State Board of Administration of Florida Retirement System Has $5.33 Million Stake in Corelogic Inc (NYSE:CLGX)

State Board of Administration of Florida Retirement System lowered its position in Corelogic Inc (NYSE:CLGX) by 2.5% during the fourth quarter, Holdings Channel reports. The firm owned 122,033 shares of the business services provider’s stock after selling 3,110 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Corelogic were worth $5,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CLGX. First Trust Advisors LP lifted its position in shares of Corelogic by 56.8% in the 1st quarter. First Trust Advisors LP now owns 171,101 shares of the business services provider’s stock worth $6,375,000 after purchasing an additional 62,013 shares during the period. Invesco Ltd. increased its stake in Corelogic by 21.1% during the 2nd quarter. Invesco Ltd. now owns 43,879 shares of the business services provider’s stock valued at $1,836,000 after purchasing an additional 7,634 shares in the last quarter. Royal Bank of Canada increased its stake in Corelogic by 938.4% during the 2nd quarter. Royal Bank of Canada now owns 19,117 shares of the business services provider’s stock valued at $799,000 after purchasing an additional 17,276 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Corelogic by 46.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 36,395 shares of the business services provider’s stock valued at $1,684,000 after purchasing an additional 11,494 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Corelogic by 10.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,073 shares of the business services provider’s stock valued at $235,000 after purchasing an additional 479 shares in the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

CLGX traded up $0.52 during mid-day trading on Friday, reaching $49.67. 11,805 shares of the stock were exchanged, compared to its average volume of 718,287. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $3.90 billion, a PE ratio of 127.44, a price-to-earnings-growth ratio of 1.75 and a beta of 0.72. The company has a 50 day moving average price of $45.70 and a two-hundred day moving average price of $44.66. Corelogic Inc has a 1 year low of $35.62 and a 1 year high of $49.49.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Thursday, January 9th. Corelogic’s dividend payout ratio is 37.29%.

A number of brokerages have commented on CLGX. Zacks Investment Research lowered shares of Corelogic from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. TheStreet lowered shares of Corelogic from a “b-” rating to a “c” rating in a research note on Friday, November 8th. ValuEngine lowered shares of Corelogic from a “hold” rating to a “sell” rating in a research note on Thursday, December 12th. Wolfe Research lowered shares of Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research note on Friday, October 25th. Finally, SunTrust Banks set a $44.00 price target on shares of Corelogic and gave the company a “hold” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $45.71.

In other Corelogic news, Director Barry M. Sando sold 3,750 shares of Corelogic stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $45.84, for a total transaction of $171,900.00. Following the transaction, the director now directly owns 142,166 shares of the company’s stock, valued at approximately $6,516,889.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frank Martell sold 7,500 shares of Corelogic stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $43.99, for a total transaction of $329,925.00. Following the transaction, the chief executive officer now directly owns 311,095 shares in the company, valued at $13,685,069.05. The disclosure for this sale can be found here. Insiders have sold a total of 13,250 shares of company stock worth $585,825 over the last ninety days. Insiders own 1.10% of the company’s stock.

Corelogic 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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Institutional Ownership by Quarter for Corelogic (NYSE:CLGX)

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