Vanguard Group Inc. lessened its stake in Black Knight, Inc. (NYSE:BKI) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,866,909 shares of the company’s stock after selling 295,683 shares during the period. Vanguard Group Inc. owned about 8.85% of Black Knight worth $1,081,342,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of BKI. Marshall Wace LLP bought a new stake in shares of Black Knight in the first quarter worth $200,000. Principal Financial Group Inc. increased its stake in shares of Black Knight by 2.5% in the first quarter. Principal Financial Group Inc. now owns 9,320,932 shares of the company’s stock worth $689,656,000 after buying an additional 228,397 shares during the last quarter. Sei Investments Co. increased its stake in shares of Black Knight by 3.4% in the first quarter. Sei Investments Co. now owns 28,297 shares of the company’s stock worth $2,094,000 after buying an additional 941 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of Black Knight by 22.1% in the first quarter. Panagora Asset Management Inc. now owns 17,118 shares of the company’s stock worth $1,267,000 after buying an additional 3,098 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Black Knight by 10.2% in the first quarter. JPMorgan Chase & Co. now owns 463,746 shares of the company’s stock worth $34,314,000 after buying an additional 42,905 shares during the last quarter. Institutional investors and hedge funds own 91.19% of the company’s stock.
BKI has been the subject of a number of research reports. Zacks Investment Research raised shares of Black Knight from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Wednesday, October 6th. Raymond James raised shares of Black Knight from a “market perform” rating to an “outperform” rating and set a $83.00 price objective for the company in a report on Thursday, September 30th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $94.80.
Shares of BKI opened at $69.63 on Thursday. Black Knight, Inc. has a 1 year low of $68.60 and a 1 year high of $97.19. The company has a market cap of $10.91 billion, a price-to-earnings ratio of 34.06, a price-to-earnings-growth ratio of 3.77 and a beta of 0.72. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a fifty day moving average of $74.01 and a 200-day moving average of $75.07.
Black Knight (NYSE:BKI) last announced its quarterly earnings results on Thursday, August 5th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Black Knight had a net margin of 19.67% and a return on equity of 12.05%. The company had revenue of $361.30 million during the quarter, compared to the consensus estimate of $348.85 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. Analysts predict that Black Knight, Inc. will post 2.02 EPS for the current year.
Black Knight Profile
Black Knight, Inc engages in the provision of integrated software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics segments. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination, and settlement services.
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