Corelogic Inc (CLGX) Position Increased by Brown Advisory Inc.

Brown Advisory Inc. increased its stake in Corelogic Inc (NYSE:CLGX) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 512,206 shares of the business services provider’s stock after purchasing an additional 5,578 shares during the period. Brown Advisory Inc.’s holdings in Corelogic were worth $23,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in Corelogic by 2.3% during the 1st quarter. BlackRock Inc. now owns 7,133,818 shares of the business services provider’s stock valued at $322,663,000 after acquiring an additional 158,953 shares during the period. JPMorgan Chase & Co. lifted its stake in Corelogic by 26.7% during the 1st quarter. JPMorgan Chase & Co. now owns 2,525,118 shares of the business services provider’s stock valued at $114,211,000 after acquiring an additional 532,291 shares during the period. Dimensional Fund Advisors LP lifted its stake in Corelogic by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,606,317 shares of the business services provider’s stock valued at $72,654,000 after acquiring an additional 114,464 shares during the period. Hosking Partners LLP lifted its stake in Corelogic by 4.3% during the 1st quarter. Hosking Partners LLP now owns 518,484 shares of the business services provider’s stock valued at $23,451,000 after acquiring an additional 21,560 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in Corelogic by 8.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 473,474 shares of the business services provider’s stock valued at $21,416,000 after acquiring an additional 35,758 shares during the period. Institutional investors own 90.75% of the company’s stock.

In related news, CEO Frank Martell sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were 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 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 through this hyperlink. Also, Director Mary Lee Widener sold 800 shares of the business’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $51.19, for a total transaction of $40,952.00. Following the completion of the sale, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $509,033.36. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Several brokerages have commented on CLGX. ValuEngine upgraded shares of Corelogic from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. Zacks Investment Research upgraded shares of Corelogic from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, April 3rd. Compass Point upgraded shares of Corelogic from a “sell” rating to a “neutral” rating and boosted their target price for the company from $42.00 to $46.00 in a research note on Friday, April 27th. Finally, Wells Fargo & Co boosted their target price on shares of Corelogic from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, June 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.10.

Corelogic opened at $51.90 on Monday, according to MarketBeat. The firm has a market capitalization of $4.24 billion, a P/E ratio of 23.70, a PEG ratio of 1.98 and a beta of 0.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.96. Corelogic Inc has a 1 year low of $42.00 and a 1 year high of $55.79.

Corelogic (NYSE:CLGX) last issued its quarterly earnings results on Wednesday, April 25th. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. The company had revenue of $444.90 million during the quarter, compared to analyst estimates of $435.03 million. Corelogic had a net margin of 8.89% and a return on equity of 18.27%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. equities research analysts forecast that Corelogic Inc will post 2.38 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Corelogic (NYSE:CLGX)

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