Black Knight Inc (NYSE:BKI) – Investment analysts at SunTrust Banks lifted their Q4 2018 earnings per share (EPS) estimates for shares of Black Knight in a report released on Monday. SunTrust Banks analyst A. Jeffrey now forecasts that the company will earn $0.47 per share for the quarter, up from their previous forecast of $0.46.
A number of other brokerages have also recently commented on BKI. Wedbush restated a “neutral” rating and set a $50.00 target price on shares of Black Knight in a report on Wednesday, January 31st. Zacks Investment Research cut Black Knight from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine upgraded Black Knight from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Barclays lowered their target price on Black Knight from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Finally, Bank of America lowered their target price on Black Knight from $57.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Black Knight has a consensus rating of “Buy” and a consensus price target of $51.00.
Black Knight (NYSE:BKI) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $268.40 million during the quarter, compared to analysts’ expectations of $270.08 million. Black Knight had a return on equity of 11.32% and a net margin of 17.14%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new position in shares of Black Knight in the 4th quarter valued at about $1,598,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Black Knight during the 4th quarter worth about $102,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Black Knight during the 4th quarter worth about $111,000. Hirtle Callaghan & Co LLC acquired a new stake in shares of Black Knight during the 4th quarter worth about $115,000. Finally, First Bank & Trust acquired a new stake in shares of Black Knight during the 4th quarter worth about $130,000. Institutional investors and hedge funds own 85.24% of the company’s stock.
In other news, Director H. Lee Equity Fund Vi Thomas sold 6,000,000 shares of Black Knight stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $46.41, for a total value of $278,460,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 30.78% of the company’s stock.
Black Knight Company Profile
Black Knight, Inc 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.
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