Wells Fargo & Company MN reduced its stake in CoreLogic, Inc. (NYSE:CLGX) by 12.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 937,021 shares of the business services provider’s stock after selling 132,363 shares during the quarter. Wells Fargo & Company MN owned approximately 1.11% of CoreLogic worth $40,648,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Karp Capital Management Corp bought a new position in CoreLogic in the 1st quarter worth $573,000. Vanguard Group Inc. raised its holdings in CoreLogic by 4.4% during the first quarter. Vanguard Group Inc. now owns 7,213,386 shares of the business services provider’s stock valued at $293,729,000 after acquiring an additional 301,853 shares during the period. Russell Investments Group Ltd. raised its holdings in CoreLogic by 536.2% during the second quarter. Russell Investments Group Ltd. now owns 45,198 shares of the business services provider’s stock valued at $1,961,000 after acquiring an additional 38,094 shares during the period. YG Partners LLC bought a new stake in CoreLogic during the first quarter valued at about $9,426,000. Finally, Hosking Partners LLP raised its holdings in CoreLogic by 1.6% during the second quarter. Hosking Partners LLP now owns 460,102 shares of the business services provider’s stock valued at $19,959,000 after acquiring an additional 7,355 shares during the period. 88.16% of the stock is currently owned by institutional investors.
CoreLogic, Inc. (NYSE:CLGX) opened at 46.54 on Tuesday. CoreLogic, Inc. has a 12 month low of $34.59 and a 12 month high of $48.02. The firm has a market capitalization of $3.92 billion, a P/E ratio of 42.74 and a beta of 0.95. The stock’s 50 day moving average price is $46.14 and its 200-day moving average price is $43.06.
CoreLogic (NYSE:CLGX) last announced its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. The business had revenue of $473.98 million for the quarter, compared to analyst estimates of $478.72 million. During the same period last year, the business earned $0.65 EPS. The company’s revenue was down 5.2% on a year-over-year basis. Equities analysts forecast that CoreLogic, Inc. will post $2.33 earnings per share for the current year.
Several equities research analysts have recently issued reports on CLGX shares. Barclays PLC lifted their target price on CoreLogic from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, June 9th. BidaskClub upgraded CoreLogic from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Robert W. Baird lifted their price target on CoreLogic from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered CoreLogic from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. boosted their target price on CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $45.00.
In related news, CEO Frank Martell sold 35,392 shares of CoreLogic stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $47.11, for a total transaction of $1,667,317.12. Following the sale, the chief executive officer now directly owns 251,344 shares in the company, valued at approximately $11,840,815.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul F. Folino sold 1,750 shares of CoreLogic stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $45.24, for a total transaction of $79,170.00. Following the sale, the director now owns 9,462 shares in the company, valued at $428,060.88. The disclosure for this sale can be found here. Insiders sold a total of 71,242 shares of company stock worth $3,325,193 over the last 90 days. Company insiders own 1.20% of the company’s stock.
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CoreLogic, Inc is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.
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