.5% on a year-over-year basis. On average, analysts anticipate that Blucora, Inc. will post 1.31 earnings per share for the current fiscal year.

Institutional Trading of Blucora

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Blucora by 1.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 228,998 shares of the information services provider’s stock valued at $4,227,000 after purchasing an additional 3,124 shares during the last quarter. KBC Group NV purchased a new stake in shares of Blucora in the second quarter valued at about $74,000. Allspring Global Investments Holdings LLC grew its position in Blucora by 113.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,693 shares of the information services provider’s stock valued at $31,000 after buying an additional 899 shares during the period. Money Concepts Capital Corp grew its position in Blucora by 8.9% during the second quarter. Money Concepts Capital Corp now owns 14,786 shares of the information services provider’s stock valued at $278,000 after buying an additional 1,209 shares during the period. Finally, State of Alaska Department of Revenue grew its position in Blucora by 5.5% during the second quarter. State of Alaska Department of Revenue now owns 35,739 shares of the information services provider’s stock valued at $659,000 after buying an additional 1,850 shares during the period. Hedge funds and other institutional investors own 94.34% of the company’s stock.

About Blucora

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Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, tax professionals, financial advisors, and certified public accounting firms 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.

Further Reading

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