Mckinley Capital Management LLC Delaware Takes Position in Blucora Inc (BCOR)

Mckinley Capital Management LLC Delaware purchased a new position in Blucora Inc (NASDAQ:BCOR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 106,776 shares of the information services provider’s stock, valued at approximately $2,360,000. Mckinley Capital Management LLC Delaware owned approximately 0.23% of Blucora at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased 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 acquiring an additional 1,013,363 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Blucora by 1.0% in the second quarter. Teachers Advisors LLC now owns 74,603 shares of the information services provider’s stock worth $1,582,000 after acquiring an additional 717 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Blucora by 3.3% in the third quarter. Ameriprise Financial Inc. now owns 347,372 shares of the information services provider’s stock worth $8,789,000 after acquiring an additional 11,251 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Blucora by 7.9% in the third quarter. Rhumbline Advisers now owns 87,720 shares of the information services provider’s stock worth $2,219,000 after acquiring an additional 6,455 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Blucora by 29.5% in the third quarter. Wells Fargo & Company MN now owns 237,450 shares of the information services provider’s stock worth $6,007,000 after acquiring an additional 54,021 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Blucora Inc (BCOR) opened at $23.50 on Thursday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1,083.96, a PE ratio of -261.08, a PEG ratio of 0.71 and a beta of -0.17. Blucora Inc has a 52-week low of $14.30 and a 52-week high of $26.15.

Several brokerages have issued reports on BCOR. BidaskClub upgraded Blucora from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Blucora from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Benchmark restated a “buy” rating and issued a $30.00 price target on shares of Blucora in a report on Monday, November 20th. Finally, TheStreet downgraded Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Blucora currently has an average rating of “Buy” and a consensus 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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