Vident Investment Advisory LLC bought a new position in CoreLogic, Inc. (NYSE:CLGX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 56,808 shares of the business services provider’s stock, valued at approximately $2,626,000. Vident Investment Advisory LLC owned 0.07% of CoreLogic at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of CoreLogic by 13.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 415,381 shares of the business services provider’s stock worth $19,198,000 after buying an additional 50,108 shares during the period. AMP Capital Investors Ltd acquired a new position in shares of CoreLogic in the third quarter worth about $837,000. Engineers Gate Manager LP purchased a new stake in shares of CoreLogic in the third quarter worth approximately $918,000. Invictus RG lifted its position in shares of CoreLogic by 98.4% in the third quarter. Invictus RG now owns 2,633 shares of the business services provider’s stock worth $122,000 after purchasing an additional 1,306 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of CoreLogic by 32.8% in the third quarter. Mackenzie Financial Corp now owns 384,325 shares of the business services provider’s stock worth $17,764,000 after purchasing an additional 94,889 shares in the last quarter. Institutional investors own 88.84% of the company’s stock.
A number of analysts have recently issued reports on CLGX shares. Barclays increased their price target on shares of CoreLogic from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Zacks Investment Research lowered shares of CoreLogic from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. SunTrust Banks lowered shares of CoreLogic from a “buy” rating to a “hold” rating and set a $46.00 price target for the company. in a research report on Tuesday, November 28th. BidaskClub lowered shares of CoreLogic from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $50.00 price target on shares of CoreLogic in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.43.
Shares of CoreLogic, Inc. (NYSE CLGX) opened at $45.64 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.69. The stock has a market cap of $3,745.54, a P/E ratio of 22.51, a PEG ratio of 2.03 and a beta of 0.84. CoreLogic, Inc. has a 52-week low of $34.59 and a 52-week high of $49.30.
CoreLogic (NYSE:CLGX) last issued its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The firm had revenue of $483.10 million for the quarter, compared to analyst estimates of $490.09 million. CoreLogic had a net margin of 4.86% and a return on equity of 17.10%. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 earnings per share. research analysts anticipate that CoreLogic, Inc. will post 2.04 EPS for the current fiscal year.
In related news, Director Mary Lee Widener sold 900 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $46.70, for a total transaction of $42,030.00. Following the transaction, the director now owns 8,434 shares of the company’s stock, valued at $393,867.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.
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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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