Corelogic (NYSE:CLGX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued 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. “

Other research analysts have also issued research reports about the company. SunTrust Banks lifted their target price on Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. ValuEngine upgraded Yandex from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.30.

Shares of Corelogic stock traded up $0.34 during trading hours on Friday, reaching $44.12. The stock had a trading volume of 339,884 shares, compared to its average volume of 496,342. The business’s 50 day simple moving average is $42.11. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.85 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. Corelogic has a 1 year low of $31.87 and a 1 year high of $55.56.

Corelogic (NYSE:CLGX) last posted its earnings results 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. Corelogic had a return on equity of 18.13% and a net margin of 5.41%. The business had revenue of $417.71 million during the quarter, compared to analyst estimates of $404.20 million. During the same quarter last year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities analysts predict that Corelogic will post 2.13 earnings per share for the current fiscal year.

In related news, Director Douglas C. Curling sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $41.00, for a total value of $615,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary Lee Widener sold 1,900 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $40.00, for a total value of $76,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,340 shares of company stock valued at $1,385,130. Insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new position in shares of Corelogic during the 1st quarter valued at $25,000. AlphaOne Investment Services LLC grew its holdings in shares of Corelogic by 18.5% during the first quarter. AlphaOne Investment Services LLC now owns 1,690 shares of the business services provider’s stock valued at $63,000 after buying an additional 264 shares in the last quarter. Weaver Consulting Group acquired a new stake in Corelogic during the first quarter valued at $65,000. Group One Trading L.P. boosted its position in Corelogic by 49.0% during the first quarter. Group One Trading L.P. now owns 2,578 shares of the business services provider’s stock valued at $96,000 after purchasing an additional 848 shares during the last quarter. Finally, NumerixS Investment Technologies Inc boosted its position in Corelogic by 68.8% during the first quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the business services provider’s stock valued at $118,000 after purchasing an additional 1,304 shares during the last quarter. 90.32% of the stock is currently owned by institutional investors and hedge funds.

Corelogic Company 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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