CoreLogic’s (CLGX) “Hold” Rating Reiterated at Piper Jaffray Companies

Piper Jaffray Companies reiterated their hold rating on shares of CoreLogic, Inc. (NYSE:CLGX) in a research report sent to investors on Friday. Piper Jaffray Companies currently has a $50.00 price objective on the business services provider’s stock.

Several other research analysts have also issued reports on the company. BidaskClub lowered CoreLogic from a hold rating to a sell rating in a report on Friday, September 22nd. Zacks Investment Research lowered CoreLogic from a buy rating to a hold rating in a report on Friday, July 28th. Oppenheimer Holdings, Inc. increased their price target on CoreLogic from $45.00 to $50.00 and gave the stock an outperform rating in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $46.00 price target on shares of CoreLogic in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. CoreLogic currently has a consensus rating of Hold and an average target price of $46.50.

Shares of CoreLogic (CLGX) opened at 47.06 on Friday. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 43.21 and a beta of 0.93. CoreLogic has a 12 month low of $34.59 and a 12 month high of $49.30. The company has a 50-day moving average price of $47.40 and a 200-day moving average price of $44.59.

CoreLogic (NYSE:CLGX) last announced its earnings results on Wednesday, October 25th. The business services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. CoreLogic had a return on equity of 17.10% and a net margin of 4.86%. The company had revenue of $483.10 million for the quarter, compared to analyst estimates of $490.09 million. During the same quarter in the prior year, the company earned $0.73 EPS. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. Analysts forecast that CoreLogic will post $2.33 earnings per share for the current fiscal year.

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In other CoreLogic news, General Counsel Stergios Theologides sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $45.42, for a total value of $227,100.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul F. Folino sold 1,750 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $45.24, for a total value of $79,170.00. Following the completion of the transaction, the director now owns 9,462 shares in the company, valued at approximately $428,060.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,842 shares of company stock worth $3,086,969. Corporate insiders own 1.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of CLGX. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CoreLogic by 9.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 283 shares in the last quarter. Covington Capital Management bought a new position in shares of CoreLogic in the second quarter valued at approximately $202,000. Greenwood Capital Associates LLC bought a new position in shares of CoreLogic in the second quarter valued at approximately $210,000. ETF Managers Group LLC bought a new position in shares of CoreLogic in the second quarter valued at approximately $211,000. Finally, Calamos Advisors LLC bought a new position in shares of CoreLogic in the third quarter valued at approximately $218,000. Institutional investors own 88.21% of the company’s stock.

CoreLogic Company Profile

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.

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