CoreLogic, Inc. (CLGX) CEO Sells $1,667,317.12 in Stock
CoreLogic, Inc. (NYSE:CLGX) CEO Frank Martell sold 35,392 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $47.11, for a total transaction of $1,667,317.12. Following the completion of the sale, the chief executive officer now owns 251,344 shares in the company, valued at $11,840,815.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of CoreLogic, Inc. (CLGX) traded up 0.13% during mid-day trading on Friday, hitting $47.44. 441,408 shares of the stock traded hands. CoreLogic, Inc. has a one year low of $34.59 and a one year high of $48.02. The company’s 50 day moving average is $45.57 and its 200 day moving average is $42.63. The firm has a market capitalization of $4.00 billion, a P/E ratio of 43.56 and a beta of 0.95.
CoreLogic (NYSE:CLGX) last issued its quarterly earnings data 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 company had revenue of $473.98 million for the quarter, compared to analyst estimates of $478.72 million. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. The company’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 earnings per share. On average, equities analysts expect that CoreLogic, Inc. will post $2.33 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of CoreLogic by 4.4% in the first quarter. Vanguard Group Inc. now owns 7,213,386 shares of the business services provider’s stock valued at $293,729,000 after acquiring an additional 301,853 shares in the last quarter. BlackRock Inc. grew its stake in shares of CoreLogic by 0.3% in the second quarter. BlackRock Inc. now owns 6,776,233 shares of the business services provider’s stock valued at $293,953,000 after acquiring an additional 18,907 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of CoreLogic by 43.1% in the second quarter. Bessemer Group Inc. now owns 2,918,525 shares of the business services provider’s stock valued at $126,606,000 after acquiring an additional 879,164 shares in the last quarter. State Street Corp grew its stake in shares of CoreLogic by 0.7% in the second quarter. State Street Corp now owns 2,261,767 shares of the business services provider’s stock valued at $98,111,000 after acquiring an additional 16,697 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of CoreLogic by 12.3% in the second quarter. Schroder Investment Management Group now owns 2,088,663 shares of the business services provider’s stock valued at $90,439,000 after acquiring an additional 229,129 shares in the last quarter. Institutional investors and hedge funds own 88.21% of the company’s stock.
Several research firms have issued reports on CLGX. BidaskClub upgraded shares of CoreLogic from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $46.00 price target on shares of CoreLogic in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of CoreLogic from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings Inc. raised their price target on shares of CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, Robert W. Baird raised their price target on shares of CoreLogic from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $45.00.
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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