California State Teachers Retirement System cut its stake in shares of Corelogic Inc (NYSE:CLGX) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,244 shares of the business services provider’s stock after selling 4,394 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Corelogic worth $5,846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG grew its holdings in shares of Corelogic by 59.7% during the first quarter. UBS Group AG now owns 15,140 shares of the business services provider’s stock valued at $684,000 after buying an additional 5,657 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of Corelogic by 54.6% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 16,674 shares of the business services provider’s stock valued at $754,000 after buying an additional 5,886 shares during the last quarter. Profund Advisors LLC lifted its position in Corelogic by 16.5% during the first quarter. Profund Advisors LLC now owns 11,949 shares of the business services provider’s stock valued at $540,000 after purchasing an additional 1,689 shares during the period. Principal Financial Group Inc. lifted its position in Corelogic by 1.5% during the first quarter. Principal Financial Group Inc. now owns 361,506 shares of the business services provider’s stock valued at $16,350,000 after purchasing an additional 5,393 shares during the period. Finally, Koch Industries Inc. acquired a new position in Corelogic during the first quarter valued at $472,000. 90.75% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the stock. Wells Fargo & Co boosted their target price on shares of Corelogic from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, June 25th. ValuEngine upgraded shares of Corelogic from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Zacks Investment Research downgraded shares of Corelogic from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Compass Point upgraded shares of Corelogic from a “sell” rating to a “neutral” rating and boosted their target price for the company from $42.00 to $46.00 in a research report on Friday, April 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $49.10.

In other Corelogic news, Director Mary Lee Widener sold 800 shares of the company’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $51.19, for a total value of $40,952.00. Following the completion of the transaction, the director now owns 9,944 shares in the company, valued at $509,033.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Frank Martell sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $51.13, for a total transaction of $511,300.00. Following the completion of the transaction, the chief executive officer now owns 292,343 shares of the company’s stock, valued at approximately $14,947,497.59. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Shares of Corelogic stock opened at $52.45 on Tuesday. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.98 and a beta of 0.85. Corelogic Inc has a fifty-two week low of $42.00 and a fifty-two week high of $55.79. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.27 and a quick ratio of 1.27.

Corelogic (NYSE:CLGX) last issued its quarterly earnings data on Wednesday, April 25th. The business services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $444.90 million during the quarter, compared to the consensus estimate of $435.03 million. Corelogic had a net margin of 8.89% and a return on equity of 18.27%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 earnings per share. sell-side analysts predict that Corelogic Inc will post 2.38 earnings per share for the current year.

About Corelogic

CoreLogic, Inc provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company's Property Intelligence segment owns or licenses loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps, and mortgage-backed securities information.

Institutional Ownership by Quarter for Corelogic (NYSE:CLGX)

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