CoreLogic, Inc. (CLGX) CEO Sells $1,667,317.12 in Stock

CoreLogic, Inc. (NYSE:CLGX) CEO Frank Martell sold 35,392 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $47.11, for a total transaction of $1,667,317.12. Following the transaction, the chief executive officer now directly owns 251,344 shares of the company’s stock, valued at $11,840,815.84. The sale was disclosed in a document filed with the SEC, which is available through this link.

CoreLogic, Inc. (NYSE:CLGX) opened at 47.44 on Monday. The stock has a 50 day moving average of $45.68 and a 200 day moving average of $42.66. CoreLogic, Inc. has a 12-month low of $34.59 and a 12-month high of $48.02. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 43.56 and a beta of 0.95.

CoreLogic (NYSE:CLGX) last announced its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. The company had revenue of $473.98 million during the quarter, compared to analysts’ expectations of $478.72 million. During the same quarter in the prior year, the company posted $0.65 EPS. The business’s revenue was down 5.2% on a year-over-year basis. Equities research analysts anticipate that CoreLogic, Inc. will post $2.33 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in the company. Tyers Asset Management LLC raised its stake in shares of CoreLogic by 1.4% in the 1st quarter. Tyers Asset Management LLC now owns 3,256 shares of the business services provider’s stock valued at $133,000 after buying an additional 44 shares in the last quarter. Somerset Trust Co raised its stake in shares of CoreLogic by 0.4% in the 2nd quarter. Somerset Trust Co now owns 10,666 shares of the business services provider’s stock valued at $463,000 after buying an additional 47 shares in the last quarter. Flinton Capital Management LLC raised its stake in shares of CoreLogic by 1.4% in the 1st quarter. Flinton Capital Management LLC now owns 4,144 shares of the business services provider’s stock valued at $169,000 after buying an additional 56 shares in the last quarter. Neuburgh Advisers LLC raised its stake in shares of CoreLogic by 1.4% in the 1st quarter. Neuburgh Advisers LLC now owns 5,032 shares of the business services provider’s stock valued at $205,000 after buying an additional 68 shares in the last quarter. Finally, World Asset Management Inc raised its stake in shares of CoreLogic by 2.1% in the 2nd quarter. World Asset Management Inc now owns 5,854 shares of the business services provider’s stock valued at $254,000 after buying an additional 120 shares in the last quarter. Institutional investors own 88.21% of the company’s stock.

Several research analysts have weighed in on the stock. BidaskClub raised shares of CoreLogic from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $46.00 price objective on shares of CoreLogic in a report on Thursday, July 27th. Zacks Investment Research raised shares of CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. raised their price objective on shares of CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, Barclays PLC lifted their price target on shares of CoreLogic from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $45.00.

About CoreLogic

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.

Insider Buying and Selling by Quarter for CoreLogic (NYSE:CLGX)

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