Voya Investment Management LLC trimmed its position in shares of Blucora Inc (NASDAQ:BCOR) by 63.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,952 shares of the information services provider’s stock after selling 32,536 shares during the period. Voya Investment Management LLC’s holdings in Blucora were worth $701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BCOR. Advisory Services Network LLC purchased a new position in shares of Blucora during the 2nd quarter valued at about $103,000. SG Americas Securities LLC purchased a new position in shares of Blucora during the 1st quarter valued at about $119,000. CIBC Asset Management Inc purchased a new position in shares of Blucora during the 2nd quarter valued at about $214,000. Crossmark Global Holdings Inc. purchased a new position in shares of Blucora during the 2nd quarter valued at about $266,000. Finally, Amalgamated Bank purchased a new position in shares of Blucora during the 2nd quarter valued at about $274,000. 94.13% of the stock is currently owned by institutional investors.

Shares of Blucora stock 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. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 1.43 and a beta of -0.22. Blucora Inc has a one year low of $19.05 and a one year high of $41.35.

Blucora (NASDAQ:BCOR) last announced its quarterly earnings results on Wednesday, August 1st. The information services provider reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.11. The business had revenue of $157.80 million for the quarter, compared to analysts’ expectations of $154.46 million. Blucora had a return on equity of 14.82% and a net margin of 13.31%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. As a group, equities analysts expect that Blucora Inc will post 1.61 EPS for the current fiscal year.

BCOR has been the topic of a number of research reports. BidaskClub cut Blucora from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 30th. Zacks Investment Research raised Blucora from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Monday, August 6th. Finally, JPMorgan Chase & Co. initiated coverage on Blucora in a report on Thursday, July 12th. They set a “neutral” rating and a $42.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Blucora has an average rating of “Buy” and a consensus price target of $38.21.

In other Blucora news, Director Lance G. Dunn sold 27,000 shares of Blucora stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of $38.25, for a total value of $1,032,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John S. Clendening sold 79,000 shares of Blucora stock in a transaction that occurred on Tuesday, July 17th. The stock was sold at an average price of $37.66, for a total value of $2,975,140.00. Following the completion of the transaction, the insider now directly owns 672,564 shares in the company, valued at $25,328,760.24. The disclosure for this sale can be found here. Insiders sold a total of 118,128 shares of company stock worth $4,433,481 over the last ninety days. Insiders own 2.91% of the company’s stock.

Blucora Profile

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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