Black Knight (NYSE:BKI) was downgraded by stock analysts at KCG Holdings, Inc. Class A from a “positive” rating to a “neutral” rating in a research note issued on Thursday, Stock Target Advisor reports.
Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of Black Knight from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Susquehanna Bancshares cut shares of Black Knight from a “positive” rating to a “neutral” rating and set a $67.00 price objective for the company. in a report on Thursday. Compass Point cut shares of Black Knight from a “buy” rating to a “neutral” rating and set a $61.00 price objective for the company. in a report on Friday, November 8th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $66.00 price objective (up from $64.00) on shares of Black Knight in a report on Wednesday, December 18th. Finally, Zacks Investment Research raised shares of Black Knight from a “sell” rating to a “hold” rating in a report on Thursday, January 9th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $65.42.
NYSE:BKI opened at $65.46 on Thursday. Black Knight has a one year low of $47.43 and a one year high of $66.43. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.35 and a quick ratio of 1.35. The company’s 50-day simple moving average is $63.81 and its 200 day simple moving average is $62.20. The firm has a market capitalization of $9.84 billion, a P/E ratio of 40.16, a PEG ratio of 2.53 and a beta of 0.67.
Black Knight (NYSE:BKI) last issued its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. The business had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $299.16 million. Black Knight had a net margin of 13.02% and a return on equity of 13.43%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. On average, equities research analysts expect that Black Knight will post 1.66 earnings per share for the current fiscal year.
In related news, CEO Anthony M. Jabbour acquired 17,675 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of $57.85 per share, with a total value of $1,022,498.75. 4.40% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in BKI. Marshall Wace LLP bought a new stake in Black Knight during the first quarter valued at approximately $200,000. Renaissance Technologies LLC bought a new stake in Black Knight during the second quarter valued at approximately $6,808,000. Northern Trust Corp grew its position in Black Knight by 0.6% during the second quarter. Northern Trust Corp now owns 864,419 shares of the company’s stock valued at $51,995,000 after buying an additional 4,923 shares during the period. MML Investors Services LLC bought a new stake in Black Knight during the second quarter valued at approximately $229,000. Finally, HighTower Advisors LLC grew its position in Black Knight by 326.1% during the second quarter. HighTower Advisors LLC now owns 39,214 shares of the company’s stock valued at $2,361,000 after buying an additional 30,012 shares during the period. Institutional investors own 89.09% of the company’s stock.
Black Knight Company Profile
Black Knight, Inc provides integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals in the United States. Its Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans that automates various areas of loan servicing; Bankruptcy / Foreclosure solutions for managing and automating a range of different workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors by automating billing and invoice process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.
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