BCOR - BCOR STOCK NEWS

Jack Henry & Associates (NASDAQ: JKHY) announced a new board appointment and leadership change effective July 1, 2021. Curtis Campbell, previously with Blucora, Inc. (NASDAQ: BCOR), joins as a board member, bringing significant technology and customer experience expertise. David Foss, current president and CEO, will serve as the new board chair, following the retirement of Jack Prim. Foss, with over 22 years at Jack Henry, believes combining the roles of CEO and board chair will benefit stakeholders and align strategic objectives.

Blucora, a technology-enabled financial solutions provider, has raised its outlook for both Q2 and the full year 2021, driven by surprising tax software segment performance. The company anticipates second quarter total revenue between $250.0 - $254.5 million and full-year revenues of $855.0 - $876.0 million. Blucora forecasts wealth management revenue of $158.5 - $161.5 million for Q2, along with $91.5 - $93.0 million in tax software revenue. The Investor Day event will further discuss their outlook and business updates.

TaxAct has renewed its partnership with OpenFortune, becoming the exclusive tax filing partner for the media company known for distributing branded fortune cookies to over 21,000 restaurants nationwide. This collaboration enables TaxAct to educate millions of tax filers on tax advantages through creative messaging in fortune cookies. TaxAct aims to empower filers to maximize their tax refunds while enhancing their financial well-being. OpenFortune's Chief Cookie Officer emphasized the alignment of both companies' objectives in fostering financial prosperity.

Blucora, a leader in financial technology, announced a virtual Investor Day on June 15, 2021, streaming on its investor relations website. Key executives, including CEO Chris Walters and CFO Marc Mehlman, will present the company’s outlook and updates. Blucora operates in wealth management, with $85 billion in client assets, and tax software, serving millions of users. The event materials and replay will be accessible online. For further details, visit Blucora's investor page.

Blucora (NASDAQ: BCOR) reported Q1 2021 financial results with total revenue of $278.4 million, marking a 6% increase year-over-year. GAAP net income reached $27.6 million or $0.56 per diluted share. Non-GAAP net income was $51.0 million, translating to $1.04 per diluted share. Total client assets rose 39% year-over-year to $84.8 billion, boosted by a 56% increase in advisory assets. Free cash flow improved by 15% to $45.1 million, with a strong cash position of $191.8 million. The company also announced plans for a conference call today.

Blucora (NASDAQ: BCOR) will announce its Q1 2021 financial results on May 5, 2021, before market open. The company will host a conference call at 8:30 a.m. ET to discuss the results and provide an outlook. Blucora operates two segments: wealth management under Avantax Wealth Management, managing $83 billion in client assets, and TaxAct, a leader in tax preparation software with around 3 million consumer users and over 23,000 professional users in 2020. For further details, visit www.blucora.com.

Ancora Holdings, a significant shareholder of Blucora (NASDAQ: BCOR), expressed disappointment over the recent contest outcome but remains committed to its investment. Ancora urges Blucora's Board of Directors to evaluate all avenues for unlocking shareholder value. Their statement highlights the importance of assessing genuine offers for the company, especially given recent reports of strategic interest in Blucora. Ancora emphasizes the need for transparent engagement in these discussions to maximize value for all stakeholders.

Blucora (NASDAQ: BCOR) announced preliminary results from its annual stockholder meeting, revealing that all ten directors were re-elected by a substantial margin. The board expressed gratitude for stockholder engagement and feedback, acknowledging that the company has made significant strides over the past year. Final results will be confirmed and reported via a Form 8-K with the SEC. Blucora operates in financial technology, offering wealth management and tax preparation services, with a combined total of $83 billion in client assets across its segments.

Ancora Holdings owns approximately 3.4% of Blucora's stock and aims to elect four directors to its Board during the Annual Meeting on April 21, 2021. Ancora argues that the current Board's strategy has led to underperformance, with Blucora's stock down 34.66% since 2017, while the Russell 2000 rose 72.10%. They emphasize the need for accountability and relevant expertise in wealth management. Ancora's nominees include Frederick D. DiSanto and Cindy Schulze Flynn, who they say can better stabilize the Avantax business and unlock TaxAct's value. They encourage stockholders to support their candidates using the WHITE Proxy Card.