Schwab Charles Investment Management Inc. bought a new stake in shares of Black Knight Inc (NYSE:BKI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 486,039 shares of the company’s stock, valued at approximately $21,459,000.
Several other institutional investors also recently added to or reduced their stakes in BKI. Confluence Investment Management LLC lifted its position in shares of Black Knight by 142.7% during the 4th quarter. Confluence Investment Management LLC now owns 2,053,282 shares of the company’s stock valued at $90,652,000 after acquiring an additional 1,207,427 shares during the period. Elk Creek Partners LLC acquired a new position in shares of Black Knight during the 3rd quarter valued at $4,080,000. USS Investment Management Ltd acquired a new position in shares of Black Knight during the 4th quarter valued at $2,201,000. CWM LLC acquired a new position in shares of Black Knight during the 4th quarter valued at $1,839,000. Finally, Gateway Investment Advisers LLC acquired a new position in shares of Black Knight during the 4th quarter valued at $1,690,000. Institutional investors own 44.81% of the company’s stock.
Black Knight Inc (BKI) opened at $47.70 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.88 and a current ratio of 1.88. Black Knight Inc has a 1-year low of $41.10 and a 1-year high of $53.00. The firm has a market cap of $7,223.21, a price-to-earnings ratio of 36.14, a price-to-earnings-growth ratio of 1.86 and a beta of 0.83.
A number of research analysts recently issued reports on the stock. Wedbush reiterated a “neutral” rating and set a $50.00 target price on shares of Black Knight in a research report on Wednesday, January 31st. Zacks Investment Research downgraded shares of Black Knight from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. 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 report on Thursday, February 8th. 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 report on Thursday, February 8th. Finally, William Blair restated an “outperform” rating on shares of Black Knight in a report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Black Knight has an average rating of “Buy” and a consensus target price of $51.00.
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Black Knight 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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