Invesco Ltd. lifted its stake in shares of Corelogic Inc (NYSE:CLGX) by 21.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,879 shares of the business services provider’s stock after purchasing an additional 7,634 shares during the quarter. Invesco Ltd. owned about 0.05% of Corelogic worth $1,836,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in CLGX. Advisor Group Inc. lifted its position in Corelogic by 65.8% in the 2nd quarter. Advisor Group Inc. now owns 1,356 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 538 shares in the last quarter. Weaver Consulting Group purchased a new position in Corelogic in the 1st quarter valued at approximately $65,000. US Bancorp DE grew its stake in Corelogic by 29.6% in the 2nd quarter. US Bancorp DE now owns 3,563 shares of the business services provider’s stock valued at $149,000 after buying an additional 813 shares in the last quarter. Machina Capital S.A.S. purchased a new position in Corelogic in the 2nd quarter valued at approximately $184,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Corelogic in the 2nd quarter valued at approximately $205,000. 93.82% of the stock is currently owned by institutional investors.
Several research analysts have commented on CLGX shares. SunTrust Banks set a $44.00 price target on shares of Corelogic and gave the company a “hold” rating in a report on Friday, October 25th. ValuEngine downgraded shares of Corelogic from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. Compass Point set a $44.00 price objective on shares of Corelogic and gave the stock a “hold” rating in a report on Friday, July 26th. Barclays initiated coverage on shares of Corelogic in a report on Wednesday, August 21st. They set an “overweight” rating and a $54.00 price objective for the company. Finally, Wolfe Research downgraded shares of Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Corelogic presently has an average rating of “Hold” and a consensus price target of $45.63.
In other Corelogic news, Director Vikrant Raina bought 2,500 shares of Corelogic stock in a transaction on Tuesday, October 29th. The stock was acquired at an average cost of $39.97 per share, with a total value of $99,925.00. Following the completion of the acquisition, the director now owns 11,384 shares in the company, valued at $455,018.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry M. Sando sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $48.24, for a total transaction of $723,600.00. Following the sale, the director now directly owns 149,666 shares of the company’s stock, valued at $7,219,887.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,600 shares of company stock worth $1,495,557. Insiders own 1.10% of the company’s stock.
Shares of CLGX stock traded down $0.27 during mid-day trading on Friday, reaching $38.93. The stock had a trading volume of 259,662 shares, compared to its average volume of 553,116. Corelogic Inc has a 52-week low of $31.87 and a 52-week high of $49.49. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.75. The stock’s 50-day moving average price is $44.44 and its two-hundred day moving average price is $43.90. The firm has a market capitalization of $3.13 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.52 and a beta of 0.70.
Corelogic (NYSE:CLGX) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.08. The business had revenue of $458.96 million for the quarter, compared to analysts’ expectations of $457.49 million. Corelogic had a net margin of 1.83% and a return on equity of 18.36%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. On average, equities research analysts forecast that Corelogic Inc will post 2.35 earnings per share for the current year.
Corelogic Company Profile
CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).
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