Oakbrook Investments LLC purchased a new position in shares of Black Knight Inc (NYSE:BKI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,403 shares of the company’s stock, valued at approximately $229,000.
Several other hedge funds have also bought and sold shares of the business. Great West Life Assurance Co. Can raised its stake in shares of Black Knight by 11.8% during the second quarter. Great West Life Assurance Co. Can now owns 13,849 shares of the company’s stock worth $742,000 after acquiring an additional 1,460 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Black Knight by 10.0% during the second quarter. Xact Kapitalforvaltning AB now owns 17,632 shares of the company’s stock worth $944,000 after acquiring an additional 1,600 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Black Knight by 41.0% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 5,670 shares of the company’s stock worth $304,000 after acquiring an additional 1,650 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Black Knight during the second quarter worth approximately $101,000. Finally, Fenimore Asset Management Inc. raised its stake in shares of Black Knight by 0.4% during the second quarter. Fenimore Asset Management Inc. now owns 484,942 shares of the company’s stock worth $25,969,000 after acquiring an additional 2,085 shares in the last quarter. 86.98% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have commented on the stock. Knight Equity reissued a “buy” rating and set a $59.00 price target on shares of Black Knight in a research note on Wednesday, July 11th. Zacks Investment Research downgraded shares of Black Knight from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Barclays lifted their price target on shares of Black Knight from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 31st. Finally, Wells Fargo & Co lifted their price target on shares of Black Knight from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.44.
Shares of NYSE BKI opened at $43.43 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. Black Knight Inc has a 52 week low of $43.09 and a 52 week high of $56.45. The firm has a market capitalization of $6.90 billion, a P/E ratio of 30.60, a PEG ratio of 1.89 and a beta of 0.80.
Black Knight (NYSE:BKI) last issued its earnings results on Monday, July 30th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. Black Knight had a net margin of 22.67% and a return on equity of 13.52%. The company had revenue of $276.60 million for the quarter, compared to the consensus estimate of $278.21 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts anticipate that Black Knight Inc will post 1.61 earnings per share for the current fiscal year.
Black Knight Company Profile
Black Knight, Inc provides software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals primarily in the United States. It operates through two segments, Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions, including LoanSphere mortgage servicing platform, a software as a service application that automates loan servicing to the secondary mortgage market and investor reporting; and LoanSphere Bankruptcy and LoanSphere Foreclosure solutions, which are Web-based workflow information systems for managing and automating a range of workflow processes involving non-performing loans.
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