Corelogic Inc (NYSE:CLGX) CFO Sells $187,960.00 in Stock

Corelogic Inc (NYSE:CLGX) CFO James L. Balas sold 4,000 shares of Corelogic stock in a transaction on Monday, August 19th. The stock was sold at an average price of $46.99, for a total transaction of $187,960.00. Following the completion of the transaction, the chief financial officer now directly owns 83,703 shares in the company, valued at $3,933,203.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Corelogic stock opened at $48.19 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.75. The company’s fifty day simple moving average is $45.29 and its two-hundred day simple moving average is $41.12. The company has a market cap of $3.75 billion, a P/E ratio of 22.48, a PEG ratio of 1.90 and a beta of 0.81. Corelogic Inc has a 12-month low of $31.87 and a 12-month high of $51.28.

Corelogic (NYSE:CLGX) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.09. The business had revenue of $459.54 million for the quarter, compared to the consensus estimate of $444.22 million. Corelogic had a net margin of 1.80% and a return on equity of 17.14%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS. Analysts predict that Corelogic Inc will post 2.24 EPS for the current fiscal year.

Several research analysts recently commented on CLGX shares. Zacks Investment Research raised shares of Corelogic from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, July 30th. SunTrust Banks lifted their target price on shares of Corelogic to $42.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. They noted that the move was a valuation call. Robert W. Baird set a $45.00 target price on shares of Corelogic and gave the stock a “hold” rating in a research note on Friday, July 26th. Compass Point set a $44.00 target price on shares of Corelogic and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, Barclays started coverage on shares of Corelogic in a research note on Wednesday. They issued an “overweight” rating and a $54.00 target price on the stock. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.56.

A number of institutional investors have recently modified their holdings of the business. AlphaOne Investment Services LLC increased its position in Corelogic by 18.5% during the 1st quarter. AlphaOne Investment Services LLC now owns 1,690 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 264 shares during the period. Mason Street Advisors LLC increased its position in Corelogic by 0.9% during the 1st quarter. Mason Street Advisors LLC now owns 42,591 shares of the business services provider’s stock valued at $1,587,000 after purchasing an additional 393 shares during the period. Advisor Group Inc. increased its position in Corelogic by 65.8% during the 2nd quarter. Advisor Group Inc. now owns 1,356 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 538 shares during the period. Leisure Capital Management increased its position in Corelogic by 5.2% during the 1st quarter. Leisure Capital Management now owns 13,011 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 644 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in Corelogic during the 1st quarter valued at $25,000. 89.73% 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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Insider Buying and Selling by Quarter for Corelogic (NYSE:CLGX)

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