Stone Ridge Asset Management LLC acquired a new position in Black Knight (NYSE:BKI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,413 shares of the company’s stock, valued at approximately $1,210,000.
Other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN bought a new stake in shares of Black Knight in the fourth quarter worth $83,681,000. Aperio Group LLC acquired a new position in Black Knight during the fourth quarter worth $1,094,000. Commerce Bank acquired a new position in Black Knight during the fourth quarter worth $279,000. Venturi Wealth Management LLC acquired a new position in Black Knight during the third quarter worth $1,572,000. Finally, Nisa Investment Advisors LLC acquired a new position in Black Knight during the fourth quarter worth $936,000. 85.24% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on BKI shares. Compass Point started coverage on shares of Black Knight in a report on Wednesday, January 3rd. They set a “buy” rating and a $52.00 target price on the stock. Deutsche Bank upgraded shares of Black Knight from a “hold” rating to a “buy” rating and boosted their target price for the stock from $42.00 to $52.00 in a report on Tuesday, January 2nd. Knight Equity upgraded shares of Black Knight from a “market perform” rating to a “buy” rating and boosted their target price for the stock from $42.00 to $52.00 in a report on Tuesday, January 2nd. Oppenheimer upgraded shares of Black Knight from a “market perform” rating to an “outperform” rating in a report on Thursday, January 4th. Finally, Zacks Investment Research downgraded shares of Black Knight from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Black Knight presently has a consensus rating of “Buy” and an average target price of $51.00.
BKI traded down $1.05 on Friday, hitting $47.70. 1,026,815 shares of the stock were exchanged, compared to its average volume of 1,012,473. Black Knight has a 12 month low of $37.42 and a 12 month high of $53.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $7,161.49, a price-to-earnings ratio of 36.14, a P/E/G ratio of 1.86 and a beta of 0.86.
Black Knight (NYSE:BKI) last posted 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. Black Knight had a net margin of 17.14% and a return on equity of 11.32%. The business had revenue of $268.40 million during the quarter, compared to analysts’ expectations of $270.08 million. sell-side analysts anticipate that Black Knight will post 1.71 EPS for the current fiscal year.
In related news, Director H. Lee Equity Fund Vi Thomas sold 7,000,000 shares of the company’s stock in a transaction dated 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 legal filing 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.
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