Shares of CoreLogic, Inc. (NYSE:CLGX) have earned an average rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $44.14.
CLGX has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $46.00 price target on shares of CoreLogic in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of CoreLogic from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub upgraded shares of CoreLogic from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Oppenheimer Holdings, Inc. lifted their price target on shares of CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th.
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In related news, insider Barry M. Sando sold 23,200 shares of CoreLogic stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $47.01, for a total transaction of $1,090,632.00. Following the completion of the transaction, the insider now directly owns 156,661 shares in the company, valued at approximately $7,364,633.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frank Martell sold 35,392 shares of CoreLogic stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $47.11, for a total value of $1,667,317.12. Following the transaction, the chief executive officer now owns 251,344 shares of the company’s stock, valued at $11,840,815.84. The disclosure for this sale can be found here. Insiders have sold a total of 66,242 shares of company stock valued at $3,105,193 over the last 90 days. Insiders own 1.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Somerset Trust Co grew its stake in CoreLogic by 0.4% in the 2nd quarter. Somerset Trust Co now owns 10,666 shares of the business services provider’s stock worth $463,000 after acquiring an additional 47 shares during the period. World Asset Management Inc grew its stake in CoreLogic by 2.1% in the 2nd quarter. World Asset Management Inc now owns 5,854 shares of the business services provider’s stock worth $254,000 after acquiring an additional 120 shares during the period. Capstone Asset Management Co. grew its stake in CoreLogic by 1.1% in the 2nd quarter. Capstone Asset Management Co. now owns 11,682 shares of the business services provider’s stock worth $507,000 after acquiring an additional 130 shares during the period. Advantus Capital Management Inc grew its stake in CoreLogic by 1.3% in the 1st quarter. Advantus Capital Management Inc now owns 10,802 shares of the business services provider’s stock worth $440,000 after acquiring an additional 141 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. grew its stake in CoreLogic by 0.7% in the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 37,916 shares of the business services provider’s stock worth $1,543,000 after acquiring an additional 275 shares during the period. Hedge funds and other institutional investors own 88.15% of the company’s stock.
Shares of CoreLogic (CLGX) traded up 0.22% during trading on Friday, hitting $49.10. The company’s stock had a trading volume of 328,642 shares. The stock has a market cap of $4.14 billion, a PE ratio of 45.09 and a beta of 0.93. CoreLogic has a one year low of $34.59 and a one year high of $49.30. The company has a 50-day moving average price of $46.91 and a 200-day moving average price of $44.05.
CoreLogic (NYSE:CLGX) last posted its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.72 earnings per share (EPS) 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 company had revenue of $473.98 million during the quarter, compared to the consensus estimate of $478.72 million. During the same period last year, the firm earned $0.65 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities analysts predict that CoreLogic will post $2.33 EPS for the current fiscal year.
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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