CoreLogic, Inc. (NYSE:CLGX) CEO Frank Martell sold 35,392 shares of the business’s 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 directly owns 251,344 shares in the company, valued at approximately $11,840,815.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of CoreLogic, Inc. (NYSE CLGX) opened at 46.79 on Friday. CoreLogic, Inc. has a 1-year low of $34.59 and a 1-year high of $48.02. The company has a market capitalization of $3.94 billion, a PE ratio of 42.97 and a beta of 0.95. The firm’s 50-day moving average price is $46.11 and its 200 day moving average price is $42.95.
CoreLogic (NYSE:CLGX) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.72 EPS for the quarter, beating the Thomson Reuters’ 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 firm 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 business’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities analysts predict that CoreLogic, Inc. will post $2.33 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd lifted its holdings in shares of CoreLogic by 114.1% during the 2nd quarter. WINTON GROUP Ltd now owns 197,516 shares of the business services provider’s stock worth $8,568,000 after acquiring an additional 105,259 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of CoreLogic by 1.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 161,265 shares of the business services provider’s stock worth $6,996,000 after acquiring an additional 1,713 shares during the last quarter. Covington Capital Management bought a new stake in shares of CoreLogic during the 2nd quarter worth $202,000. Ameritas Investment Partners Inc. lifted its holdings in shares of CoreLogic by 1.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 25,329 shares of the business services provider’s stock worth $1,099,000 after acquiring an additional 459 shares during the last quarter. Finally, DF Dent & Co. Inc. lifted its holdings in shares of CoreLogic by 39.0% during the 2nd quarter. DF Dent & Co. Inc. now owns 19,072 shares of the business services provider’s stock worth $827,000 after acquiring an additional 5,352 shares during the last quarter. 88.21% of the stock is owned by institutional investors.
A number of brokerages have weighed in on CLGX. BidaskClub raised CoreLogic from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research raised CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. boosted their price target on CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Barclays PLC boosted their price target on CoreLogic from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, June 9th. Finally, Robert W. Baird boosted 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $45.00.
CoreLogic Company Profile
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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