John S. Clendening Sells 77,750 Shares of Blucora Inc (BCOR) Stock

Blucora Inc (NASDAQ:BCOR) insider John S. Clendening sold 77,750 shares of Blucora stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $24.33, for a total value of $1,891,657.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

John S. Clendening also recently made the following trade(s):

  • On Thursday, February 22nd, John S. Clendening sold 35,150 shares of Blucora stock. The shares were sold at an average price of $24.46, for a total value of $859,769.00.

Blucora Inc (NASDAQ BCOR) remained flat at $$24.50 during mid-day trading on Thursday. 319,259 shares of the stock traded hands, compared to its average volume of 401,194. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.92 and a quick ratio of 2.23. The stock has a market capitalization of $1,130.00, a P/E ratio of 175.00, a P/E/G ratio of 0.73 and a beta of -0.17. Blucora Inc has a 1 year low of $15.30 and a 1 year high of $26.15.

Blucora (NASDAQ:BCOR) last announced its earnings results on Thursday, February 15th. The information services provider reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.13. The business had revenue of $97.85 million during the quarter, compared to the consensus estimate of $91.99 million. Blucora had a net margin of 5.31% and a return on equity of 11.22%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.18) earnings per share. sell-side analysts forecast that Blucora Inc will post 1.65 EPS for the current fiscal year.

BCOR has been the subject of several recent research reports. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Benchmark restated a “buy” rating and issued a $30.00 price objective on shares of Blucora in a report on Monday, November 20th. Zacks Investment Research upgraded Blucora from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Wednesday, November 1st. BidaskClub downgraded Blucora from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Finally, TheStreet downgraded Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $27.50.

A number of institutional investors have recently made changes to their positions in BCOR. Vanguard Group Inc. raised its holdings in 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 purchasing an additional 1,013,363 shares in the last quarter. Park West Asset Management LLC raised its holdings in Blucora by 57.1% in the fourth quarter. Park West Asset Management LLC now owns 1,490,500 shares of the information services provider’s stock worth $32,940,000 after purchasing an additional 541,900 shares in the last quarter. First Trust Advisors LP raised its holdings in Blucora by 28.4% in the fourth quarter. First Trust Advisors LP now owns 2,354,491 shares of the information services provider’s stock worth $52,034,000 after purchasing an additional 520,957 shares in the last quarter. Glenmede Trust Co. NA bought a new position in Blucora in the fourth quarter worth about $8,486,000. Finally, BlackRock Inc. raised its holdings in Blucora by 4.8% in the fourth quarter. BlackRock Inc. now owns 5,826,130 shares of the information services provider’s stock worth $128,756,000 after purchasing an additional 268,791 shares in the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Blucora (NASDAQ:BCOR)

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