BlackRock Inc. Grows Holdings in Corelogic Inc (CLGX)

BlackRock Inc. raised its holdings in shares of Corelogic Inc (NYSE:CLGX) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,208,307 shares of the business services provider’s stock after purchasing an additional 57,081 shares during the period. BlackRock Inc. owned 8.95% of Corelogic worth $240,901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CLGX. Arizona State Retirement System increased its stake in shares of Corelogic by 0.6% in the 4th quarter. Arizona State Retirement System now owns 57,822 shares of the business services provider’s stock valued at $1,932,000 after acquiring an additional 344 shares during the last quarter. Huntington National Bank increased its stake in shares of Corelogic by 12.7% in the 4th quarter. Huntington National Bank now owns 3,814 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 430 shares during the last quarter. Comerica Bank increased its stake in Corelogic by 1.2% during the 4th quarter. Comerica Bank now owns 52,553 shares of the business services provider’s stock worth $1,882,000 after purchasing an additional 622 shares in the last quarter. Hsbc Holdings PLC increased its stake in Corelogic by 26.6% during the 3rd quarter. Hsbc Holdings PLC now owns 8,137 shares of the business services provider’s stock worth $402,000 after purchasing an additional 1,708 shares in the last quarter. Finally, FMR LLC increased its stake in Corelogic by 0.3% during the 3rd quarter. FMR LLC now owns 610,372 shares of the business services provider’s stock worth $30,158,000 after purchasing an additional 1,880 shares in the last quarter. Institutional investors own 90.09% of the company’s stock.

A number of research firms recently issued reports on CLGX. ValuEngine raised Corelogic from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Zacks Investment Research raised Corelogic from a “sell” rating to a “hold” rating in a research note on Tuesday, February 26th. Robert W. Baird increased their target price on Corelogic from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, February 28th. Stephens cut Corelogic from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $51.00 to $40.00 in a research note on Tuesday, January 29th. Finally, Barclays reissued a “buy” rating and set a $58.00 target price on shares of Corelogic in a research note on Sunday, December 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.78.

In other news, CEO Frank Martell sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $40.01, for a total transaction of $400,100.00. Following the completion of the transaction, the chief executive officer now directly owns 267,243 shares of the company’s stock, valued at approximately $10,692,392.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

NYSE CLGX opened at $37.03 on Friday. Corelogic Inc has a 52-week low of $31.87 and a 52-week high of $55.79. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $2.97 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 1.64 and a beta of 0.83.

Corelogic (NYSE:CLGX) last posted its earnings results on Tuesday, February 26th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $403.31 million during the quarter, compared to analysts’ expectations of $412.00 million. Corelogic had a return on equity of 18.89% and a net margin of 6.81%. Corelogic’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS. As a group, sell-side analysts expect that Corelogic Inc will post 2.08 earnings per share for the current year.

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Corelogic 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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Institutional Ownership by Quarter for Corelogic (NYSE:CLGX)

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