Black Knight (NYSE:BKI) had its price objective lifted by equities research analysts at Barclays from $56.00 to $66.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 19.70% from the stock’s previous close.
A number of other brokerages also recently issued reports on BKI. Zacks Investment Research upgraded Black Knight from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Compass Point restated a “buy” rating and issued a $59.75 price target (up from $55.50) on shares of Black Knight in a research report on Tuesday, February 19th. Knight Equity reiterated a “buy” rating and issued a $55.00 target price on shares of Black Knight in a research note on Wednesday, February 13th. Finally, Deutsche Bank reduced their target price on Black Knight from $59.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, January 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $59.31.
BKI traded up $0.61 during trading on Thursday, reaching $55.14. The company had a trading volume of 613,108 shares, compared to its average volume of 535,386. The company has a market cap of $8.46 billion, a PE ratio of 33.83, a P/E/G ratio of 2.14 and a beta of 0.73. Black Knight has a 52 week low of $42.30 and a 52 week high of $56.73. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.72.
Black Knight (NYSE:BKI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The company had revenue of $283.20 million during the quarter, compared to the consensus estimate of $282.51 million. Black Knight had a return on equity of 14.17% and a net margin of 15.13%. Black Knight’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. As a group, research analysts anticipate that Black Knight will post 1.76 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Black Knight during the 4th quarter worth about $90,623,000. CWM LLC raised its stake in Black Knight by 18.3% during the 4th quarter. CWM LLC now owns 140,182 shares of the company’s stock valued at $6,317,000 after purchasing an additional 21,691 shares during the period. Vanguard Group Inc. raised its stake in Black Knight by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 12,169,406 shares of the company’s stock valued at $632,201,000 after purchasing an additional 171,244 shares during the period. Jane Street Group LLC acquired a new stake in Black Knight during the 3rd quarter valued at $690,000. Finally, Teachers Advisors LLC raised its stake in Black Knight by 2.6% during the 3rd quarter. Teachers Advisors LLC now owns 501,031 shares of the company’s stock valued at $26,029,000 after purchasing an additional 12,491 shares during the period. Institutional investors and hedge funds own 89.14% of the company’s stock.
About Black Knight
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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