Public Employees Retirement System of Ohio trimmed its stake in Black Knight Inc (NYSE:BKI) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,242 shares of the company’s stock after selling 3,830 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Black Knight were worth $7,419,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in Black Knight in the first quarter valued at $200,000. Public Employees Retirement Association of Colorado increased its stake in Black Knight by 45.7% during the first quarter. Public Employees Retirement Association of Colorado now owns 21,341 shares of the company’s stock worth $1,239,000 after acquiring an additional 6,690 shares during the last quarter. Aperio Group LLC increased its stake in Black Knight by 91.9% during the first quarter. Aperio Group LLC now owns 44,241 shares of the company’s stock worth $2,568,000 after acquiring an additional 21,187 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Black Knight by 12.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,177 shares of the company’s stock worth $2,391,000 after acquiring an additional 4,690 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Black Knight by 28.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 15,017 shares of the company’s stock worth $873,000 after acquiring an additional 3,363 shares during the last quarter. 89.67% of the stock is owned by institutional investors.
BKI has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on Black Knight from $85.00 to $100.00 in a research note on Tuesday, August 11th. Zacks Investment Research lowered Black Knight from a “buy” rating to a “hold” rating in a research note on Thursday, August 20th. Stephens upped their target price on Black Knight from $88.00 to $100.00 in a research report on Tuesday, August 11th. JPMorgan Chase & Co. upped their target price on Black Knight from $83.00 to $90.00 in a research report on Monday, August 17th. Finally, Oppenheimer upped their target price on Black Knight from $78.00 to $85.00 in a research report on Tuesday, August 25th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Black Knight currently has a consensus rating of “Hold” and a consensus target price of $83.30.
Shares of BKI opened at $86.70 on Wednesday. The company has a market capitalization of $13.44 billion, a P/E ratio of 46.69, a P/E/G ratio of 8.05 and a beta of 0.92. Black Knight Inc has a one year low of $50.01 and a one year high of $85.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a 50-day moving average price of $79.87 and a 200 day moving average price of $71.65.
Black Knight (NYSE:BKI) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The firm had revenue of $293.10 million during the quarter, compared to the consensus estimate of $290.38 million. Black Knight had a return on equity of 13.13% and a net margin of 11.78%. Black Knight’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share. As a group, equities research analysts forecast that Black Knight Inc will post 1.73 earnings per share for the current fiscal year.
About Black Knight
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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