Black Knight Financial Services, Inc. (NYSE:BKFS) Rating Reiterated by Wells Fargo & Company

Black Knight Financial Services, Inc. (NYSE:BKFS)‘s stock had its “outperform” rating reissued by analysts at Wells Fargo & Company in a report issued on Friday, July 21st. They currently have a $47.00 price target on the technology company’s stock, up from their prior price target of $43.50. Wells Fargo & Company’s target price would suggest a potential upside of 14.49% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. TheStreet upgraded Black Knight Financial Services from a “c” rating to a “b-” rating in a research report on Friday, May 19th. Bank of America Corporation upped their target price on Black Knight Financial Services from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Zacks Investment Research upgraded Black Knight Financial Services from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Thursday, May 18th. BidaskClub upgraded Black Knight Financial Services from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, Knight Equity reiterated a “hold” rating on shares of Black Knight Financial Services in a research report on Wednesday, July 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $46.00.

Shares of Black Knight Financial Services (BKFS) traded down 0.24% during trading on Friday, hitting $41.05. 516,026 shares of the stock traded hands. The stock has a 50 day moving average of $41.00 and a 200 day moving average of $39.15. Black Knight Financial Services has a 52-week low of $34.00 and a 52-week high of $43.70. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 72.40 and a beta of 0.75.

Black Knight Financial Services (NYSE:BKFS) last issued its earnings results on Wednesday, July 19th. The technology company reported $0.33 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.33. The firm had revenue of $263.40 million for the quarter, compared to analyst estimates of $265.24 million. Black Knight Financial Services had a return on equity of 8.29% and a net margin of 3.96%. Black Knight Financial Services’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Analysts expect that Black Knight Financial Services will post $1.37 EPS for the current year.

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In other Black Knight Financial Services news, CEO Thomas J. Sanzone sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $39.17, for a total value of $1,175,100.00. Following the completion of the transaction, the chief executive officer now directly owns 871,990 shares of the company’s stock, valued at $34,155,848.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director H. Lee Equity Fund Vi Thomas sold 750,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $41.90, for a total value of $31,425,000.00. The disclosure for this sale can be found here. Insiders sold 870,000 shares of company stock valued at $36,167,700 over the last three months. 30.91% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Black Knight Financial Services by 1.1% in the second quarter. Victory Capital Management Inc. now owns 3,935,193 shares of the technology company’s stock valued at $161,146,000 after buying an additional 42,986 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Black Knight Financial Services by 2.9% in the first quarter. Vanguard Group Inc. now owns 1,869,170 shares of the technology company’s stock valued at $71,588,000 after buying an additional 52,750 shares during the last quarter. Earnest Partners LLC increased its position in shares of Black Knight Financial Services by 3.2% in the first quarter. Earnest Partners LLC now owns 755,444 shares of the technology company’s stock valued at $28,934,000 after buying an additional 23,159 shares during the last quarter. Columbia Wanger Asset Management LLC acquired a new position in shares of Black Knight Financial Services during the first quarter valued at $25,557,000. Finally, Bank of America Corp DE increased its position in shares of Black Knight Financial Services by 5.5% in the first quarter. Bank of America Corp DE now owns 666,192 shares of the technology company’s stock valued at $25,514,000 after buying an additional 34,688 shares during the last quarter.

About Black Knight Financial Services

Black Knight Financial Services, Inc is a holding company. The Company, through its subsidiaries, provides integrated technology, workflow automation, and data and analytics to the mortgage and real estate industries. The Company’s segments include Technology, and Data and Analytics. The Company’s Technology segment offers software and hosting solutions that support loan servicing, loan origination and settlement services.

Analyst Recommendations for Black Knight Financial Services (NYSE:BKFS)

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