Envestnet Asset Management Inc. Invests $987,000 in Black Knight (BKI)

Envestnet Asset Management Inc. acquired a new stake in Black Knight (NYSE:BKI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 22,356 shares of the company’s stock, valued at approximately $987,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new position in shares of Black Knight during the fourth quarter worth about $83,681,000. LPL Financial LLC acquired a new stake in Black Knight during the fourth quarter worth approximately $1,412,000. HBK Investments L P acquired a new stake in Black Knight during the fourth quarter worth approximately $291,000. Aperio Group LLC acquired a new stake in Black Knight during the fourth quarter worth approximately $1,094,000. Finally, Lee Thomas H Partners LP acquired a new stake in Black Knight during the fourth quarter worth approximately $1,236,041,000. 85.44% of the stock is currently owned by institutional investors.

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NYSE BKI opened at $49.00 on Friday. Black Knight has a 1-year low of $37.42 and a 1-year high of $53.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $7,379.19, a PE ratio of 37.24, a P/E/G ratio of 1.92 and a beta of 0.86.

Black Knight (NYSE:BKI) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $268.40 million during the quarter, compared to analyst estimates of $270.08 million. Black Knight had a return on equity of 11.32% and a net margin of 17.14%. equities research analysts forecast that Black Knight will post 1.71 earnings per share for the current year.

Several brokerages recently issued reports on BKI. Barclays cut their target price on Black Knight from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Zacks Investment Research upgraded Black Knight from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Thursday, January 4th. Wedbush reiterated a “neutral” rating and set a $50.00 price target on shares of Black Knight in a report on Wednesday, January 31st. Bank of America lowered their target price on Black Knight from $57.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, William Blair restated an “outperform” rating on shares of Black Knight in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $51.00.

In other news, Director H. Lee Equity Fund Vi Thomas sold 7,000,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $48.63, for a total value of $340,410,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.00% of the company’s stock.

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Black Knight Company Profile

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.

Institutional Ownership by Quarter for Black Knight (NYSE:BKI)

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