CoreLogic, Inc. Common Stock (NYSE:CLGX) has been the object of insider selling activity recently. Director Mary Lee Widener disclosed the sale of 1,000 shares of CLGX stock. The shares were sold on June 8th for an average price of $42.79. Widener now owns $400,239 of the stock per the Form 4 SEC filing. Stergios Theologides, General Counsel and Secretary reported the sale of 5,000 shares of (CLGX). The shares were purchased at an average price of $42.60. The General Counsel and Secretary now owns $2,505,136 of the stock according to the SEC filing.
J. David Chatham, Director let go of $157,920 worth of shares at an average price of $42.00 on May 19th. The Director now owns $200,340 of the stock as reported to the SEC.
CoreLogic, Inc., launched on October 13, 2009, 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. The Business’s segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate. The Company offers its clients a national database of public, contributory and data covering real property and mortgage information, judgments and liens, building and replacement costs, parcel and geospatial data, criminal background records, eviction information, non-prime lending records, credit information and tax information, among other data types. As of December 31, 2016, the Business’s databases included over 904 million historical property transactions, over 100 million mortgage applications and property-specific data covering approximately 99% of the United States residential properties, as well as commercial locations, totaling over 150 million records..
These funds have also shifted positions in (CLGX). Proficio Capital Partners LLC expanded its stake by buying 55 shares an increase of 275.0% in the quarter. Proficio Capital Partners LLC claims 75 shares worth $3,000. The total value of its holdings increased 200.0%. Morgan Stanley cut its position by selling 41 shares a decrease of 17.0%. Morgan Stanley owns 200 shares valued at $8,000. The value of the position overall is down by 11.1%.
As of quarter end Winton Group Ltd had acquired 83,959 shares growing its holdings by 1,011.8%. The value of the company’s investment in CoreLogic, Inc. Common Stock went from $306,000 to $3,757,000 a change of 1,127.8% for the reporting period. Schroder Investment Management Group augmented its ownership by buying 21,021 shares an increase of 1.1% as of 03/31/2017. Schroder Investment Management Group controls 1,859,534 shares with a value of $75,200,000. The total value of its holdings increased 11.1%.
On December 6, 2016 Deutsche Bank started covering CLGX setting a rating of “Sell”. August 18 investment analysts at Barclays maintained a company rating of “Overweight” but raised the price target from $46.00 to $50.00.
On July 27 the company was downgraded from “Outperform” to “Neutral” in a report from Baird. On July 7 Barclays kept the stock rating at “Overweight” and raised the price expectation to $46.00 from $44.00.
On March 24 Macquarie made no change to the stock rating of “Underperform” but moved down the price target to $33.00 from $35.00. February 29 investment analysts at Keefe Bruyette & Woods kept the company rating at “Market Perform” and moved down the price target to $41.00 from $42.50.
The company is so far trading down since yesterday’s close of $42.88. Shares last traded at $42.54 which is slightly above the 50 day moving average which is $42.41 and just above the 200 day moving average of $39.21. The 50 day moving average was up $0.13 whereas the 200 day moving average was up $3.33 or +8.50%.
The P/E ratio is 39.91 and market cap is 3.60B. As of the last earnings report the EPS was $1.07 and is expected to be $2.28 for the current year with 84,642,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.69 and the next full year EPS is projected to be $2.59.