Blucora (NASDAQ:BCOR) Stock Rating Update by

Blucora (NASDAQ:BCOR – Get an assessment) has been updated by analysts from from a “hold” rating to a “buy” rating in a research report released Monday to clients and investors.

Shares of Blucora rose $0.38 in midday trading on Monday, hitting $18.82. The company had a trading volume of 316,822 shares, compared to an average volume of 445,918. The company’s 50-day simple moving average is $17.82 and its two-hundred-day simple moving average is 18, $06. The stock has a market capitalization of $889.21 million, a PE ratio of 67.22, a P/E/G ratio of 0.99 and a beta of 1.44. The company has a debt ratio of 1.59, a current ratio of 1.86 and a quick ratio of 1.86. Blucora has a 1-year low of $14.51 and a 1-year high of $21.40.

Blucora (NASDAQ:BCOR – Get an assessment) last reported quarterly earnings data on Wednesday, May 4. The information services provider reported earnings per share (EPS) of $0.94 for the quarter, missing the consensus estimate of $1.10 per ($0.16). The company posted revenue of $307.60 million in the quarter, compared to analyst estimates of $324.56 million. Blucora had a return on equity of 19.46% and a net margin of 1.61%. The company’s revenue increased 10.5% year over year. In the same quarter a year earlier, the company posted EPS of $0.95. On average, sell-side analysts expect Blucora to post EPS of 1.24 for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new stake in Blucora during the fourth quarter at a value of $27,000. Captrust Financial Advisors increased its stake in Blucora by 104.3% during the first quarter. Captrust Financial Advisors now owns 2,936 shares of the information services provider worth $57,000 after buying an additional 1,499 shares last quarter. Econ Financial Services Corp bought a new position in shares of Blucora during the first quarter worth $126,000. SG Americas Securities LLC bought a new position in shares of Blucora during the first quarter at a value of $132,000. Finally, Metropolitan Life Insurance Co NY increased its holdings of Blucora shares by 23.4% during the third quarter. Metropolitan Life Insurance Co NY now owns 13,052 shares of the information services provider valued at $203,000 after acquiring an additional 2,475 shares during the period. Hedge funds and other institutional investors hold 94.34% of the company’s shares.

About Blucora (Get an assessment)

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, tax professionals, financial advisors, and chartered 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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