Blucora, Inc. (BCOR) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC grew its stake in Blucora, Inc. (NASDAQ:BCOR) by 960.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,967 shares of the information services provider’s stock after buying an additional 239,984 shares during the period. Gotham Asset Management LLC owned 0.59% of Blucora worth $5,617,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Blucora by 0.6% in the second quarter. BlackRock Inc. now owns 4,950,094 shares of the information services provider’s stock worth $104,942,000 after buying an additional 28,279 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Blucora by 28.0% in the second quarter. Vanguard Group Inc. now owns 4,629,622 shares of the information services provider’s stock worth $98,148,000 after buying an additional 1,013,363 shares during the last quarter. Park West Asset Management LLC raised its holdings in shares of Blucora by 0.6% in the first quarter. Park West Asset Management LLC now owns 2,000,000 shares of the information services provider’s stock worth $34,600,000 after buying an additional 12,705 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Blucora by 12.6% in the second quarter. First Trust Advisors LP now owns 1,994,802 shares of the information services provider’s stock worth $42,290,000 after buying an additional 223,249 shares during the last quarter. Finally, Numeric Investors LLC raised its holdings in shares of Blucora by 9.0% in the second quarter. Numeric Investors LLC now owns 1,630,726 shares of the information services provider’s stock worth $34,571,000 after buying an additional 134,700 shares during the last quarter. 90.15% of the stock is owned by institutional investors and hedge funds.

Shares of Blucora, Inc. (NASDAQ:BCOR) opened at 25.35 on Wednesday. The firm’s market cap is $1.14 billion. Blucora, Inc. has a 1-year low of $10.98 and a 1-year high of $26.15. The stock has a 50 day moving average of $24.13 and a 200-day moving average of $21.30.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Thursday, July 27th. The information services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. The business had revenue of $139.20 million during the quarter, compared to the consensus estimate of $136.07 million. Blucora had a negative net margin of 8.03% and a positive return on equity of 11.92%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. Equities analysts anticipate that Blucora, Inc. will post $1.36 EPS for the current fiscal year.

A number of research analysts have issued reports on the stock. BidaskClub raised shares of Blucora from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Zacks Investment Research raised shares of Blucora from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, August 2nd. ValuEngine cut shares of Blucora from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Barrington Research raised their price target on shares of Blucora from $23.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $25.50.

COPYRIGHT VIOLATION NOTICE: This story was first reported by Markets Daily and is the property of of Markets Daily. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.themarketsdaily.com/2017/10/11/blucora-inc-bcor-shares-bought-by-gotham-asset-management-llc.html.

About Blucora

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.

Want to see what other hedge funds are holding BCOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blucora, Inc. (NASDAQ:BCOR).

Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

Receive News & Ratings for Blucora Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blucora Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply