Blucora Inc (NASDAQ:BCOR) insider John David Palmer sold 4,606 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $31.63, for a total value of $145,687.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of BCOR traded down $0.21 during trading hours on Wednesday, hitting $31.51. 149,328 shares of the stock were exchanged, compared to its average volume of 254,240. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.43 and a current ratio of 2.43. Blucora Inc has a 12-month low of $23.83 and a 12-month high of $41.35. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 0.79 and a beta of 0.57.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings results on Wednesday, May 8th. The information services provider reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.18. Blucora had a return on equity of 16.14% and a net margin of 11.57%. The firm had revenue of $225.80 million during the quarter, compared to analysts’ expectations of $224.95 million. During the same period in the previous year, the business earned $1.20 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts predict that Blucora Inc will post 2.02 earnings per share for the current year.

Several research analysts have recently weighed in on BCOR shares. Barrington Research reaffirmed a “buy” rating on shares of Blucora in a research note on Friday, February 1st. BidaskClub raised Blucora from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. ValuEngine raised Blucora from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research upgraded Blucora from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $43.25.

Institutional investors and hedge funds have recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new stake in shares of Blucora during the fourth quarter worth approximately $51,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Blucora by 23.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the information services provider’s stock valued at $90,000 after buying an additional 650 shares in the last quarter. LS Investment Advisors LLC grew its holdings in Blucora by 297.8% in the 4th quarter. LS Investment Advisors LLC now owns 5,378 shares of the information services provider’s stock valued at $143,000 after buying an additional 4,026 shares in the last quarter. Bank of Montreal Can grew its holdings in Blucora by 112.2% in the 1st quarter. Bank of Montreal Can now owns 6,127 shares of the information services provider’s stock valued at $205,000 after buying an additional 3,239 shares in the last quarter. Finally, Sawtooth Solutions LLC purchased a new stake in Blucora in the 1st quarter valued at $205,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://theolympiareport.com/2019/05/15/blucora-inc-bcor-insider-john-david-palmer-sells-4606-shares.html.

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.

Read More: What is a conference call?

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

Receive News & Ratings for Blucora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blucora and related companies with MarketBeat.com's FREE daily email newsletter.