IRVING, Texas, Aug. 16, 2019 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR), a leading provider of tax-smart financial solutions that empower people’s goals, today announced that it has recently completed its first repurchases of common shares under its $100 million share repurchase authorization. Blucora repurchased approximately 272,000 shares of its common shares at an average price of approximately $23.13 per share. The purchases were made under the authorization that was approved by the Board of Directors on March 19, 2019.

In addition, the company announced the establishment of a 10b5-1 trading plan to assist the company in repurchasing additional shares under the repurchase program. Repurchases under the plan may begin on September 15, 2019 and may continue until December 31, 2019. Any repurchases made under the plan are subject to Securities and Exchange Commission regulations, as well as certain price, volume, and timing considerations specified in the plan.

About Blucora®

Blucora, Inc. (NASDAQ: BCOR) is on the forefront of financial technology, pioneering tax-smart financial solutions that empower people’s goals. Blucora operates in two segments including wealth management, through its two industry-leading, tax-focused broker dealers, HD Vest and 1st Global, with a combined $67 billion in total client assets as of June 30, 2019; and tax preparation, through its TaxAct business, a leading tax preparation software with approximately 3 million consumer and professional users. With integrated tax and wealth management, Blucora is uniquely positioned to provide better long-term outcomes for customers with holistic, tax-advantaged solutions. For more information on Blucora, visit www.blucora.com.