Texas Permanent School Fund raised its position in shares of CoreLogic, Inc. (NYSE:CLGX) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 61,798 shares of the business services provider’s stock after buying an additional 715 shares during the period. Texas Permanent School Fund’s holdings in CoreLogic were worth $2,681,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of CLGX. CrestPoint Capital Management LLC acquired a new position in CoreLogic during the first quarter worth approximately $208,000. Karp Capital Management Corp acquired a new position in CoreLogic during the first quarter worth approximately $573,000. Vanguard Group Inc. increased its position in CoreLogic by 4.4% in the first quarter. Vanguard Group Inc. now owns 7,213,386 shares of the business services provider’s stock worth $293,729,000 after buying an additional 301,853 shares during the period. Capstone Asset Management Co. increased its position in CoreLogic by 1.5% in the first quarter. Capstone Asset Management Co. now owns 11,552 shares of the business services provider’s stock worth $470,000 after buying an additional 170 shares during the period. Finally, Oxford Asset Management increased its position in CoreLogic by 14.7% in the first quarter. Oxford Asset Management now owns 89,360 shares of the business services provider’s stock worth $3,639,000 after buying an additional 11,459 shares during the period. 90.95% of the stock is currently owned by institutional investors and hedge funds.
CoreLogic, Inc. (CLGX) opened at 45.54 on Tuesday. The stock has a market cap of $3.84 billion, a P/E ratio of 41.82 and a beta of 0.97. CoreLogic, Inc. has a 12 month low of $34.59 and a 12 month high of $45.99. The stock has a 50 day moving average of $43.61 and a 200-day moving average of $40.92.
CoreLogic (NYSE:CLGX) last issued its earnings results on Tuesday, July 25th. The business services provider reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.06. The firm had revenue of $473.98 million for the quarter, compared to analysts’ expectations of $478.72 million. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. On average, equities analysts forecast that CoreLogic, Inc. will post $2.33 EPS for the current fiscal year.
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CLGX has been the topic of a number of research reports. Zacks Investment Research downgraded shares of CoreLogic from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Barclays PLC raised their target price on shares of CoreLogic from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, June 9th. BidaskClub downgraded shares of CoreLogic from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Robert W. Baird raised their target price on shares of CoreLogic from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, June 13th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $46.00 target price on shares of CoreLogic in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. CoreLogic currently has an average rating of “Hold” and a consensus target price of $45.00.
In related news, Director Mary Lee Widener sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $41.65, for a total value of $52,062.50. Following the sale, the director now owns 10,354 shares of the company’s stock, valued at $431,244.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director J David Chatham sold 3,760 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $42.00, for a total transaction of $157,920.00. Following the completion of the sale, the director now directly owns 4,770 shares in the company, valued at approximately $200,340. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,410 shares of company stock worth $490,997. 1.20% of the stock is owned by corporate insiders.
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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