Black Knight (NYSE:BKI) had its target price hoisted by Wedbush from $50.00 to $57.00 in a note issued to investors on Monday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. Wedbush’s price objective points to a potential upside of 7.85% from the stock’s previous close.
Several other analysts have also issued reports on the stock. Zacks Investment Research downgraded shares of Black Knight from a “buy” rating to a “sell” rating in a report on Thursday, May 10th. Deutsche Bank upped their price objective on shares of Black Knight to $52.00 and gave the company a “buy” rating in a report on Tuesday, May 8th. Finally, ValuEngine upgraded shares of Black Knight from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $52.11.
Black Knight traded up $0.75, reaching $52.85, during trading on Monday, according to Marketbeat.com. The company had a trading volume of 15,575 shares, compared to its average volume of 747,404. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.27 and a current ratio of 1.27. Black Knight has a 12 month low of $38.38 and a 12 month high of $53.00. The firm has a market cap of $7.78 billion, a P/E ratio of 40.05, a PEG ratio of 2.06 and a beta of 0.86.
Black Knight (NYSE:BKI) last announced its quarterly earnings results on Monday, May 7th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. The firm had revenue of $271.20 million for the quarter, compared to analyst estimates of $267.88 million. Black Knight had a net margin of 19.83% and a return on equity of 12.81%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. sell-side analysts anticipate that Black Knight will post 1.67 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Lee Thomas H Partners LP bought a new position in shares of Black Knight in the fourth quarter worth about $1,236,041,000. Principal Financial Group Inc. increased its position in Black Knight by 42.9% during the 1st quarter. Principal Financial Group Inc. now owns 5,347,093 shares of the company’s stock valued at $251,847,000 after purchasing an additional 1,605,148 shares during the period. BlackRock Inc. increased its position in Black Knight by 8.0% during the 1st quarter. BlackRock Inc. now owns 4,775,044 shares of the company’s stock valued at $224,904,000 after purchasing an additional 353,706 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Black Knight during the 4th quarter valued at approximately $132,010,000. Finally, Veritas Asset Management LLP acquired a new stake in Black Knight during the 1st quarter valued at approximately $129,355,000. 84.73% of the stock is owned by hedge funds and other institutional investors.
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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