Blucora Inc (BCOR) Stake Decreased by Voya Investment Management LLC

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Voya Investment Management LLC reduced its holdings in Blucora Inc (NASDAQ:BCOR) by 63.2% during the second quarter, Holdings Channel reports. The institutional investor owned 18,952 shares of the information services provider’s stock after selling 32,536 shares during the quarter. Voya Investment Management LLC’s holdings in Blucora were worth $701,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Blucora in the 2nd quarter worth approximately $103,000. SG Americas Securities LLC bought a new stake in shares of Blucora during the first quarter valued at approximately $119,000. CIBC Asset Management Inc bought a new stake in shares of Blucora during the second quarter valued at approximately $214,000. Crossmark Global Holdings Inc. bought a new stake in shares of Blucora during the second quarter valued at approximately $266,000. Finally, Amalgamated Bank bought a new stake in shares of Blucora during the second quarter valued at approximately $274,000. Hedge funds and other institutional investors own 94.13% of the company’s stock.

NASDAQ BCOR opened at $33.17 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.99 and a current ratio of 2.99. Blucora Inc has a twelve month low of $19.05 and a twelve month high of $41.35. The company has a market cap of $1.92 billion, a P/E ratio of 27.19, a PEG ratio of 1.43 and a beta of -0.22.

Blucora (NASDAQ:BCOR) last released its quarterly earnings results on Wednesday, August 1st. The information services provider reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.11. Blucora had a return on equity of 14.82% and a net margin of 13.31%. The company had revenue of $157.80 million for the quarter, compared to analyst estimates of $154.46 million. During the same period in the previous year, the company posted $0.70 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. Research analysts predict that Blucora Inc will post 1.61 EPS for the current fiscal year.

In other Blucora news, Director H. Mcintyre Gardner sold 2,300 shares of the business’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $35.70, for a total value of $82,110.00. Following the sale, the director now directly owns 14,717 shares of the company’s stock, valued at $525,396.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert D. Oros sold 6,075 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $34.30, for a total value of $208,372.50. Following the completion of the sale, the chief executive officer now directly owns 51,111 shares in the company, valued at $1,753,107.30. The disclosure for this sale can be found here. Insiders have sold 118,128 shares of company stock worth $4,433,481 over the last 90 days. 2.91% of the stock is currently owned by corporate insiders.

Several equities research analysts recently weighed in on BCOR shares. BidaskClub upgraded Blucora from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 21st. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Monday, August 6th. Finally, JPMorgan Chase & Co. started coverage on Blucora in a research report on Thursday, July 12th. They set a “neutral” rating and a $42.00 price target on the stock. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $38.21.

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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Institutional Ownership by Quarter for Blucora (NASDAQ:BCOR)

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