BidaskClub upgraded shares of CoreLogic, Inc. (NYSE:CLGX) from a hold rating to a buy rating in a report issued on Tuesday, October 17th.
CLGX has been the topic of a number of other research reports. Zacks Investment Research cut shares of CoreLogic from a buy rating to a hold rating in a report on Friday, July 28th. Keefe, Bruyette & Woods reiterated a hold rating and set a $46.00 price target on shares of CoreLogic in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. increased their price target on shares of CoreLogic from $45.00 to $50.00 and gave the company an outperform rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. CoreLogic currently has a consensus rating of Hold and a consensus target price of $46.50.
CoreLogic (CLGX) traded up $0.20 on Tuesday, hitting $47.02. 174,079 shares of the stock were exchanged, compared to its average volume of 444,344. The stock has a market cap of $3,856.74, a price-to-earnings ratio of 23.18, a P/E/G ratio of 2.09 and a beta of 0.87. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.33 and a quick ratio of 1.33. CoreLogic has a 12-month low of $34.59 and a 12-month high of $49.30.
CoreLogic (NYSE:CLGX) last announced its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $483.10 million for the quarter, compared to analysts’ expectations of $490.09 million. CoreLogic had a net margin of 4.86% and a return on equity of 17.10%. CoreLogic’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 earnings per share. research analysts forecast that CoreLogic will post 2.04 earnings per share for the current year.
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In other CoreLogic news, Director Mary Lee Widener sold 900 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $46.70, for a total transaction of $42,030.00. Following the sale, the director now owns 8,434 shares of the company’s stock, valued at approximately $393,867.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 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 disclosure for this sale can be found here. In the last three months, insiders have sold 66,242 shares of company stock worth $3,106,249. 1.20% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in CLGX. BlackRock Inc. lifted its stake 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 during the period. Lazard Asset Management LLC acquired a new stake in CoreLogic during the 2nd quarter valued at approximately $54,918,000. Bessemer Group Inc. lifted its stake in CoreLogic by 43.1% during the 2nd quarter. Bessemer Group Inc. now owns 2,918,525 shares of the business services provider’s stock valued at $126,606,000 after acquiring an additional 879,164 shares during the period. Banbury Partners LLC acquired a new stake in CoreLogic during the 2nd quarter valued at approximately $30,854,000. Finally, Canada Pension Plan Investment Board lifted its stake in CoreLogic by 2,731.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 375,771 shares of the business services provider’s stock valued at $17,368,000 after acquiring an additional 362,500 shares during the period. Institutional investors and hedge funds own 90.75% of the company’s stock.
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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