Municipal Employees Retirement System of Michigan Sells 1,890 Shares of BLUCORA INC Common Stock (BC

Municipal Employees Retirement System of Michigan cut its holdings in BLUCORA INC Common Stock (NASDAQ:BCOR) by 3.7% in the 2nd quarter, Holdings Channel reports. The firm owned 49,230 shares of the information services provider’s stock after selling 1,890 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in BLUCORA INC Common Stock were worth $1,822,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in BLUCORA INC Common Stock by 17.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 743,835 shares of the information services provider’s stock worth $16,438,000 after purchasing an additional 111,971 shares during the last quarter. Global X Management Co. LLC lifted its stake in BLUCORA INC Common Stock by 86.5% in the first quarter. Global X Management Co. LLC now owns 51,641 shares of the information services provider’s stock worth $1,270,000 after purchasing an additional 23,956 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in BLUCORA INC Common Stock in the fourth quarter worth $368,000. Geode Capital Management LLC lifted its stake in BLUCORA INC Common Stock by 13.5% in the fourth quarter. Geode Capital Management LLC now owns 414,632 shares of the information services provider’s stock worth $9,163,000 after purchasing an additional 49,328 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in BLUCORA INC Common Stock by 33.5% in the fourth quarter. Alliancebernstein L.P. now owns 200,930 shares of the information services provider’s stock worth $4,441,000 after purchasing an additional 50,370 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

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Several research firms have weighed in on BCOR. BidaskClub raised shares of BLUCORA INC Common Stock from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 6th. Benchmark reissued a “buy” rating and issued a $42.00 price target on shares of BLUCORA INC Common Stock in a research note on Thursday, May 10th. JPMorgan Chase & Co. began coverage on shares of BLUCORA INC Common Stock in a research note on Thursday, July 12th. They issued a “neutral” rating and a $42.00 price target for the company. Craig Hallum set a $47.00 price target on shares of BLUCORA INC Common Stock and gave the stock a “buy” rating in a research note on Thursday, June 7th. Finally, Zacks Investment Research downgraded shares of BLUCORA INC Common Stock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $38.21.

Shares of BLUCORA INC Common Stock opened at $37.65 on Friday, Marketbeat reports. The stock has a market cap of $1.79 billion, a PE ratio of 25.54, a PEG ratio of 1.21 and a beta of -0.04. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.50. BLUCORA INC Common Stock has a 12 month low of $19.05 and a 12 month high of $40.60.

BLUCORA INC Common Stock (NASDAQ:BCOR) last issued its quarterly earnings data on Wednesday, May 9th. The information services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $0.97 by $0.23. The firm had revenue of $206.00 million during the quarter, compared to the consensus estimate of $195.65 million. BLUCORA INC Common Stock had a net margin of 7.84% and a return on equity of 13.11%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 earnings per share. equities analysts anticipate that BLUCORA INC Common Stock will post 1.57 earnings per share for the current year.

In other news, insider Mathieu Frederic Stevenson sold 16,786 shares of the company’s stock in a transaction dated Wednesday, April 25th. The shares were sold at an average price of $25.85, for a total transaction of $433,918.10. Following the completion of the transaction, the insider now directly owns 40,846 shares of the company’s stock, valued at $1,055,869.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John S. Clendening sold 35,516 shares of the company’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $29.06, for a total transaction of $1,032,094.96. Following the transaction, the chief executive officer now directly owns 624,392 shares of the company’s stock, valued at $18,144,831.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,906 shares of company stock valued at $4,659,085. Insiders own 2.91% of the company’s stock.

About BLUCORA INC Common Stock

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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