First Mercantile Trust Co. Sells 870 Shares of CoreLogic Inc. (CLGX)
First Mercantile Trust Co. lowered its stake in shares of CoreLogic Inc. (NYSE:CLGX) by 4.0% during the second quarter, Holdings Channel reports. The firm owned 21,030 shares of the company’s stock after selling 870 shares during the period. First Mercantile Trust Co.’s holdings in CoreLogic were worth $809,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the stock. First American Trust FSB increased its stake in shares of CoreLogic by 0.6% in the second quarter. First American Trust FSB now owns 34,488 shares of the company’s stock worth $1,327,000 after buying an additional 201 shares during the period. Capstone Asset Management Co. increased its stake in shares of CoreLogic by 3.5% in the second quarter. Capstone Asset Management Co. now owns 7,662 shares of the company’s stock worth $295,000 after buying an additional 260 shares during the period. Glenmede Trust Co. NA increased its stake in shares of CoreLogic by 7.2% in the second quarter. Glenmede Trust Co. NA now owns 5,639 shares of the company’s stock worth $216,000 after buying an additional 378 shares during the period. State Treasurer State of Michigan increased its stake in shares of CoreLogic by 1.4% in the second quarter. State Treasurer State of Michigan now owns 35,700 shares of the company’s stock worth $1,374,000 after buying an additional 500 shares during the period. Finally, Retirement Systems of Alabama increased its stake in shares of CoreLogic by 0.7% in the second quarter. Retirement Systems of Alabama now owns 114,618 shares of the company’s stock worth $4,411,000 after buying an additional 825 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.
CoreLogic Inc. (NYSE:CLGX) opened at 39.07 on Tuesday. The firm’s 50-day moving average is $39.84 and its 200-day moving average is $37.48. The firm has a market capitalization of $3.45 billion, a PE ratio of 26.10 and a beta of 1.06. CoreLogic Inc. has a 12 month low of $30.73 and a 12 month high of $43.43.
CoreLogic (NYSE:CLGX) last released its quarterly earnings data on Monday, July 25th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. CoreLogic had a return on equity of 14.56% and a net margin of 7.73%. The firm had revenue of $500 million for the quarter, compared to the consensus estimate of $485.55 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The firm’s revenue was up 29.5% on a year-over-year basis. On average, equities research analysts expect that CoreLogic Inc. will post $2.28 EPS for the current year.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of CoreLogic from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a report on Friday, July 22nd. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $45.00 target price on shares of CoreLogic in a research report on Friday, July 22nd. Monness Crespi & Hardt raised their target price on shares of CoreLogic from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Keefe, Bruyette & Woods raised their target price on shares of CoreLogic from $41.00 to $44.50 and gave the stock a “market perform” rating in a research report on Wednesday, July 27th. Finally, Robert W. Baird cut shares of CoreLogic from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $40.00 to $41.00 in a research report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. CoreLogic presently has an average rating of “Buy” and a consensus target price of $43.72.
In other CoreLogic news, Director Mary Lee Widener sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $40.14, for a total transaction of $120,420.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stergios Theologides sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $38.74, for a total value of $154,960.00. Following the sale, the senior vice president now directly owns 27,870 shares of the company’s stock, valued at approximately $1,079,683.80. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.
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. It operates through two segments: Property Intelligence and Risk Management and Work Flow.
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