Corelogic (NYSE:CLGX) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Corelogic (NYSE:CLGX) from a sell rating to a hold rating in a report released on Friday, Zacks.com reports.

According to Zacks, “CoreLogic, Inc., formerly known as First American Corp., is a provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services. CoreLogic has built databases for U.S. real estate, mortgage application, fraud, and loan performance and is also a provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. The Company serves various industries, including automotive, cable, financial services, employment, geospatial information service, insurance, legal, oil and gas, real estate, retail, utility, and telecommunications. CoreLogic, Inc. is headquartered in Santa Ana, California. “

A number of other research analysts also recently issued reports on CLGX. SunTrust Banks boosted their price objective on Fidelity National Financial to $45.00 and gave the company a buy rating in a research note on Friday, April 26th. ValuEngine raised Yandex from a hold rating to a buy rating in a research note on Saturday, April 13th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $46.30.

Shares of NYSE:CLGX opened at $44.02 on Friday. The firm has a market cap of $3.56 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.88 and a beta of 0.83. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.22 and a quick ratio of 1.22. The company has a 50-day simple moving average of $42.29. Corelogic has a 1 year low of $31.87 and a 1 year high of $55.56.

Corelogic (NYSE:CLGX) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $417.71 million for the quarter, compared to the consensus estimate of $404.20 million. Corelogic had a return on equity of 18.13% and a net margin of 5.41%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. Research analysts predict that Corelogic will post 2.13 EPS for the current fiscal year.

In related news, Director Paul F. Folino sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $40.65, for a total transaction of $152,437.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Frank Martell sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $43.03, for a total value of $322,725.00. Following the transaction, the chief executive officer now directly owns 324,436 shares in the company, valued at $13,960,481.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,340 shares of company stock worth $1,385,130. 1.10% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB increased its holdings in Corelogic by 4.4% during the 1st quarter. Nordea Investment Management AB now owns 186,800 shares of the business services provider’s stock worth $6,961,000 after purchasing an additional 7,800 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Corelogic by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,707,583 shares of the business services provider’s stock worth $57,067,000 after purchasing an additional 82,197 shares in the last quarter. NumerixS Investment Technologies Inc increased its holdings in Corelogic by 68.8% during the 1st quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the business services provider’s stock worth $118,000 after purchasing an additional 1,304 shares in the last quarter. Oakbrook Investments LLC increased its holdings in Corelogic by 11.8% during the 1st quarter. Oakbrook Investments LLC now owns 9,500 shares of the business services provider’s stock worth $354,000 after purchasing an additional 1,000 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC bought a new stake in Corelogic during the 1st quarter worth approximately $1,263,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

About Corelogic

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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