Public Employees Retirement System of Ohio grew its stake in Corelogic Inc (NYSE:CLGX) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 142,812 shares of the business services provider’s stock after acquiring an additional 3,463 shares during the quarter. Public Employees Retirement System of Ohio owned 0.18% of Corelogic worth $6,608,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in Corelogic by 56.8% during the first quarter. First Trust Advisors LP now owns 171,101 shares of the business services provider’s stock valued at $6,375,000 after acquiring an additional 62,013 shares in the last quarter. FDx Advisors Inc. bought a new position in shares of Corelogic in the second quarter worth $326,000. Arizona State Retirement System increased its holdings in shares of Corelogic by 1.8% in the second quarter. Arizona State Retirement System now owns 58,561 shares of the business services provider’s stock worth $2,450,000 after purchasing an additional 1,050 shares during the period. SG Americas Securities LLC increased its holdings in shares of Corelogic by 9.1% in the second quarter. SG Americas Securities LLC now owns 20,466 shares of the business services provider’s stock worth $856,000 after purchasing an additional 1,704 shares during the period. Finally, Dupont Capital Management Corp raised its position in shares of Corelogic by 29.9% in the second quarter. Dupont Capital Management Corp now owns 6,951 shares of the business services provider’s stock worth $291,000 after buying an additional 1,600 shares in the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. Barclays began coverage on Corelogic in a research note on Wednesday, August 21st. They set an “overweight” rating and a $54.00 price objective for the company. Wolfe Research lowered Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 target price on the stock. in a research note on Friday, October 25th. TheStreet lowered Corelogic from a “b-” rating to a “c” rating in a research note on Friday, November 8th. SunTrust Banks set a $44.00 price target on Corelogic and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, ValuEngine downgraded Corelogic from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $44.63.
In other Corelogic news, CEO Frank Martell sold 7,500 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $46.04, for a total transaction of $345,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barry M. Sando sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $47.03, for a total value of $176,362.50. Following the transaction, the director now directly owns 145,916 shares in the company, valued at $6,862,429.48. The disclosure for this sale can be found here. Insiders have sold 13,500 shares of company stock worth $611,253 over the last quarter. Company insiders own 1.10% of the company’s stock.
NYSE CLGX opened at $41.15 on Tuesday. Corelogic Inc has a 52-week low of $31.87 and a 52-week high of $49.49. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $3.29 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.57 and a beta of 0.69. The company has a fifty day moving average of $41.75 and a 200-day moving average of $43.89.
Corelogic (NYSE:CLGX) last released its earnings results on Wednesday, October 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.08. The company had revenue of $458.96 million during the quarter, compared to the consensus estimate of $457.49 million. Corelogic had a return on equity of 18.36% and a net margin of 1.83%. Corelogic’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, analysts forecast that Corelogic Inc will post 2.39 EPS for the current fiscal year.
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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