World Asset Management Inc Has $254,000 Stake in CoreLogic, Inc. (CLGX)
World Asset Management Inc boosted its stake in CoreLogic, Inc. (NYSE:CLGX) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 5,854 shares of the business services provider’s stock after buying an additional 120 shares during the period. World Asset Management Inc’s holdings in CoreLogic were worth $254,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in CLGX. Russell Investments Group Ltd. purchased a new stake in CoreLogic during the fourth quarter valued at about $125,000. Capstone Asset Management Co. boosted its stake in CoreLogic by 1.5% in the first quarter. Capstone Asset Management Co. now owns 11,552 shares of the business services provider’s stock valued at $470,000 after buying an additional 170 shares in the last quarter. Boston Advisors LLC boosted its stake in CoreLogic by 8.5% in the first quarter. Boston Advisors LLC now owns 222,740 shares of the business services provider’s stock valued at $9,070,000 after buying an additional 17,515 shares in the last quarter. Huntington National Bank boosted its stake in CoreLogic by 24.9% in the first quarter. Huntington National Bank now owns 4,640 shares of the business services provider’s stock valued at $189,000 after buying an additional 925 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in CoreLogic by 1.6% in the first quarter. Fisher Asset Management LLC now owns 2,258,652 shares of the business services provider’s stock valued at $91,972,000 after buying an additional 35,584 shares in the last quarter. 89.85% of the stock is currently owned by institutional investors.
Shares of CoreLogic, Inc. (CLGX) opened at 44.99 on Friday. The company has a 50 day moving average of $44.36 and a 200 day moving average of $41.66. CoreLogic, Inc. has a 52-week low of $34.59 and a 52-week high of $45.99. The firm has a market capitalization of $3.79 billion, a PE ratio of 41.31 and a beta of 0.97.
CoreLogic (NYSE:CLGX) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.06. The firm had revenue of $473.98 million for the quarter, compared to the consensus estimate of $478.72 million. CoreLogic had a return on equity of 17.07% and a net margin of 4.99%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. On average, analysts anticipate that CoreLogic, Inc. will post $2.33 earnings per share for the current fiscal year.
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CLGX has been the topic of several analyst reports. Barclays PLC raised their price target on shares of CoreLogic from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, June 9th. Robert W. Baird raised their price target on shares of CoreLogic from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 13th. BidaskClub raised shares of CoreLogic from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Oppenheimer Holdings, Inc. raised their price target on shares of CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised shares of CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. CoreLogic presently has an average rating of “Hold” and an average target price of $45.00.
In other CoreLogic news, Director Paul F. Folino sold 1,750 shares of CoreLogic stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $45.24, for a total transaction of $79,170.00. Following the transaction, the director now owns 9,462 shares of the company’s stock, valued at approximately $428,060.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Lee Widener sold 1,000 shares of CoreLogic stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $42.79, for a total value of $42,790.00. Following the transaction, the director now directly owns 9,354 shares in the company, valued at approximately $400,257.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,650 shares of company stock worth $382,934. Company insiders own 1.20% of the company’s stock.
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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