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Sergey Savastiouk's Avatar
published in Blogs
Mar 19, 2019
TickeronGET DAILY SIGNALS
Blucora (BCOR, $33.70) announces $100 million share buyback and new acquisition plans

Blucora (BCOR, $33.70) announces $100 million share buyback and new acquisition plans

Blucora shares surged nearly +20% Tuesday, after the tech-enabled tax management & financial services company announced that it will spend $100 million on share buybacks, and that it plans to acquire tax-focused wealth management company 1st Global.

Chief Financial Officer Davinder Athwal  said that Blucora is focused on debt reduction and investments towards achieving long-term organic growth. He indicated that the $100 million share repurchase program would be an additional tool to deliver value to shareholders, and is a part of the company’s cash redeployment strategy. 

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a provider of technology enabled financial solutions to consumers, small business owners and tax professionals

Industry InvestmentManagers

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Internet Software Or Services
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3200 Olympus Boulevard
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+1 972 870-6400
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727
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https://www.avantax.com
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