World Asset Management Inc purchased a new position in shares of Corelogic Inc (NYSE:CLGX) in the second quarter, Holdings Channel.com reports. The fund purchased 3,233 shares of the business services provider’s stock, valued at approximately $217,000.

Several other institutional investors have also bought and sold shares of the company. Strs Ohio acquired a new position in shares of Corelogic during the 2nd quarter worth $1,561,000. Stone Ridge Asset Management LLC increased its holdings in Corelogic by 4.8% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 13,135 shares of the business services provider’s stock worth $883,000 after purchasing an additional 600 shares in the last quarter. First Trust Advisors LP increased its holdings in Corelogic by 14.0% in the 2nd quarter. First Trust Advisors LP now owns 44,511 shares of the business services provider’s stock worth $2,992,000 after purchasing an additional 5,460 shares in the last quarter. BBVA USA Bancshares Inc. increased its holdings in Corelogic by 14.0% in the 2nd quarter. BBVA USA Bancshares Inc. now owns 21,987 shares of the business services provider’s stock worth $1,477,000 after purchasing an additional 2,707 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Corelogic by 3.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the business services provider’s stock worth $1,331,000 after purchasing an additional 600 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

In related news, Director Paul F. Folino sold 1,800 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $42.32, for a total transaction of $76,176.00. Following the sale, the director now owns 11,820 shares in the company, valued at approximately $500,222.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barry M. Sando sold 1,142 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $43.00, for a total value of $49,106.00. Following the transaction, the director now directly owns 156,305 shares in the company, valued at $6,721,115. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,182 shares of company stock worth $726,860. 1.60% of the stock is owned by corporate insiders.

NYSE CLGX opened at $68.16 on Friday. The business’s 50-day moving average price is $62.15 and its two-hundred day moving average price is $47.97. Corelogic Inc has a 12 month low of $24.69 and a 12 month high of $69.87. The firm has a market capitalization of $5.42 billion, a PE ratio of 37.66, a price-to-earnings-growth ratio of 1.75 and a beta of 1.34. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 1.56.

Corelogic (NYSE:CLGX) last announced its earnings results on Thursday, July 23rd. The business services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.84 by $0.18. Corelogic had a return on equity of 25.08% and a net margin of 8.09%. The company had revenue of $477.46 million for the quarter, compared to analyst estimates of $463.31 million. During the same quarter in the prior year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, analysts forecast that Corelogic Inc will post 3.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.33 per share. This is a positive change from Corelogic’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, August 31st. This represents a $1.32 annualized dividend and a dividend yield of 1.94%. Corelogic’s dividend payout ratio is presently 35.20%.

A number of brokerages have issued reports on CLGX. Robert W. Baird upped their target price on Corelogic from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. SunTrust Banks raised Corelogic from a “hold” rating to a “buy” rating and upped their target price for the stock from $38.00 to $75.00 in a report on Friday, June 26th. Stephens cut Corelogic from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $57.00 to $69.00 in a report on Friday, July 24th. Compass Point cut Corelogic from a “buy” rating to a “neutral” rating in a report on Friday, July 24th. Finally, Wells Fargo & Co lowered Corelogic from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $65.00 in a research report on Monday, June 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Corelogic has a consensus rating of “Hold” and an average target price of $57.60.

Corelogic 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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Institutional Ownership by Quarter for Corelogic (NYSE:CLGX)

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