According to Zacks, “CoreLogic, Inc., formerly known as First American Corp., is a provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services. CoreLogic has built databases for U.S. real estate, mortgage application, fraud, and loan performance and is also a provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. The Company serves various industries, including automotive, cable, financial services, employment, geospatial information service, insurance, legal, oil and gas, real estate, retail, utility, and telecommunications. CoreLogic, Inc. is headquartered in Santa Ana, California. “
A number of other analysts also recently issued reports on CLGX. TheStreet downgraded shares of Corelogic from a “b-” rating to a “c” rating in a report on Friday, November 8th. Deutsche Bank cut shares of Corelogic from a “hold” rating to a “sell” rating and decreased their price objective for the company from $43.00 to $39.00 in a report on Thursday, October 24th. Barclays initiated coverage on shares of Corelogic in a report on Wednesday, August 21st. They set an “overweight” rating and a $54.00 price objective for the company. Wolfe Research downgraded shares of Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 price objective on the stock. in a research report on Friday, October 25th. Finally, ValuEngine cut shares of Corelogic from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $44.63.
CLGX stock opened at $41.18 on Monday. Corelogic has a 1-year low of $31.87 and a 1-year high of $49.49. The business has a fifty day moving average price of $40.86 and a 200-day moving average price of $43.94. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $3.33 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.59 and a beta of 0.69.
Corelogic (NYSE:CLGX) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. Corelogic had a return on equity of 18.36% and a net margin of 1.83%. The company had revenue of $458.96 million for the quarter, compared to analysts’ expectations of $457.49 million. During the same period last year, the firm posted $0.72 earnings per share. Corelogic’s revenue was up 1.6% compared to the same quarter last year. As a group, analysts anticipate that Corelogic will post 2.39 earnings per share for the current year.
In other Corelogic news, Director Barry M. Sando sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $47.03, for a total transaction of $176,362.50. Following the completion of the sale, the director now directly owns 145,916 shares of the company’s stock, valued at $6,862,429.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Vikrant Raina bought 2,500 shares of Corelogic stock in a transaction on Tuesday, October 29th. The shares were acquired at an average cost of $39.97 per share, with a total value of $99,925.00. Following the completion of the acquisition, the director now owns 11,384 shares of the company’s stock, valued at approximately $455,018.48. The disclosure for this purchase can be found here. In the last three months, insiders sold 13,500 shares of company stock worth $611,253. 1.10% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in Corelogic by 938.4% in the 2nd quarter. Royal Bank of Canada now owns 19,117 shares of the business services provider’s stock worth $799,000 after purchasing an additional 17,276 shares during the period. Point72 Asset Management L.P. grew its holdings in Corelogic by 1,211.4% during the third quarter. Point72 Asset Management L.P. now owns 354,068 shares of the business services provider’s stock valued at $16,383,000 after purchasing an additional 327,068 shares during the period. BB&T Securities LLC increased its position in Corelogic by 70.5% in the third quarter. BB&T Securities LLC now owns 23,100 shares of the business services provider’s stock worth $1,066,000 after buying an additional 9,550 shares in the last quarter. Renaissance Technologies LLC increased its position in Corelogic by 102.3% in the second quarter. Renaissance Technologies LLC now owns 659,300 shares of the business services provider’s stock worth $27,579,000 after buying an additional 333,380 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in Corelogic by 4.8% in the second quarter. TD Asset Management Inc. now owns 307,000 shares of the business services provider’s stock worth $12,842,000 after buying an additional 14,200 shares in the last quarter. Institutional investors and hedge funds own 92.27% 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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