Brown Advisory Inc. raised its stake in Black Knight Inc (NYSE:BKI) by 496.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,617 shares of the company’s stock after buying an additional 37,972 shares during the period. Brown Advisory Inc.’s holdings in Black Knight were worth $2,370,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. FMR LLC increased its holdings in shares of Black Knight by 3.4% in the 3rd quarter. FMR LLC now owns 10,154,219 shares of the company’s stock worth $527,512,000 after buying an additional 329,311 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Black Knight by 1.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,918,685 shares of the company’s stock worth $359,425,000 after buying an additional 102,444 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Black Knight by 1.5% in the 3rd quarter. BlackRock Inc. now owns 6,006,928 shares of the company’s stock worth $312,059,000 after buying an additional 86,744 shares during the last quarter. Senator Investment Group LP bought a new position in shares of Black Knight in the 2nd quarter worth $199,581,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Black Knight by 10.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,223,123 shares of the company’s stock worth $63,542,000 after buying an additional 120,458 shares during the last quarter. 86.27% of the stock is currently owned by hedge funds and other institutional investors.
BKI stock opened at $45.30 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.36. Black Knight Inc has a 52 week low of $42.30 and a 52 week high of $56.45. The firm has a market cap of $6.73 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 1.86 and a beta of 0.80.
Black Knight (NYSE:BKI) last released its earnings results on Tuesday, October 30th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. Black Knight had a net margin of 24.90% and a return on equity of 13.86%. The company had revenue of $282.30 million for the quarter, compared to analyst estimates of $282.42 million. The business’s quarterly revenue was up 6.6% on a year-over-year basis. Research analysts expect that Black Knight Inc will post 1.6 earnings per share for the current year.
In other Black Knight news, CEO Anthony M. Jabbour bought 22,140 shares of Black Knight stock in a transaction that occurred on Tuesday, December 4th. The shares were bought at an average price of $45.17 per share, with a total value of $1,000,063.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 14.40% of the stock is currently owned by company insiders.
A number of equities analysts have recently commented on the stock. Susquehanna Bancshares assumed coverage on shares of Black Knight in a report on Thursday, November 29th. They issued a “positive” rating and a $59.00 price target on the stock. Knight Equity assumed coverage on shares of Black Knight in a report on Thursday, November 29th. They issued a “positive” rating and a $44.94 price target on the stock. Wedbush decreased their price target on shares of Black Knight from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, November 20th. Zacks Investment Research lowered shares of Black Knight from a “hold” rating to a “strong sell” rating in a report on Friday, November 2nd. Finally, Compass Point reduced their target price on shares of Black Knight from $58.00 to $55.50 and set a “buy” rating on the stock in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $55.84.
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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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