State of Tennessee Treasury Department acquired a new position in shares of Corelogic Inc (NYSE:CLGX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 100,000 shares of the business services provider’s stock, valued at approximately $4,523,000. State of Tennessee Treasury Department owned about 0.12% of Corelogic as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of CLGX. AlphaOne Investment Services LLC acquired a new position in shares of Corelogic during the 4th quarter worth about $132,000. Amundi Pioneer Asset Management Inc. acquired a new position in Corelogic in the 4th quarter valued at approximately $140,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Corelogic by 46.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,921 shares of the business services provider’s stock valued at $227,000 after acquiring an additional 1,570 shares in the last quarter. Prana Capital Management LP acquired a new position in Corelogic in the 4th quarter valued at approximately $249,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Corelogic in the 4th quarter valued at approximately $328,000. 91.00% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Frank Martell sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 292,343 shares of the company’s stock, valued at approximately $14,947,497.59. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary Lee Widener sold 800 shares of the stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $51.19, for a total value of $40,952.00. Following the completion of the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at $509,033.36. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
Shares of Corelogic opened at $54.76 on Monday, according to Marketbeat.com. Corelogic Inc has a 1 year low of $41.95 and a 1 year high of $54.83. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $4.47 billion, a PE ratio of 28.08, a P/E/G ratio of 2.09 and a beta of 0.90.
Corelogic (NYSE:CLGX) last issued its earnings results on Wednesday, April 25th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.10. Corelogic had a return on equity of 18.27% and a net margin of 8.89%. The business had revenue of $444.90 million during the quarter, compared to analysts’ expectations of $435.03 million. During the same period in the prior year, the firm posted $0.37 EPS. Corelogic’s quarterly revenue was up 1.1% compared to the same quarter last year. equities research analysts expect that Corelogic Inc will post 2.38 earnings per share for the current year.
Several research firms have commented on CLGX. Zacks Investment Research raised Corelogic from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Tuesday, April 3rd. Compass Point raised Corelogic from a “sell” rating to a “neutral” rating and upped their price target for the company from $42.00 to $46.00 in a report on Friday, April 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $52.00 price target on shares of Corelogic in a report on Tuesday, February 27th. ValuEngine raised Corelogic from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Finally, Deutsche Bank set a $33.00 price target on Corelogic and gave the company a “sell” rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $47.89.
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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