FIL Ltd trimmed its stake in Black Knight Inc (NYSE:BKI) by 46.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,000 shares of the company’s stock after selling 36,000 shares during the period. FIL Ltd’s holdings in Black Knight were worth $2,182,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Black Knight in the 2nd quarter worth about $101,000. Cerebellum GP LLC bought a new position in shares of Black Knight in the 3rd quarter worth about $171,000. AMP Capital Investors Ltd bought a new position in shares of Black Knight in the 2nd quarter worth about $203,000. Levin Capital Strategies L.P. bought a new position in shares of Black Knight in the 2nd quarter worth about $209,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Black Knight in the 2nd quarter worth about $220,000. 86.27% of the stock is owned by hedge funds and other institutional investors.
BKI has been the subject of several research reports. Zacks Investment Research lowered shares of Black Knight from a “hold” rating to a “sell” rating in a research note on Monday, October 1st. Compass Point decreased their price target on shares of Black Knight from $58.00 to $55.50 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Wedbush decreased their price target on shares of Black Knight from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, November 20th. Knight Equity initiated coverage on shares of Black Knight in a research note on Thursday. They issued a “positive” rating and a $44.94 price target for the company. Finally, Susquehanna Bancshares initiated coverage on shares of Black Knight in a research note on Thursday. They issued a “positive” rating and a $59.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. Black Knight currently has an average rating of “Buy” and an average target price of $55.84.
NYSE:BKI opened at $45.34 on Monday. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.36 and a quick ratio of 1.36. Black Knight Inc has a fifty-two week low of $42.30 and a fifty-two week high of $56.45.
Black Knight (NYSE:BKI) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $282.30 million during the quarter, compared to analyst estimates of $282.42 million. Black Knight had a net margin of 24.90% and a return on equity of 13.86%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Equities research analysts expect that Black Knight Inc will post 1.6 earnings per share for the current year.
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Black Knight Company Profile
Black Knight, Inc engages in the provision of software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination and settlement services. The Data and Analytics segment refers to the data and analytics solutions to the mortgage, real estate and capital markets verticals.
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