CoreLogic, Inc. (NYSE:CLGX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

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. “

CLGX has been the topic of several other reports. Barclays PLC lifted their price objective on shares of CoreLogic from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, June 9th. BidaskClub lowered shares of CoreLogic from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Robert W. Baird lifted their price target on shares of CoreLogic from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, June 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $46.00 price target on shares of CoreLogic in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. lifted their price target on shares of CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.

CoreLogic (CLGX) traded up 0.24% during mid-day trading on Thursday, hitting $45.48. The company had a trading volume of 272,569 shares. CoreLogic has a 1-year low of $34.59 and a 1-year high of $45.99. The company has a 50 day moving average of $43.61 and a 200 day moving average of $40.92. The firm has a market capitalization of $3.83 billion, a PE ratio of 41.76 and a beta of 0.97.

CoreLogic (NYSE:CLGX) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 earnings per share (EPS) 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%. CoreLogic’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. Analysts predict that CoreLogic will post $2.33 earnings per share for the current fiscal year.

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In other news, Director Mary Lee Widener sold 1,250 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $41.65, for a total transaction of $52,062.50. Following the sale, the director now directly owns 10,354 shares of the company’s stock, valued at $431,244.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stergios Theologides sold 5,000 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $44.00, for a total transaction of $220,000.00. Following the sale, the general counsel now directly owns 63,806 shares in the company, valued at $2,807,464. The disclosure for this sale can be found here. Insiders sold 11,410 shares of company stock worth $490,997 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Large investors have recently made changes to their positions in the stock. First Trust Advisors LP raised its stake in shares of CoreLogic by 24.8% in the first quarter. First Trust Advisors LP now owns 204,395 shares of the business services provider’s stock worth $8,323,000 after buying an additional 40,647 shares during the period. Tyers Asset Management LLC raised its stake in shares of CoreLogic by 1.4% in the first quarter. Tyers Asset Management LLC now owns 3,256 shares of the business services provider’s stock worth $133,000 after buying an additional 44 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of CoreLogic by 2.3% in the first quarter. Great West Life Assurance Co. Can now owns 50,385 shares of the business services provider’s stock worth $2,051,000 after buying an additional 1,116 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of CoreLogic by 212.9% in the first quarter. Canada Pension Plan Investment Board now owns 78,771 shares of the business services provider’s stock worth $3,208,000 after buying an additional 53,600 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of CoreLogic by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 31,037 shares of the business services provider’s stock worth $1,264,000 after buying an additional 400 shares during the period. 89.80% of the stock is currently owned by hedge funds and other institutional investors.

CoreLogic Company Profile

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.

Analyst Recommendations for CoreLogic (NYSE:CLGX)

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