Shares of Black Knight Inc (NYSE:BKI) have been assigned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $60.97.
A number of equities research analysts have recently commented on BKI shares. Barclays raised their target price on Black Knight from $56.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Oppenheimer raised their target price on Black Knight from $60.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Deutsche Bank restated a “hold” rating and set a GBX 1,775 ($23.19) target price on shares of in a research report on Wednesday, June 26th. Goldman Sachs Group restated a “buy” rating on shares of WPP in a research report on Monday, June 3rd. Finally, Zacks Investment Research cut First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st.
In related news, COO Anthony Orefice sold 23,529 shares of Black Knight stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $54.13, for a total value of $1,273,624.77. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William P. Foley II sold 250,000 shares of Black Knight stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $61.21, for a total value of $15,302,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 301,529 shares of company stock worth $18,196,645. 4.40% of the stock is currently owned by insiders.
Shares of NYSE:BKI traded up $0.75 during trading on Friday, reaching $62.64. 498,301 shares of the company’s stock traded hands, compared to its average volume of 649,158. Black Knight has a fifty-two week low of $42.30 and a fifty-two week high of $62.71. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.89. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 2.38 and a beta of 0.68. The stock has a 50-day simple moving average of $59.78.
Black Knight (NYSE:BKI) last posted its earnings results on Wednesday, May 1st. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.05. Black Knight had a return on equity of 13.64% and a net margin of 14.65%. The firm had revenue of $283.20 million for the quarter, compared to analysts’ expectations of $282.51 million. During the same period last year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts predict that Black Knight will post 1.74 earnings per share for the current fiscal year.
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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