Millennium Management LLC lessened its stake in Black Knight Inc (NYSE:BKI) by 40.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 368,704 shares of the company’s stock after selling 252,941 shares during the quarter. Millennium Management LLC’s holdings in Black Knight were worth $17,366,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in BKI. Lee Thomas H Partners LP acquired a new position in shares of Black Knight in the fourth quarter valued at approximately $1,236,041,000. BlackRock Inc. acquired a new position in shares of Black Knight in the fourth quarter valued at approximately $195,204,000. Goldman Sachs Group Inc. acquired a new position in shares of Black Knight in the fourth quarter valued at approximately $132,010,000. Veritas Asset Management LLP acquired a new position in shares of Black Knight in the first quarter valued at approximately $129,355,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Black Knight by 42.9% in the first quarter. Principal Financial Group Inc. now owns 5,347,093 shares of the company’s stock valued at $251,847,000 after buying an additional 1,605,148 shares during the period. Institutional investors own 84.73% of the company’s stock.
Several research firms have recently weighed in on BKI. Piper Jaffray Companies upped their price target on shares of Black Knight to $65.00 and gave the company an “overweight” rating in a report on Tuesday, June 19th. Wedbush increased their target price on shares of Black Knight from $50.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, June 18th. Deutsche Bank increased their target price on shares of Black Knight to $52.00 and gave the stock a “buy” rating in a report on Tuesday, May 8th. Finally, Zacks Investment Research cut shares of Black Knight from a “buy” rating to a “hold” rating in a report on Friday, May 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $53.40.
Shares of Black Knight opened at $53.90 on Wednesday, according to Marketbeat. Black Knight Inc has a 12 month low of $40.10 and a 12 month high of $54.65. The firm has a market cap of $8.02 billion, a P/E ratio of 37.55, a price-to-earnings-growth ratio of 2.13 and a beta of 0.86. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.89.
Black Knight (NYSE:BKI) last announced its earnings results on Monday, May 7th. The company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. Black Knight had a net margin of 19.83% and a return on equity of 12.81%. The business had revenue of $271.20 million during the quarter, compared to analysts’ expectations of $267.88 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. equities research analysts predict that Black Knight Inc will post 1.67 EPS for the current year.
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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