Shares of Black Knight Inc (NYSE:BKI) have been given an average rating of “Buy” by the twelve brokerages that are presently covering the company, 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 target price among analysts that have issued a report on the stock in the last year is $51.00.
Several research analysts recently commented on BKI shares. Wedbush restated a “neutral” rating and issued a $50.00 price target on shares of Black Knight in a report on Wednesday, January 31st. Zacks Investment Research lowered shares of Black Knight from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine upgraded shares of Black Knight from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Barclays cut their price target on shares of Black Knight from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Finally, Bank of America lowered their price objective on shares of Black Knight from $57.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, February 8th.
In other 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 30.78% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in BKI. Lee Thomas H Partners LP acquired a new position in Black Knight in the fourth quarter worth $1,236,041,000. Victory Capital Management Inc. bought a new stake in Black Knight in the fourth quarter valued at $303,601,000. BlackRock Inc. bought a new stake in Black Knight in the fourth quarter valued at $195,204,000. Goldman Sachs Group Inc. bought a new stake in Black Knight in the fourth quarter valued at $132,010,000. Finally, Wells Fargo & Company MN bought a new stake in Black Knight in the fourth quarter valued at $83,681,000. 85.24% of the stock is owned by hedge funds and other institutional investors.
Shares of BKI stock traded up $0.15 during mid-day trading on Friday, hitting $48.30. 236,280 shares of the stock traded hands, compared to its average volume of 880,839. The stock has a market cap of $7,326.64, a price-to-earnings ratio of 36.97, a P/E/G ratio of 1.91 and a beta of 0.86. Black Knight has a 1-year low of $37.20 and a 1-year high of $53.00. 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 (NYSE:BKI) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The business had revenue of $268.40 million for the quarter, compared to analyst estimates of $270.08 million. Black Knight had a net margin of 17.14% and a return on equity of 11.32%. equities analysts expect that Black Knight will post 1.71 earnings per share for the current year.
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Black Knight Company Profile
Black Knight, Inc provides integrated technology, workflow automation, and data and analytics to the mortgage and real estate industries. The Company’s segments include Technology, and Data and Analytics. The Company’s Technology segment offers software and hosting solutions that support loan servicing, loan origination and settlement services.
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