CoreLogic, Inc. (NYSE:CLGX) has been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $44.14.
A number of brokerages recently weighed in on CLGX. Zacks Investment Research raised CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. raised their price objective on CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. BidaskClub raised CoreLogic from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $46.00 price objective on shares of CoreLogic in a report on Thursday, July 27th. Finally, Robert W. Baird raised their price objective on CoreLogic from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, June 13th.
In related news, General Counsel Stergios Theologides sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $45.42, for a total transaction of $227,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary Lee Widener sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $42.79, for a total value of $42,790.00. Following the transaction, the director now owns 9,354 shares in the company, valued at $400,257.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,650 shares of company stock worth $610,034. 1.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of CLGX. BlackRock Inc. raised its position in CoreLogic by 13,378.0% in the first quarter. BlackRock Inc. now owns 6,757,326 shares of the business services provider’s stock valued at $275,158,000 after buying an additional 6,707,190 shares during the last quarter. Lazard Asset Management LLC bought a new position in CoreLogic during the second quarter valued at about $54,918,000. Bessemer Group Inc. raised its position in CoreLogic by 43.1% in the second quarter. Bessemer Group Inc. now owns 2,918,525 shares of the business services provider’s stock valued at $126,606,000 after buying an additional 879,164 shares during the last quarter. Banbury Partners LLC bought a new position in CoreLogic during the second quarter valued at about $30,854,000. Finally, Vanguard Group Inc. raised its position in CoreLogic by 4.4% in the first quarter. Vanguard Group Inc. now owns 7,213,386 shares of the business services provider’s stock valued at $293,729,000 after buying an additional 301,853 shares during the last quarter. Institutional investors and hedge funds own 89.85% of the company’s stock.
Shares of CoreLogic (NYSE:CLGX) opened at 45.99 on Friday. CoreLogic has a one year low of $34.59 and a one year high of $46.89. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 42.23 and a beta of 0.97. The firm’s 50-day moving average is $44.77 and its 200-day moving average is $42.09.
CoreLogic (NYSE:CLGX) last announced its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. The company had revenue of $473.98 million for the quarter, compared to analysts’ expectations of $478.72 million. CoreLogic had a return on equity of 17.07% and a net margin of 4.99%. CoreLogic’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. Analysts expect that CoreLogic will post $2.33 EPS for the current fiscal year.
About CoreLogic
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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