Zacks Investment Research upgraded shares of Black Knight (NYSE:BKI) from a hold rating to a buy rating in a research note released on Tuesday morning. Zacks Investment Research currently has $54.00 target price on the stock.
According to Zacks, “Black Knight, Inc. engages in the provision of integrated technology, workflow automation and data and analytics to the mortgage and real estate industries, through its subsidiaries. It operates through the Technology and Data and Analytics business segments. Technology segment offers software and hosting solutions which support loan servicing, loan origination and settlement services. Data and Analytics segment provides property ownership data, lien data, servicing data, automated valuation models, collateral risk scores, prepayment and default models, lead generation and other data solutions. Black Knight Inc., formerly known as Black Knight Financial Services Inc., is headquartered in Jacksonville, FL. “
Several other equities analysts have also commented on the company. ValuEngine upgraded Black Knight from a hold rating to a buy rating in a research report on Thursday, March 1st. William Blair reiterated an outperform rating on shares of Black Knight in a research report on Wednesday, February 7th. Bank of America reduced their price objective on Black Knight from $57.00 to $54.00 and set a buy rating on the stock in a research report on Thursday, February 8th. Barclays reduced their price objective 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. Finally, Wedbush reiterated a neutral rating and set a $50.00 price objective on shares of Black Knight in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $51.11.
NYSE:BKI opened at $48.40 on Tuesday. Black Knight has a twelve month low of $37.42 and a twelve month high of $53.00. The stock has a market capitalization of $7,259.08, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 1.88 and a beta of 0.86. 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 released its quarterly earnings results on Wednesday, February 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Black Knight had a return on equity of 11.32% and a net margin of 17.14%. The firm had revenue of $268.40 million for the quarter, compared to analysts’ expectations of $270.08 million. research analysts expect that Black Knight will post 1.71 earnings per share for the current fiscal year.
In related 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 stock was sold at an average price of $48.63, for a total transaction of $340,410,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 30.78% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. bought a new position in Black Knight during the 4th quarter worth approximately $102,000. Duncker Streett & Co. Inc. bought a new position in Black Knight during the 4th quarter worth approximately $111,000. Hirtle Callaghan & Co LLC bought a new position in Black Knight during the 4th quarter worth approximately $115,000. First Bank & Trust bought a new position in Black Knight during the 4th quarter worth approximately $130,000. Finally, JFS Wealth Advisors LLC bought a new position in Black Knight during the 4th quarter worth approximately $131,000. Institutional investors and hedge funds own 85.54% of the company’s stock.
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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.
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