Wells Fargo & Company MN cut its holdings in Corelogic Inc (NYSE:CLGX) by 51.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 387,387 shares of the business services provider’s stock after selling 407,677 shares during the quarter. Wells Fargo & Company MN owned 0.47% of Corelogic worth $17,902,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Schroder Investment Management Group increased its holdings in shares of Corelogic by 0.9% during the third quarter. Schroder Investment Management Group now owns 2,107,338 shares of the business services provider’s stock valued at $97,254,000 after acquiring an additional 18,675 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Corelogic by 4.7% during the third quarter. Neuberger Berman Group LLC now owns 1,360,517 shares of the business services provider’s stock valued at $62,883,000 after acquiring an additional 60,714 shares in the last quarter. Copper Rock Capital Partners LLC increased its holdings in shares of Corelogic by 3.6% during the fourth quarter. Copper Rock Capital Partners LLC now owns 755,376 shares of the business services provider’s stock valued at $34,634,000 after acquiring an additional 26,240 shares in the last quarter. Hosking Partners LLP increased its holdings in shares of Corelogic by 7.5% during the fourth quarter. Hosking Partners LLP now owns 496,924 shares of the business services provider’s stock valued at $22,963,000 after acquiring an additional 34,731 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Corelogic by 2.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 437,716 shares of the business services provider’s stock valued at $20,227,000 after acquiring an additional 11,516 shares in the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on CLGX. Keefe, Bruyette & Woods restated a “hold” rating and set a $52.00 price objective on shares of Corelogic in a report on Tuesday, February 27th. Compass Point downgraded Corelogic from a “neutral” rating to a “sell” rating and set a $43.00 price target for the company. in a report on Tuesday, February 6th. Zacks Investment Research upgraded Corelogic from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Deutsche Bank set a $33.00 price target on Corelogic and gave the stock a “sell” rating in a report on Tuesday, February 27th. Finally, Robert W. Baird decreased their price target on Corelogic from $48.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Corelogic has a consensus rating of “Hold” and an average target price of $47.78.
Corelogic (NYSE:CLGX) last announced its quarterly earnings data on Monday, February 26th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $454.16 million during the quarter, compared to the consensus estimate of $450.54 million. Corelogic had a return on equity of 16.73% and a net margin of 8.22%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. equities research analysts expect that Corelogic Inc will post 2.26 earnings per share for the current fiscal year.
In other Corelogic news, insider Barry M. Sando sold 1,383 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $46.00, for a total value of $63,618.00. Following the completion of the transaction, the insider now owns 174,154 shares in the company, valued at approximately $8,011,084. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.
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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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