CLGX has been the topic of a number of other research reports. Robert W. Baird set a $45.00 target price on Corelogic and gave the stock a “hold” rating in a report on Friday, July 26th. SunTrust Banks raised their target price on Corelogic to $42.00 and gave the stock a “hold” rating in a report on Friday, April 26th. They noted that the move was a valuation call. Barclays started coverage on Corelogic in a report on Wednesday. They set an “overweight” rating and a $54.00 target price on the stock. Zacks Investment Research upgraded Corelogic from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a report on Tuesday, July 30th. Finally, Compass Point set a $44.00 target price on Corelogic and gave the stock a “hold” rating in a report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.56.
Corelogic stock traded down $0.70 during mid-day trading on Friday, hitting $47.49. The stock had a trading volume of 513,900 shares, compared to its average volume of 515,088. The stock has a 50-day simple moving average of $45.38 and a two-hundred day simple moving average of $41.18. The stock has a market capitalization of $3.75 billion, a PE ratio of 20.12, a P/E/G ratio of 1.90 and a beta of 0.81. Corelogic has a 12 month low of $31.87 and a 12 month high of $51.28. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.75.
Corelogic (NYSE:CLGX) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The business had revenue of $459.54 million for the quarter, compared to analysts’ expectations of $444.22 million. Corelogic had a return on equity of 17.14% and a net margin of 1.80%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 earnings per share. Sell-side analysts expect that Corelogic will post 2.24 earnings per share for the current fiscal year.
In other news, CFO James L. Balas sold 4,000 shares of Corelogic stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $46.99, for a total transaction of $187,960.00. Following the transaction, the chief financial officer now owns 83,703 shares in the company, valued at approximately $3,933,203.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frank Martell sold 7,500 shares of Corelogic stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $43.03, for a total value of $322,725.00. Following the transaction, the chief executive officer now owns 324,436 shares in the company, valued at approximately $13,960,481.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,740 shares of company stock worth $1,012,906. Company insiders own 1.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in shares of Corelogic by 4.4% during the 1st quarter. Nordea Investment Management AB now owns 186,800 shares of the business services provider’s stock valued at $6,961,000 after purchasing an additional 7,800 shares in the last quarter. NumerixS Investment Technologies Inc lifted its holdings in shares of Corelogic by 68.8% during the 1st quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the business services provider’s stock valued at $118,000 after purchasing an additional 1,304 shares in the last quarter. TD Asset Management Inc. lifted its holdings in shares of Corelogic by 4.8% during the 2nd quarter. TD Asset Management Inc. now owns 307,000 shares of the business services provider’s stock valued at $12,842,000 after purchasing an additional 14,200 shares in the last quarter. SeaBridge Investment Advisors LLC bought a new position in shares of Corelogic during the 1st quarter valued at about $1,263,000. Finally, Fort L.P. lifted its holdings in shares of Corelogic by 31.0% during the 1st quarter. Fort L.P. now owns 48,563 shares of the business services provider’s stock valued at $1,809,000 after purchasing an additional 11,489 shares in the last quarter. Institutional investors and hedge funds own 89.73% of the company’s stock.
Corelogic Company Profile
CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).
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