Virtu Financial LLC Purchases New Position in Blucora, Inc. (NASDAQ:BCOR)

Virtu Financial LLC purchased a new stake in shares of Blucora, Inc. (NASDAQ:BCOR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,755 shares of the information services provider’s stock, valued at approximately $346,000.

Several other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Blucora by 6.6% in the 4th quarter. Principal Financial Group Inc. now owns 366,847 shares of the information services provider’s stock valued at $5,837,000 after purchasing an additional 22,739 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Blucora by 21.9% in the fourth quarter. JPMorgan Chase & Co. now owns 792,921 shares of the information services provider’s stock worth $12,615,000 after buying an additional 142,676 shares during the period. Cim Investment Mangement Inc. raised its holdings in shares of Blucora by 75.0% in the fourth quarter. Cim Investment Mangement Inc. now owns 27,629 shares of the information services provider’s stock worth $440,000 after buying an additional 11,839 shares during the period. Golden Gate Private Equity Inc. purchased a new stake in shares of Blucora in the fourth quarter worth approximately $10,222,000. Finally, New York Life Investments Alternatives purchased a new position in Blucora during the 4th quarter worth $382,000. 92.17% of the stock is owned by institutional investors and hedge funds.

Shares of Blucora stock opened at $16.68 on Thursday. The stock has a market cap of $804.63 million, a P/E ratio of -2.90, a P/E/G ratio of 0.84 and a beta of 1.64. The stock’s 50 day simple moving average is $16.79 and its 200-day simple moving average is $14.23. Blucora, Inc. has a 1-year low of $8.37 and a 1-year high of $18.41. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.73 and a quick ratio of 2.73.

Blucora (NASDAQ:BCOR) last released its quarterly earnings data on Tuesday, February 16th. The information services provider reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.11. Blucora had a positive return on equity of 11.19% and a negative net margin of 36.67%. The firm had revenue of $155.16 million for the quarter, compared to analysts’ expectations of $146.92 million. During the same period in the prior year, the firm posted ($0.10) earnings per share. As a group, research analysts expect that Blucora, Inc. will post 0.76 EPS for the current fiscal year.

Several research analysts have commented on BCOR shares. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, March 23rd. Barrington Research raised their price objective on Blucora from $16.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 17th. Finally, JPMorgan Chase & Co. initiated coverage on Blucora in a research report on Thursday, April 1st. They issued an “overweight” rating and a $22.00 price objective for the company. Four investment analysts have rated the stock with a buy rating, Blucora presently has a consensus rating of “Buy” and an average target price of $19.25.

Blucora Profile

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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