CoreLogic Inc. (NYSE:CLGX) insider Anand K. Nallathambi sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $39.06, for a total value of $781,200.00. Following the completion of the transaction, the insider now directly owns 206,047 shares in the company, valued at approximately $8,048,195.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
CoreLogic Inc. (NYSE:CLGX) opened at 38.50 on Wednesday. CoreLogic Inc. has a 12-month low of $30.73 and a 12-month high of $43.43. The stock has a market cap of $3.40 billion, a PE ratio of 25.72 and a beta of 1.07. The firm’s 50-day moving average price is $39.98 and its 200 day moving average price is $37.95.
CoreLogic (NYSE:CLGX) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The business had revenue of $500 million for the quarter, compared to the consensus estimate of $485.55 million. CoreLogic had a return on equity of 14.56% and a net margin of 7.73%. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. Analysts anticipate that CoreLogic Inc. will post $2.28 EPS for the current year.
Several research analysts have recently commented on CLGX shares. Keefe, Bruyette & Woods raised their price objective on CoreLogic from $41.00 to $44.50 and gave the stock a “market perform” rating in a research note on Wednesday, July 27th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of CoreLogic in a research note on Friday, July 22nd. Robert W. Baird downgraded CoreLogic from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $40.00 to $41.00 in a research note on Wednesday, July 27th. Zacks Investment Research raised CoreLogic from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a research note on Friday, July 22nd. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $48.00 price objective on shares of CoreLogic in a research note on Friday, August 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $43.72.
A number of hedge funds have recently bought and sold shares of CLGX. Quadrature Capital Ltd purchased a new stake in CoreLogic during the first quarter valued at $904,000. UBS Group AG increased its stake in CoreLogic by 82.7% in the first quarter. UBS Group AG now owns 19,270 shares of the company’s stock valued at $668,000 after buying an additional 8,721 shares during the last quarter. Rafferty Asset Management LLC increased its stake in CoreLogic by 49.3% in the first quarter. Rafferty Asset Management LLC now owns 11,908 shares of the company’s stock valued at $413,000 after buying an additional 3,932 shares during the last quarter. State Street Corp increased its stake in CoreLogic by 0.5% in the first quarter. State Street Corp now owns 2,389,973 shares of the company’s stock valued at $82,929,000 after buying an additional 12,478 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in CoreLogic by 7.3% in the first quarter. Bessemer Group Inc. now owns 2,579,565 shares of the company’s stock valued at $89,511,000 after buying an additional 176,400 shares during the last quarter. Institutional investors and hedge funds own 85.59% of the company’s stock.
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. It operates through two segments: Property Intelligence and Risk Management and Work Flow.
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