Oppenheimer Asset Management Inc. trimmed its stake in Black Knight Inc (NYSE:BKI) by 9.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,979 shares of the company’s stock after selling 1,859 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Black Knight were worth $909,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Black Knight in the second quarter valued at $101,000. Denali Advisors LLC purchased a new stake in shares of Black Knight in the second quarter valued at $193,000. Levin Capital Strategies L.P. purchased a new stake in shares of Black Knight in the second quarter valued at $209,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Black Knight in the second quarter valued at $220,000. Finally, Brown Advisory Inc. purchased a new stake in shares of Black Knight in the first quarter valued at $211,000. 87.22% of the stock is owned by institutional investors.
In other news, Director Richard N. Massey sold 6,230 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $52.51, for a total value of $327,137.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William P. Foley II sold 977,000 shares of the company’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $51.68, for a total value of $50,491,360.00. The disclosure for this sale can be found here. 14.40% of the stock is currently owned by insiders.
BKI stock opened at $54.40 on Friday. Black Knight Inc has a 12-month low of $41.10 and a 12-month high of $56.45. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 41.21, a PEG ratio of 2.24 and a beta of 0.79.
Black Knight (NYSE:BKI) last posted its quarterly earnings results on Monday, July 30th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. Black Knight had a return on equity of 13.52% and a net margin of 22.67%. The firm had revenue of $276.60 million during the quarter, compared to the consensus estimate of $278.21 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. research analysts anticipate that Black Knight Inc will post 1.61 earnings per share for the current year.
BKI has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Black Knight from a “buy” rating to a “sell” rating in a research report on Thursday, May 10th. Wedbush lifted their price objective on Black Knight from $50.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, June 18th. Piper Jaffray Companies lifted their price objective on Black Knight to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, June 19th. Knight Equity reaffirmed a “buy” rating and issued a $59.00 price objective on shares of Black Knight in a research report on Wednesday, July 11th. Finally, Wells Fargo & Co lifted their price objective on Black Knight from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.45.
Black Knight 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.
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