Black Knight Inc (NYSE:BKI) has been assigned a consensus rating of “Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $50.75.
BKI has been the topic of several recent research reports. Zacks Investment Research cut shares of Black Knight from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. ValuEngine upgraded shares of Black Knight from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Bank of America lowered their price objective on shares of Black Knight from $57.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. William Blair reiterated an “outperform” rating on shares of Black Knight in a research note on Wednesday, February 7th. Finally, Barclays lowered their price objective on shares of Black Knight from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th.
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Shares of Black Knight traded up $0.30, hitting $51.00, during trading on Friday, Marketbeat.com reports. The company’s stock had a trading volume of 5,053 shares, compared to its average volume of 1,316,824. Black Knight has a 12 month low of $37.85 and a 12 month high of $53.00. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $7.58 billion, a PE ratio of 38.41, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86.
Black Knight (NYSE:BKI) last issued its quarterly earnings data on Monday, May 7th. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. Black Knight had a net margin of 19.83% and a return on equity of 12.81%. The firm had revenue of $271.20 million for the quarter, compared to analysts’ expectations of $267.88 million. During the same quarter in the prior year, the business earned $0.30 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. analysts expect that Black Knight will post 1.67 earnings per share for the current fiscal year.
In other Black Knight news, Director H. Lee Equity Fund Vi Thomas sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were 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 SEC, which is accessible through this hyperlink. 14.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. bought a new stake in shares of Black Knight during the fourth quarter valued at approximately $1,598,000. JFS Wealth Advisors LLC bought a new stake in shares of Black Knight during the fourth quarter valued at approximately $131,000. Meeder Asset Management Inc. bought a new stake in shares of Black Knight during the fourth quarter valued at approximately $179,000. Acadian Asset Management LLC bought a new stake in shares of Black Knight during the fourth quarter valued at approximately $197,000. Finally, BB&T Securities LLC bought a new stake in shares of Black Knight during the first quarter valued at approximately $215,000. Institutional investors own 84.89% of the company’s stock.
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.