CoreLogic, Inc. (CLGX) Position Trimmed by Voya Investment Management LLC
Voya Investment Management LLC trimmed its position in shares of CoreLogic, Inc. (NYSE:CLGX) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,006 shares of the business services provider’s stock after selling 2,769 shares during the period. Voya Investment Management LLC owned approximately 0.09% of CoreLogic worth $3,210,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLGX. Vanguard Group Inc. grew its holdings in CoreLogic by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 7,213,386 shares of the business services provider’s stock worth $293,729,000 after acquiring an additional 301,853 shares in the last quarter. BlackRock Inc. grew its holdings in CoreLogic by 0.3% during the 2nd quarter. BlackRock Inc. now owns 6,776,233 shares of the business services provider’s stock worth $293,953,000 after acquiring an additional 18,907 shares in the last quarter. Bessemer Group Inc. grew its holdings in CoreLogic by 43.1% during the 2nd quarter. Bessemer Group Inc. now owns 2,918,525 shares of the business services provider’s stock worth $126,606,000 after acquiring an additional 879,164 shares in the last quarter. Schroder Investment Management Group grew its holdings in CoreLogic by 12.3% during the 2nd quarter. Schroder Investment Management Group now owns 2,088,663 shares of the business services provider’s stock worth $90,439,000 after acquiring an additional 229,129 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in CoreLogic by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,647,527 shares of the business services provider’s stock worth $71,470,000 after acquiring an additional 79,447 shares in the last quarter. 88.16% of the stock is owned by institutional investors and hedge funds.
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In other CoreLogic news, Director Paul F. Folino sold 1,750 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $45.24, for a total value of $79,170.00. Following the sale, the director now owns 9,462 shares of the company’s stock, valued at approximately $428,060.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank Martell sold 35,392 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $47.11, for a total transaction of $1,667,317.12. Following the completion of the sale, the chief executive officer now directly owns 251,344 shares in the company, valued at approximately $11,840,815.84. The disclosure for this sale can be found here. Insiders have sold 66,242 shares of company stock worth $3,105,193 in the last ninety days. 1.20% of the stock is currently owned by insiders.
CoreLogic, Inc. (NYSE:CLGX) opened at 49.10 on Friday. The firm’s 50-day moving average is $46.91 and its 200 day moving average is $44.02. CoreLogic, Inc. has a one year low of $34.59 and a one year high of $49.21. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 45.09 and a beta of 0.93.
CoreLogic (NYSE:CLGX) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.06. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. The business had revenue of $473.98 million for the quarter, compared to analyst estimates of $478.72 million. During the same quarter in the previous year, the firm posted $0.65 earnings per share. CoreLogic’s revenue was down 5.2% compared to the same quarter last year. Analysts forecast that CoreLogic, Inc. will post $2.33 EPS for the current fiscal year.
Several research analysts have weighed in on CLGX shares. BidaskClub raised shares of CoreLogic from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of CoreLogic from a “buy” rating to a “hold” rating in a report on Friday, July 28th. 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, 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $45.00.
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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