Corelogic Inc (NYSE:CLGX) Director Barry M. Sando sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.24, for a total transaction of $723,600.00. Following the completion of the sale, the director now directly owns 149,666 shares in the company, valued at $7,219,887.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
CLGX traded down $0.36 during trading on Friday, reaching $46.97. The company had a trading volume of 4,183 shares, compared to its average volume of 484,010. The stock has a market cap of $3.77 billion, a P/E ratio of 19.94, a PEG ratio of 1.86 and a beta of 0.78. The business has a 50 day simple moving average of $46.81 and a 200-day simple moving average of $42.04. Corelogic Inc has a 52 week low of $31.87 and a 52 week high of $51.28. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.75.
Corelogic (NYSE:CLGX) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Corelogic had a return on equity of 17.14% and a net margin of 1.80%. The company had revenue of $459.54 million during the quarter, compared to the consensus estimate of $444.22 million. During the same period last year, the company earned $1.00 earnings per share. Corelogic’s revenue was down 5.9% on a year-over-year basis. As a group, equities research analysts expect that Corelogic Inc will post 2.3 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of CLGX. Penserra Capital Management LLC acquired a new stake in shares of Corelogic during the first quarter worth about $25,000. Advisor Group Inc. lifted its holdings in Corelogic by 65.8% in the second quarter. Advisor Group Inc. now owns 1,356 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 538 shares during the period. Weaver Consulting Group acquired a new position in Corelogic in the first quarter valued at approximately $65,000. AlphaOne Investment Services LLC lifted its holdings in Corelogic by 18.5% in the first quarter. AlphaOne Investment Services LLC now owns 1,690 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 264 shares during the period. Finally, Group One Trading L.P. lifted its holdings in Corelogic by 49.0% in the first quarter. Group One Trading L.P. now owns 2,578 shares of the business services provider’s stock valued at $96,000 after acquiring an additional 848 shares during the period. Institutional investors and hedge funds own 93.12% of the company’s stock.
Several research firms have issued reports on CLGX. Barclays started coverage on shares of Corelogic in a research note on Wednesday, August 21st. They set an “overweight” rating and a $54.00 target price on the stock. Robert W. Baird set a $45.00 price objective on shares of Corelogic and gave the stock a “hold” rating in a research note on Friday, July 26th. Compass Point set a $44.00 target price on shares of Corelogic and gave the stock a “hold” rating in a report on Friday, July 26th. ValuEngine raised shares of Corelogic from a “hold” rating to a “buy” rating in a report on Friday, August 23rd. Finally, Zacks Investment Research raised shares of Corelogic from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $45.56.
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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