阿拉斯加州税务局出售的Blucora, Inc.（纳斯达克股票代码：BCOR）股票

State of Alaska Department of Revenue reduced its position in shares of Blucora, Inc. (NASDAQ:BCOR – Get Rating) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,107 shares of the information services provider's stock after selling 2,632 shares during the period. State of Alaska Department of Revenue owned about 0.07% of Blucora worth $640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BCOR. Allspring Global Investments Holdings LLC increased its position in Blucora by 113.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,693 shares of the information services provider's stock worth $31,000 after buying an additional 899 shares during the period. Captrust Financial Advisors increased its position in Blucora by 104.3% in the first quarter. Captrust Financial Advisors now owns 2,936 shares of the information services provider's stock worth $57,000 after buying an additional 1,499 shares during the period. KBC Group NV acquired a new stake in Blucora in the second quarter worth $74,000. Counterpoint Mutual Funds LLC increased its position in Blucora by 64.6% in the second quarter. Counterpoint Mutual Funds LLC now owns 7,237 shares of the information services provider's stock worth $134,000 after buying an additional 2,839 shares during the period. Finally, SG Americas Securities LLC increased its position in Blucora by 14.8% in the second quarter. SG Americas Securities LLC now owns 7,773 shares of the information services provider's stock worth $143,000 after buying an additional 1,004 shares during the period. 92.35% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Blucora

In other news, Director Kanayalal Amritlal Kotecha bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, November 17th. The stock was acquired at an average price of $23.73 per share, with a total value of $118,650.00. Following the completion of the purchase, the director now directly owns 19,952 shares of the company's stock, valued at approximately $473,460.96. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.35% of the company's stock.

Wall Street Analyst Weigh In

BCOR has been the topic of a number of research analyst reports. StockNews.com lowered Blucora from a "buy" rating to a "hold" rating in a report on Thursday, October 20th. Barrington Research raised their price target on Blucora from $25.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, November 1st.

Blucora Price Performance

Shares of BCOR opened at $26.71 on Thursday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 47.70, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.51 and a current ratio of 2.51. Blucora, Inc. has a one year low of $15.10 and a one year high of $27.50. The stock's fifty day moving average is $24.47 and its 200-day moving average is $21.69.

Blucora (NASDAQ:BCOR – Get Rating) last issued its quarterly earnings results on Tuesday, November 1st. The information services provider reported ($0.29) EPS for the quarter, beating analysts' consensus estimates of ($0.30) by $0.01. Blucora had a return on equity of 15.60% and a net margin of 3.12%. The company had revenue of $171.70 million for the quarter, compared to analyst estimates of $163.09 million. During the same period last year, the company earned ($0.36) earnings per share. Equities analysts anticipate that Blucora, Inc. will post 1.35 EPS for the current year.

Blucora Company Profile

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Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, tax professionals, financial advisors, and certified public accounting firms 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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