Barclays assumed coverage on shares of Corelogic (NYSE:CLGX) in a research note released on Wednesday, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $54.00 target price on the business services provider’s stock.
Other equities research analysts also recently issued reports about the company. Robert W. Baird set a $45.00 price objective on Corelogic and gave the company a hold rating in a report on Friday, July 26th. Zacks Investment Research raised Corelogic from a hold rating to a strong-buy rating and set a $53.00 price objective for the company in a report on Tuesday, July 30th. SunTrust Banks increased their price objective on Corelogic to $42.00 and gave the company a hold rating in a report on Friday, April 26th. They noted that the move was a valuation call. Finally, Compass Point set a $44.00 price objective on Corelogic and gave the company a hold rating in a report on Friday, July 26th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $45.56.
Shares of CLGX opened at $47.49 on Wednesday. The stock has a 50 day moving average price of $45.38 and a 200 day moving average price of $41.18. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.96 and a beta of 0.81. Corelogic has a 52-week low of $31.87 and a 52-week high of $51.28.
In other news, Director Paul F. Folino sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $45.84, for a total transaction of $50,424.00. Following the completion of the sale, the director now owns 9,902 shares in the company, valued at $453,907.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank Martell sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $43.03, for a total value of $322,725.00. Following the sale, the chief executive officer now owns 324,436 shares of the company’s stock, valued at approximately $13,960,481.08. The disclosure for this sale can be found here. Insiders sold 22,740 shares of company stock valued at $1,012,906 over the last three months. Corporate insiders own 1.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CLGX. UBS Group AG raised its stake in shares of Corelogic by 488.4% during the second quarter. UBS Group AG now owns 2,670,752 shares of the business services provider’s stock worth $111,717,000 after purchasing an additional 2,216,835 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Corelogic during the second quarter worth approximately $50,172,000. Renaissance Technologies LLC raised its stake in shares of Corelogic by 102.3% during the second quarter. Renaissance Technologies LLC now owns 659,300 shares of the business services provider’s stock worth $27,579,000 after purchasing an additional 333,380 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Corelogic during the second quarter worth approximately $12,736,000. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Corelogic during the second quarter worth approximately $9,772,000. Institutional investors and hedge funds own 89.73% of the company’s stock.
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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