Blucora, Inc. (BCOR) News

Blucora, Inc. (BCOR): $25.06

0.01 (+0.04%)

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BCOR News Highlights

  • For BCOR, its 30 day story count is now at 10.
  • Over the past 13 days, the trend for BCOR's stories per day has been choppy and unclear. It has oscillated between 1 and 7.
  • LI, UL and NOV are the most mentioned tickers in articles about BCOR.

Latest BCOR News From Around the Web

Below are the latest news stories about BLUCORA INC that investors may wish to consider to help them evaluate BCOR as an investment opportunity.

20 Acquisitions in 20 Months Fuel Significant Growth of Avantax’s Employee-based RIA Model

DALLAS, Nov. 14, 2022 (GLOBE NEWSWIRE) -- A series of acquisitions has helped the Avantax® employee-based model to significantly grow total client assets and its geographic footprint. Two years ago, Avantax’s employee-based model had approximately $4.4 billion in total client assets, and a national footprint with a focus on the Midwest. Now, after a series of acquisitions complemented by organic growth, the employee-based model has grown total client assets to more than $7 billion (as of Sept. 3

Yahoo | November 14, 2022

Avantax Recruiting Success Continues During Third Quarter, Driving Year-to-Date Newly Recruited Assets to Approximately $1.3 Billion

Financial Professionals transferring to Avantax to access its deep network of CPAs and tax pros; recruits also looking to leverage Avantax’s tax-smart investing tools to better serve clientsDALLAS, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning, continued its record-breaking recruiting results as 74 independent Financial Professionals affiliated with Avantax during the third quarter of 2022, driving year-to-date newly recruited assets to approximately $1.3

Yahoo | November 8, 2022

Blucora: Company Transition After TaxAct Sale

The big news for Blucora, Inc. (BCOR) is the announcement it entered into a deal to sell of TaxAct to an affiliate of Cinven, heralding a transition of the company to a "tax-focused wealth management business."

After the deal closes at the end of the year, Blucora will be strongly positioned to build out its newly focused business, as the net proceeds from the deal is estimated to be about $620 million, which will be used to pay down debt, with post-paydown capital estimated to be in a range of $400-$450 million, much of which will be returned to shareholders.

In the near-term shareholders will be rewarded, while further out the comp...

Gary Bourgeault on Seeking Alpha | November 3, 2022

Blucora Non-GAAP EPS of -$0.20 misses by $0.01, revenue of $171.7M beats by $6.56M

  • Blucora press release (NASDAQ:BCOR): Q3 Non-GAAP EPS of -$0.20 misses by $0.01.
  • Revenue of $171.7M (-1.4% Y/Y) beats by $6.56M.
  • Blucora reported total revenue of $171.7 million, a decrease of 1% versus the third quarter of the prior year.
  • Avantax ended the third quarter with total client assets of $72.6 billion and advisory assets of $35.4 billion, or 48.8% of total clien...

    Seeking Alpha | November 1, 2022

SoFi Technologies among financials gainers, Opendoor in losers pack

  • Gainers: Mill City Ventures III (MCVT) +18%. Blucora (BCOR) +12%. SoFi Technologies (SOFI) +12%. Lion Group Holding (LGHL...

    Seeking Alpha | November 1, 2022

Blucora jumps 9% after agreeing to sell TaxAct for $720M

  • Blucora (NASDAQ:BCORrose 9% in premarket trading after agreeing to sell its TaxAct tax software business to an affiliate of Cinven for $720 million in cash.
  • After the sale of TaxAct, Blucora (BCOR) will rebrand as Avantax and focus on providing tax-focused wealth management through its independent broker dealer Avantax Wealth Management and its employee-based registered investment advisor Avantax Planning Partners, according to a...

    Seeking Alpha | November 1, 2022

Blucora to sell tax software business in $720M deal

Blucora Inc. will streamline its operations and cost structure to solely focus on becoming a pure-play tax-focused wealth management company

Yahoo | November 1, 2022

Blucora (BCOR) Reports Q3 Loss, Tops Revenue Estimates

Blucora (BCOR) delivered earnings and revenue surprises of -5.26% and 5.28%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Yahoo | November 1, 2022

Blucora Reports Third Quarter 2022 Results

DALLAS, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR), a leading provider of technology-enabled, tax focused financial solutions, today announced financial results for the third quarter ended September 30, 2022. Third Quarter Highlights and Recent Developments Avantax added newly recruited assets of $214 million during the third quarter for a total of approximately $1.3 billion during the first nine months of 2022. This exceeds full year 2021 newly recruited assets of $929 milli

Yahoo | November 1, 2022

Blucora to Become Avantax, a Pure-Play Leading U.S. Independent Broker-Dealer and Investment Advisor That Provides Tax-Focused Wealth Management Solutions

Has Entered Into Definitive Agreement to Sell Tax Software Business for $720 Million in Cash Company to Use Proceeds to Pay Down Debt and Return Excess Capital to Shareholders Company to Streamline Operations and Rebrand as Avantax after the Closing of the TaxAct Transaction Blucora to Host Conference Call Today at 8:30 a.m. ET DALLAS, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Blucora, Inc. (“Blucora” or the “Company”) (NASDAQ: BCOR) today announced that it has agreed to sell TaxAct, its tax software bu

Yahoo | November 1, 2022

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