Corelogic (CLGX) Trading Down 5.1%

Corelogic Inc (NYSE:CLGX) fell 5.1% during trading on Thursday . The company traded as low as $39.82 and last traded at $40.20. 1,627,102 shares were traded during mid-day trading, an increase of 224% from the average session volume of 502,590 shares. The stock had previously closed at $42.35.

A number of research firms have commented on CLGX. ValuEngine raised Corelogic from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Zacks Investment Research downgraded Corelogic from a “hold” rating to a “sell” rating in a report on Friday, January 11th. Deutsche Bank reduced their target price on Corelogic from $45.00 to $36.00 and set a “hold” rating for the company in a report on Monday, January 7th. Stephens downgraded Corelogic from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $51.00 to $40.00 in a report on Tuesday, January 29th. Finally, Robert W. Baird raised their target price on Corelogic from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, February 28th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.78.

The company has a debt-to-equity ratio of 1.75, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $3.39 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 1.81 and a beta of 0.82.

Corelogic (NYSE:CLGX) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Corelogic had a return on equity of 18.89% and a net margin of 6.81%. The company had revenue of $417.71 million during the quarter, compared to the consensus estimate of $404.20 million. During the same quarter last year, the company earned $0.52 earnings per share. Corelogic’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, research analysts anticipate that Corelogic Inc will post 2.12 earnings per share for the current fiscal year.

In other news, CEO Frank Martell sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $40.01, for a total value of $400,100.00. Following the completion of the transaction, the chief executive officer now owns 267,243 shares in the company, valued at $10,692,392.43. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Cutler Group LP increased its position in shares of Corelogic by 2,000.0% in the fourth quarter. Cutler Group LP now owns 3,800 shares of the business services provider’s stock valued at $126,000 after buying an additional 4,000 shares in the last quarter. Huntington National Bank increased its position in Corelogic by 12.7% during the 4th quarter. Huntington National Bank now owns 3,814 shares of the business services provider’s stock worth $127,000 after purchasing an additional 430 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Corelogic by 181.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,842 shares of the business services provider’s stock worth $143,000 after purchasing an additional 2,477 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Corelogic during the 4th quarter worth about $164,000. Finally, Dupont Capital Management Corp purchased a new stake in Corelogic during the 4th quarter worth about $179,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

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Corelogic Company Profile (NYSE:CLGX)

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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