Insider Selling: Blucora Inc (NASDAQ:BCOR) Director Sells 6,432 Shares of Stock

Blucora Inc (NASDAQ:BCOR) Director Mary Slagle Zappone sold 6,432 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $31.52, for a total transaction of $202,736.64. Following the sale, the director now owns 33,864 shares in the company, valued at $1,067,393.28. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of BCOR stock opened at $30.37 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. The company has a market cap of $1.42 billion, a P/E ratio of 14.52, a P/E/G ratio of 0.79 and a beta of 0.68. The stock has a 50-day moving average of $31.50. Blucora Inc has a one year low of $23.83 and a one year high of $41.35.

Blucora (NASDAQ:BCOR) last issued its earnings results on Wednesday, May 8th. The information services provider reported $1.56 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.18. The business 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 for the quarter 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. As a group, analysts expect that Blucora Inc will post 1.85 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new position in shares of Blucora during the fourth quarter valued at approximately $51,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Blucora by 23.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the information services provider’s stock valued at $90,000 after purchasing an additional 650 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Blucora by 297.8% during the fourth quarter. LS Investment Advisors LLC now owns 5,378 shares of the information services provider’s stock valued at $143,000 after purchasing an additional 4,026 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Blucora by 112.2% during the first quarter. Bank of Montreal Can now owns 6,127 shares of the information services provider’s stock valued at $205,000 after purchasing an additional 3,239 shares in the last quarter. Finally, Sawtooth Solutions LLC bought a new position in shares of Blucora during the first quarter valued at approximately $205,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

A number of research firms recently weighed in on BCOR. Zacks Investment Research raised shares of Blucora from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. BidaskClub lowered shares of Blucora from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 23rd. Barrington Research reissued a “buy” rating and issued a $41.00 price objective on shares of Blucora in a research report on Wednesday, March 20th. Finally, ValuEngine downgraded shares of Blucora from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $42.00.

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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