Black Knight Inc (NYSE:BKI) has been given a consensus rating of “Buy” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $61.09.
A number of equities analysts have recently commented on BKI shares. Deutsche Bank set a $64.00 price target on shares of Black Knight and gave the stock a “buy” rating in a report on Wednesday, June 26th. Zacks Investment Research lowered shares of Black Knight from a “hold” rating to a “sell” rating in a report on Monday, July 1st. Oppenheimer increased their price target on shares of Black Knight from $60.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Barclays increased their price target on shares of Black Knight from $56.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Finally, Goldman Sachs Group raised shares of Black Knight from a “neutral” rating to a “buy” rating and increased their price target for the stock from $58.00 to $68.00 in a report on Monday, June 3rd.
Black Knight stock traded up $1.58 during midday trading on Wednesday, reaching $60.43. 1,410,772 shares of the stock were exchanged, compared to its average volume of 736,010. The firm has a fifty day simple moving average of $61.62. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.89. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 2.39 and a beta of 0.69. Black Knight has a 52 week low of $42.30 and a 52 week high of $64.41.
Black Knight (NYSE:BKI) last posted its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.05. The business had revenue of $294.90 million for the quarter, compared to analyst estimates of $296.52 million. Black Knight had a net margin of 14.65% and a return on equity of 13.64%. Black Knight’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 EPS. As a group, analysts forecast that Black Knight will post 1.74 EPS for the current year.
In related news, insider William P. Foley II sold 250,000 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $61.21, for a total transaction of $15,302,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Joseph M. Nackashi sold 18,000 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $56.59, for a total transaction of $1,018,620.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 278,000 shares of company stock worth $16,923,020. 4.40% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of Black Knight by 4.8% during the 1st quarter. FMR LLC now owns 13,929,493 shares of the company’s stock valued at $759,157,000 after purchasing an additional 637,148 shares during the last quarter. Wells Fargo & Company MN boosted its position in Black Knight by 14.3% during the 2nd quarter. Wells Fargo & Company MN now owns 3,467,698 shares of the company’s stock valued at $208,583,000 after buying an additional 433,259 shares during the period. Norges Bank purchased a new stake in Black Knight during the 4th quarter valued at $90,623,000. Geode Capital Management LLC boosted its position in Black Knight by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 1,302,490 shares of the company’s stock valued at $58,690,000 after buying an additional 37,652 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in Black Knight by 6,611.5% during the 1st quarter. Neuberger Berman Group LLC now owns 1,297,933 shares of the company’s stock valued at $70,738,000 after buying an additional 1,278,594 shares during the period. 86.84% of the stock is currently owned by institutional investors.
Black Knight Company Profile
Black Knight, Inc provides integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals in the United States. Its Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans that automates various areas of loan servicing; Bankruptcy / Foreclosure solutions for managing and automating a range of different workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors by automating billing and invoice process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.
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