Zacks Investment Research Lowers Black Knight (BKI) to Sell

Black Knight (NYSE:BKI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

According to Zacks, “Black Knight, Inc. engages in the provision of integrated technology, workflow automation and data and analytics to the mortgage and real estate industries, through its subsidiaries. It operates through the Technology and Data and Analytics business segments. Technology segment offers software and hosting solutions which support loan servicing, loan origination and settlement services. Data and Analytics segment provides property ownership data, lien data, servicing data, automated valuation models, collateral risk scores, prepayment and default models, lead generation and other data solutions. Black Knight Inc., formerly known as Black Knight Financial Services Inc., is headquartered in Jacksonville, FL. “

A number of other research firms also recently issued reports on BKI. Barclays upped their target price on shares of Black Knight from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Knight Equity upgraded shares of Black Knight from a “market perform” rating to a “buy” rating and upped their target price for the company from $42.00 to $52.00 in a research report on Tuesday, January 2nd. Deutsche Bank upgraded shares of Black Knight from a “hold” rating to a “buy” rating and upped their target price for the company from $42.00 to $52.00 in a research report on Tuesday, January 2nd. Compass Point started coverage on shares of Black Knight in a research report on Wednesday, January 3rd. They set a “buy” rating and a $52.00 target price on the stock. Finally, Oppenheimer upgraded shares of Black Knight from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $50.78.

Shares of Black Knight (NYSE:BKI) traded up $0.95 during midday trading on Monday, reaching $46.80. 989,736 shares of the company traded hands, compared to its average volume of 818,108. The firm has a market cap of $7,036.55, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.90. Black Knight has a 1-year low of $37.10 and a 1-year high of $53.00.

Institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC acquired a new position in Black Knight during the 4th quarter valued at about $936,000. Venturi Wealth Management LLC bought a new stake in shares of Black Knight in the 3rd quarter valued at about $1,572,000. USS Investment Management Ltd bought a new stake in shares of Black Knight in the 4th quarter valued at about $2,201,000. State of Alaska Department of Revenue bought a new stake in shares of Black Knight in the 4th quarter valued at about $353,000. Finally, Gateway Investment Advisers LLC bought a new stake in shares of Black Knight in the 4th quarter valued at about $1,690,000. Institutional investors own 30.94% of the company’s stock.

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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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