Shares of Black Knight (NYSE:BKI) have been assigned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $51.00.
A number of equities analysts have recently commented on the company. Wedbush reiterated a “neutral” rating and issued a $50.00 target price on shares of Black Knight in a report on Wednesday, January 31st. Zacks Investment Research cut Black Knight from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine upgraded Black Knight from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Barclays dropped their price objective on Black Knight from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Finally, Bank of America dropped their price objective on Black Knight from $57.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, February 8th.
In related news, Director H. Lee Equity Fund Vi Thomas sold 7,000,000 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $48.63, for a total transaction of $340,410,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 30.78% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN purchased a new stake in shares of Black Knight in the 4th quarter worth $83,681,000. LPL Financial LLC purchased a new stake in shares of Black Knight in the 4th quarter worth $1,412,000. HBK Investments L P purchased a new stake in shares of Black Knight in the 4th quarter worth $291,000. Aperio Group LLC purchased a new stake in shares of Black Knight in the 4th quarter worth $1,094,000. Finally, Lee Thomas H Partners LP purchased a new stake in shares of Black Knight in the 4th quarter worth $1,236,041,000. Institutional investors own 85.44% of the company’s stock.
Shares of Black Knight stock traded up $1.00 on Thursday, reaching $49.00. The company had a trading volume of 285,413 shares, compared to its average volume of 889,259. The stock has a market cap of $7,153.98, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.21 and a current ratio of 1.21. Black Knight has a 1 year low of $37.42 and a 1 year high of $53.00.
Black Knight (NYSE:BKI) last announced its earnings results on Wednesday, February 7th. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $268.40 million during the quarter, compared to analysts’ expectations of $270.08 million. Black Knight had a return on equity of 11.32% and a net margin of 17.14%. sell-side analysts predict that Black Knight will post 1.71 earnings per share for the current fiscal year.
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About Black Knight
Black Knight, Inc provides software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals primarily in the United States. It operates through two segments, Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions, including LoanSphere mortgage servicing platform, a software as a service application that automates loan servicing to the secondary mortgage market and investor reporting; and LoanSphere Bankruptcy and LoanSphere Foreclosure solutions, which are Web-based workflow information systems for managing and automating a range of workflow processes involving non-performing loans.
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