Public Employees Retirement Association of Colorado decreased its holdings in CoreLogic (NYSE:CLGX) by 7.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,059 shares of the business services provider’s stock after selling 1,446 shares during the period. Public Employees Retirement Association of Colorado’s holdings in CoreLogic were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in CLGX. AlphaOne Investment Services LLC bought a new position in shares of CoreLogic during the 4th quarter worth $132,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of CoreLogic during the 4th quarter worth $140,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CoreLogic by 46.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,921 shares of the business services provider’s stock worth $227,000 after buying an additional 1,570 shares in the last quarter. Charter Trust Co. bought a new position in shares of CoreLogic during the 4th quarter worth $249,000. Finally, Prana Capital Management LP bought a new position in shares of CoreLogic during the 4th quarter worth $249,000. Institutional investors and hedge funds own 90.10% of the company’s stock.
Shares of CLGX stock opened at $51.60 on Friday. CoreLogic has a 1-year low of $51.07 and a 1-year high of $51.37. The stock has a market cap of $4.22 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.97 and a beta of 0.87. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.27 and a current ratio of 1.27.
CoreLogic (NYSE:CLGX) last issued its quarterly earnings data on Wednesday, April 25th. The business services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. CoreLogic had a return on equity of 18.27% and a net margin of 8.89%. The company had revenue of $444.90 million for the quarter, compared to the consensus estimate of $435.03 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. equities analysts anticipate that CoreLogic will post 2.38 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on CLGX shares. ValuEngine raised CoreLogic from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Zacks Investment Research raised CoreLogic from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday, April 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $52.00 price target on shares of CoreLogic in a research report on Tuesday, February 27th. Robert W. Baird dropped their price objective on CoreLogic from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. Finally, Compass Point raised CoreLogic from a “sell” rating to a “neutral” rating and raised their price objective for the company from $42.00 to $46.00 in a research report on Friday, April 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.89.
In other CoreLogic news, insider Barry M. Sando sold 1,383 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $46.00, for a total value of $63,618.00. Following the completion of the sale, the insider now owns 174,154 shares of the company’s stock, valued at $8,011,084. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Frank Martell sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $51.13, for a total value of $511,300.00. Following the completion of the sale, the chief executive officer now directly owns 292,343 shares of the company’s stock, valued at approximately $14,947,497.59. The disclosure for this sale can be found here. In the last three months, insiders sold 12,183 shares of company stock valued at $615,870. Corporate insiders own 1.20% of the company’s stock.
CoreLogic Company Profile
CoreLogic, Inc provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company's Property Intelligence segment owns or licenses loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps, and mortgage-backed securities information.
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