M&T Bank Corp cut its holdings in shares of Black Knight, Inc. (NYSE:BKI) by 19.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,256 shares of the company’s stock after selling 4,310 shares during the period. M&T Bank Corp’s holdings in Black Knight were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of BKI. Cigna Investments Inc. New boosted its position in shares of Black Knight by 21.4% during the 2nd quarter. Cigna Investments Inc. New now owns 12,275 shares of the company’s stock worth $891,000 after purchasing an additional 2,160 shares in the last quarter. Vident Investment Advisory LLC bought a new position in Black Knight in the 2nd quarter valued at about $519,000. Assenagon Asset Management S.A. lifted its position in Black Knight by 724.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 249,542 shares of the company’s stock valued at $18,107,000 after acquiring an additional 219,286 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in Black Knight by 4.3% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 15,672 shares of the company’s stock valued at $1,137,000 after acquiring an additional 640 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Black Knight by 94.5% in the 2nd quarter. First Trust Advisors LP now owns 542,839 shares of the company’s stock valued at $39,388,000 after acquiring an additional 263,780 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.
Shares of NYSE:BKI opened at $94.04 on Thursday. The firm has a fifty day moving average price of $91.63 and a two-hundred day moving average price of $80.24. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. Black Knight, Inc. has a one year low of $50.01 and a one year high of $97.19. The company has a market cap of $14.92 billion, a price-to-earnings ratio of 51.92, a PEG ratio of 6.04 and a beta of 0.87.
Black Knight (NYSE:BKI) last announced its quarterly earnings results on Saturday, November 14th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Black Knight had a net margin of 19.21% and a return on equity of 12.45%. The firm had revenue of $312.60 million during the quarter, compared to the consensus estimate of $304.71 million. During the same period last year, the firm earned $0.51 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts expect that Black Knight, Inc. will post 1.79 EPS for the current fiscal year.
In other Black Knight news, General Counsel Michael L. Gravelle sold 800 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $85.52, for a total value of $68,416.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 112,200 shares of company stock valued at $9,490,596. Insiders own 4.00% of the company’s stock.
Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Black Knight from $83.00 to $90.00 in a research report on Monday, August 17th. Compass Point raised shares of Black Knight from a “neutral” rating to a “buy” rating and raised their price target for the company from $85.00 to $100.00 in a research report on Tuesday, November 10th. Wells Fargo & Company raised their price target on shares of Black Knight from $85.00 to $100.00 in a research report on Tuesday, August 11th. Stephens increased their price objective on shares of Black Knight from $88.00 to $100.00 in a research note on Tuesday, August 11th. Finally, Knight Equity began coverage on shares of Black Knight in a research note on Tuesday, September 29th. They issued a “buy” rating and a $97.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Black Knight has an average rating of “Buy” and a consensus target price of $92.71.
About Black Knight
Black Knight, Inc provides integrated software, data, and analytics solutions in the United States. The Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans; 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; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; Claims, an integrated solution which manages default-related claims process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.
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