CIBC Asset Management Inc bought a new stake in shares of CoreLogic, Inc. (NYSE:CLGX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,541 shares of the business services provider’s stock, valued at approximately $284,000.
Several other institutional investors have also recently modified their holdings of CLGX. Russell Investments Group Ltd. purchased a new position in shares of CoreLogic during the fourth quarter valued at approximately $125,000. Tyers Asset Management LLC boosted its position in shares of CoreLogic by 1.4% in the first quarter. Tyers Asset Management LLC now owns 3,256 shares of the business services provider’s stock valued at $133,000 after buying an additional 44 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of CoreLogic by 1.4% in the first quarter. Flinton Capital Management LLC now owns 4,144 shares of the business services provider’s stock valued at $169,000 after buying an additional 56 shares during the last quarter. Huntington National Bank boosted its position in shares of CoreLogic by 24.9% in the first quarter. Huntington National Bank now owns 4,640 shares of the business services provider’s stock valued at $189,000 after buying an additional 925 shares during the last quarter. Finally, Neuburgh Advisers LLC boosted its position in shares of CoreLogic by 1.4% in the first quarter. Neuburgh Advisers LLC now owns 5,032 shares of the business services provider’s stock valued at $205,000 after buying an additional 68 shares during the last quarter. Institutional investors own 89.85% of the company’s stock.
Shares of CoreLogic, Inc. (NYSE:CLGX) opened at 44.80 on Friday. The company’s 50 day moving average is $44.40 and its 200 day moving average is $41.72. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 41.14 and a beta of 0.97. CoreLogic, Inc. has a one year low of $34.59 and a one year high of $45.99.
CoreLogic (NYSE:CLGX) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. The business had revenue of $473.98 million for the quarter, compared to the consensus estimate of $478.72 million. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. CoreLogic’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. Equities research analysts predict that CoreLogic, Inc. will post $2.33 earnings per share for the current year.
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Several equities analysts have recently commented on CLGX shares. Zacks Investment Research upgraded shares of CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Thursday, July 27th. BidaskClub upgraded shares of CoreLogic from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $46.00 target price on shares of CoreLogic in a research report on Thursday, July 27th. Robert W. Baird boosted their target price on shares of CoreLogic from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, June 13th. Finally, Oppenheimer Holdings, Inc. boosted their target price on shares of CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. CoreLogic presently has a consensus rating of “Hold” and an average target price of $45.00.
In related news, General Counsel Stergios Theologides sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $44.00, for a total value of $220,000.00. Following the sale, the general counsel now directly owns 63,806 shares of the company’s stock, valued at $2,807,464. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Lee Widener sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $42.79, for a total transaction of $42,790.00. Following the completion of the sale, the director now directly owns 9,354 shares in the company, valued at $400,257.66. The disclosure for this sale can be found here. Insiders sold 13,650 shares of company stock worth $610,034 over the last ninety days. 1.20% of the stock is currently owned by insiders.
CoreLogic Company Profile
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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