Panagora Asset Management Inc. decreased its position in Black Knight Inc (NYSE:BKI) by 90.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,791 shares of the company’s stock after selling 276,600 shares during the period. Panagora Asset Management Inc.’s holdings in Black Knight were worth $1,444,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Black Knight in the 2nd quarter valued at $101,000. Cerebellum GP LLC bought a new stake in Black Knight in the 3rd quarter valued at $171,000. AMP Capital Investors Ltd bought a new stake in Black Knight in the 2nd quarter valued at $203,000. Quantitative Systematic Strategies LLC bought a new stake in Black Knight in the 2nd quarter valued at $220,000. Finally, Oakbrook Investments LLC bought a new stake in Black Knight in the 3rd quarter valued at $229,000. 86.27% of the stock is owned by institutional investors.
Shares of NYSE:BKI opened at $44.50 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78. Black Knight Inc has a one year low of $42.30 and a one year high of $56.45. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 1.84 and a beta of 0.80.
Black Knight (NYSE:BKI) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Black Knight had a net margin of 24.90% and a return on equity of 13.86%. The firm had revenue of $282.30 million for the quarter, compared to analysts’ expectations of $282.42 million. Black Knight’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities analysts forecast that Black Knight Inc will post 1.6 EPS for the current fiscal year.
In other Black Knight news, CEO Anthony M. Jabbour purchased 22,140 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were purchased at an average cost of $45.17 per share, with a total value of $1,000,063.80. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 14.40% of the company’s stock.
Several research firms recently commented on BKI. Zacks Investment Research cut shares of Black Knight from a “hold” rating to a “strong sell” rating in a research report on Friday, November 2nd. Susquehanna Bancshares began coverage on shares of Black Knight in a research report on Thursday, November 29th. They issued a “positive” rating and a $59.00 price objective on the stock. Knight Equity began coverage on shares of Black Knight in a research report on Thursday, November 29th. They issued a “positive” rating and a $44.94 price objective on the stock. Wedbush cut their price objective on shares of Black Knight from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 20th. Finally, Compass Point cut their price objective on shares of Black Knight from $58.00 to $55.50 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. Black Knight has a consensus rating of “Buy” and an average price target of $55.84.
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Black Knight Company Profile
Black Knight, Inc engages in the provision of software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination and settlement services. The Data and Analytics segment refers to the data and analytics solutions to the mortgage, real estate and capital markets verticals.
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