Palisade Capital Managementnj Lowers stake in Corelogic Inc (CLGX)

Corelogic Inc (CLGX) : Palisade Capital Managementnj reduced its stake in Corelogic Inc by 0.87% during the most recent quarter end. The investment management company now holds a total of 413,037 shares of Corelogic Inc which is valued at $16,005,184 after selling 3,633 shares in Corelogic Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Corelogic Inc makes up approximately 0.68% of Palisade Capital Managementnj’s portfolio.

Other Hedge Funds, Including , Quantitative Investment Management sold out all of its stake in CLGX during the most recent quarter. The investment firm sold 10,700 shares of CLGX which is valued $414,625.Public Employees Retirement Association Of Colorado reduced its stake in CLGX by selling 400 shares or 1.86% in the most recent quarter. The Hedge Fund company now holds 21,100 shares of CLGX which is valued at $849,908. Corelogic Inc makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio. Old Mutual Global Investors (uk) Ltd. sold out all of its stake in CLGX during the most recent quarter. The investment firm sold 4,153 shares of CLGX which is valued $169,235. Crestpoint Capital Management added CLGX to its portfolio by purchasing 5,400 company shares during the most recent quarter which is valued at $216,378. Corelogic Inc makes up approx 0.11% of Crestpoint Capital Management’s portfolio.

Corelogic Inc closed down -0.21 points or -0.54% at $38.86 with 4,21,486 shares getting traded on Monday. Post opening the session at $39.06, the shares hit an intraday low of $38.67 and an intraday high of $39.08 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Corelogic Inc reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.62. The company had revenue of $500.00 million for the quarter, compared to analysts expectations of $483.18 million. The company’s revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Many Wall Street Analysts have commented on Corelogic Inc. Company shares were Reiterated by Monness Crespi & Hardt on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $44 .Company shares were Downgraded by Robert W. Baird on Jul 27, 2016 to ” Neutral”, Firm has raised the Price Target to $ 41 from a previous price target of $40 .

CoreLogic Inc. is a property information analytics and data-enabled services provider operating in North America Western Europe and Asia Pacific. The Company provides detailed coverage of property mortgages and other encumbrances consumer credit tenancy location hazard risk and related performance information. It operates through two segments: Data & Analytics and Technology and Processing Solutions. The Data & Analytics segment owns or licenses data assets including loan information criminal and eviction records employment verification property sales and characteristic information property risk and replacement cost and information on mortgage-backed securities. The Technology and Processing Solutions segment provides property tax monitoring flood zone certification and monitoring credit services mortgage loan administration and production services lending solutions mortgage-related business process outsourcing technology solutions and compliance-related services

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