Shares of CoreLogic, Inc. (NYSE:CLGX) have been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $44.14.
CLGX has been the topic of several research reports. Barclays PLC raised their price objective on CoreLogic from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, June 9th. Robert W. Baird raised their price objective on CoreLogic from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, June 13th. BidaskClub upgraded CoreLogic from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Oppenheimer Holdings, Inc. raised their price objective on CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research upgraded CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, July 27th.
In other CoreLogic news, Director Paul F. Folino sold 1,750 shares of the 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 of the company’s stock, valued at approximately $428,060.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Stergios Theologides sold 5,000 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $44.00, for a total value of $220,000.00. Following the sale, the general counsel now directly owns 63,806 shares in the company, valued at approximately $2,807,464. The disclosure for this sale can be found here. Insiders have sold a total of 71,242 shares of company stock worth $3,325,193 in the last ninety days. Insiders own 1.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in CLGX. BlackRock Inc. boosted its position in CoreLogic by 13,378.0% during the 1st quarter. BlackRock Inc. now owns 6,757,326 shares of the business services provider’s stock valued at $275,158,000 after acquiring an additional 6,707,190 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of CoreLogic in the 2nd quarter worth $54,918,000. Bessemer Group Inc. boosted its position in shares of CoreLogic by 43.1% in the 2nd quarter. Bessemer Group Inc. now owns 2,918,525 shares of the business services provider’s stock worth $126,606,000 after purchasing an additional 879,164 shares in the last quarter. Banbury Partners LLC acquired a new stake in shares of CoreLogic in the 2nd quarter worth $30,854,000. Finally, Vanguard Group Inc. boosted its position in shares of CoreLogic by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 7,213,386 shares of the business services provider’s stock worth $293,729,000 after purchasing an additional 301,853 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors and hedge funds.
CoreLogic (NYSE:CLGX) traded up 0.42% during midday trading on Wednesday, hitting $45.84. The company had a trading volume of 362,315 shares. CoreLogic has a 52 week low of $34.59 and a 52 week high of $48.02. The stock has a 50 day moving average price of $46.15 and a 200 day moving average price of $43.11. The company has a market capitalization of $3.86 billion, a P/E ratio of 42.09 and a beta of 0.95.
CoreLogic (NYSE:CLGX) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.66 by $0.06. The company had revenue of $473.98 million for the quarter, compared to the consensus estimate of $478.72 million. CoreLogic had a return on equity of 17.07% and a net margin of 4.99%. CoreLogic’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Equities analysts forecast that CoreLogic will post $2.33 earnings per share for the current fiscal year.
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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