Retirement Systems of Alabama raised its holdings in shares of Corelogic Inc (NYSE:CLGX) by 100.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 212,104 shares of the business services provider’s stock after acquiring an additional 106,393 shares during the quarter. Retirement Systems of Alabama owned approximately 0.26% of Corelogic worth $10,480,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Corelogic by 1.5% in the first quarter. Principal Financial Group Inc. now owns 361,506 shares of the business services provider’s stock valued at $16,350,000 after buying an additional 5,393 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Corelogic in the second quarter valued at $484,000. Mutual of America Capital Management LLC grew its stake in shares of Corelogic by 4.9% in the second quarter. Mutual of America Capital Management LLC now owns 70,158 shares of the business services provider’s stock valued at $3,641,000 after buying an additional 3,293 shares in the last quarter. Putnam Investments LLC grew its stake in shares of Corelogic by 5.1% in the second quarter. Putnam Investments LLC now owns 88,500 shares of the business services provider’s stock valued at $4,593,000 after buying an additional 4,275 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Corelogic in the second quarter valued at $3,078,000. 91.75% of the stock is owned by institutional investors.
In other Corelogic news, Director Paul F. Folino sold 3,400 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $49.28, for a total transaction of $167,552.00. Following the completion of the sale, the director now owns 11,002 shares of the company’s stock, valued at approximately $542,178.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry M. Sando sold 16,700 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $50.03, for a total value of $835,501.00. Following the sale, the director now directly owns 158,246 shares of the company’s stock, valued at approximately $7,917,047.38. The disclosure for this sale can be found here. Insiders have sold a total of 31,350 shares of company stock valued at $1,556,128 in the last ninety days. Insiders own 1.20% of the company’s stock.
Several research firms recently weighed in on CLGX. Wolfe Research began coverage on shares of Corelogic in a research note on Tuesday, July 17th. They issued an “outperform” rating for the company. ValuEngine cut shares of Corelogic from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Piper Jaffray Companies decreased their target price on shares of Corelogic from $56.00 to $51.00 and set a “neutral” rating for the company in a research note on Friday, July 27th. Zacks Investment Research raised shares of Corelogic from a “hold” rating to a “strong-buy” rating and set a $58.00 target price for the company in a research note on Friday, July 27th. Finally, Compass Point decreased their target price on shares of Corelogic from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Corelogic presently has an average rating of “Hold” and an average target price of $49.60.
Shares of Corelogic stock opened at $40.62 on Thursday. Corelogic Inc has a 1 year low of $38.67 and a 1 year high of $55.79. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.55 and a beta of 0.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.37 and a quick ratio of 1.37.
Corelogic (NYSE:CLGX) last announced its quarterly earnings results on Wednesday, October 24th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). Corelogic had a net margin of 9.46% and a return on equity of 19.41%. The business had revenue of $451.77 million for the quarter, compared to analyst estimates of $476.84 million. During the same period in the prior year, the business earned $0.72 EPS. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Corelogic Inc will post 2.36 EPS for the current fiscal year.
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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