Goldman Sachs Group Inc. raised its position in CoreLogic, Inc. (NYSE:CLGX) by 10.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 856,000 shares of the business services provider’s stock after buying an additional 83,101 shares during the period. Goldman Sachs Group Inc. owned 1.02% of CoreLogic worth $37,133,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in CoreLogic by 9.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock valued at $145,000 after buying an additional 283 shares during the period. Greenwood Capital Associates LLC bought a new stake in CoreLogic in the second quarter valued at approximately $210,000. Quantitative Systematic Strategies LLC bought a new stake in CoreLogic in the second quarter valued at approximately $239,000. Laurion Capital Management LP bought a new stake in CoreLogic in the first quarter valued at approximately $232,000. Finally, World Asset Management Inc increased its position in shares of CoreLogic by 2.1% during the second 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 in the last quarter. Institutional investors own 88.15% of the company’s stock.
CLGX has been the subject of several research reports. BidaskClub raised shares of CoreLogic from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research cut shares of CoreLogic from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods restated a “hold” rating and set a $46.00 target price on shares of CoreLogic in a research note on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. raised their target price on shares of CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.00.
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In other CoreLogic news, CEO Frank Martell sold 35,392 shares of the company’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 transaction of $1,667,317.12. Following the completion of the sale, the chief executive officer now directly owns 251,344 shares of the company’s stock, valued at approximately $11,840,815.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul F. Folino sold 1,750 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $45.24, for a total value of $79,170.00. Following the transaction, the director now owns 9,462 shares in the company, valued at approximately $428,060.88. 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 three months. 1.20% of the stock is currently owned by insiders.
CoreLogic, Inc. (NYSE:CLGX) opened at 48.99 on Wednesday. CoreLogic, Inc. has a 12-month low of $34.59 and a 12-month high of $49.21. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 44.99 and a beta of 0.93. The firm has a 50-day moving average of $46.91 and a 200 day moving average of $44.05.
CoreLogic (NYSE:CLGX) last announced its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.06. CoreLogic had a return on equity of 17.07% and a net margin of 4.99%. The firm had revenue of $473.98 million for the quarter, compared to the consensus estimate of $478.72 million. During the same quarter last year, the business posted $0.65 earnings per share. The firm’s revenue was down 5.2% compared to the same quarter last year. Analysts expect that CoreLogic, Inc. 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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