CoreLogic, Inc. (NYSE:CLGX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “CoreLogic, Inc., formerly known as First American Corp., is a provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services. CoreLogic has built databases for U.S. real estate, mortgage application, fraud, and loan performance and is also a provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. The Company serves various industries, including automotive, cable, financial services, employment, geospatial information service, insurance, legal, oil and gas, real estate, retail, utility, and telecommunications. CoreLogic, Inc. is headquartered in Santa Ana, California. “

A number of other research firms also recently issued reports on CLGX. Barclays PLC lifted their target price on CoreLogic from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $46.00 target price on shares of CoreLogic in a research report on Thursday, July 27th. BidaskClub downgraded CoreLogic from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $50.00 target price on shares of CoreLogic in a research report on Friday, October 27th. Finally, Oppenheimer Holdings, Inc. lifted their target price on CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $46.50.

CoreLogic (CLGX) opened at 46.90 on Monday. CoreLogic has a one year low of $34.59 and a one year high of $49.30. The stock’s 50 day moving average price is $47.36 and its 200-day moving average price is $44.70. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 43.07 and a beta of 0.93.

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

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In other news, Director Paul F. Folino sold 1,750 shares of the company’s 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 transaction, the director now owns 9,462 shares of the company’s stock, valued at $428,060.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Barry M. Sando sold 23,200 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $47.01, for a total value of $1,090,632.00. Following the completion of the transaction, the insider now directly owns 156,661 shares in the company, valued at approximately $7,364,633.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,842 shares of company stock worth $3,086,969. Company insiders own 1.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of CLGX. Russell Investments Group Ltd. grew its position in shares of CoreLogic by 110.5% in the first quarter. Russell Investments Group Ltd. now owns 7,104 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 3,729 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of CoreLogic by 23.1% in the first quarter. UBS Asset Management Americas Inc. now owns 64,246 shares of the business services provider’s stock valued at $2,616,000 after purchasing an additional 12,036 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of CoreLogic by 17.1% in the first quarter. OppenheimerFunds Inc. now owns 12,231 shares of the business services provider’s stock valued at $498,000 after purchasing an additional 1,788 shares during the last quarter. Wellington Management Group LLP grew its position in shares of CoreLogic by 115.6% in the first quarter. Wellington Management Group LLP now owns 22,669 shares of the business services provider’s stock valued at $923,000 after purchasing an additional 12,156 shares during the last quarter. Finally, FMR LLC grew its position in shares of CoreLogic by 30.7% in the first quarter. FMR LLC now owns 918,295 shares of the business services provider’s stock valued at $37,393,000 after purchasing an additional 215,633 shares during the last quarter. 88.21% of the stock is currently owned by institutional investors.

About CoreLogic

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.

Analyst Recommendations for CoreLogic (NYSE:CLGX)

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