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AVTA
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Dec 1 closing price
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$25.99
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-$0.00 (-0.00%)
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956.74M
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Sergey Savastiouk's Avatar
published in Blogs
Mar 19, 2019
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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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Industry
Internet Software Or Services
Address
3200 Olympus Boulevard
Phone
+1 972 870-6400
Employees
727
Web
https://www.avantax.com
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