Black Knight (NYSE:BKI) PT Lowered to $64.00 at JPMorgan Chase & Co.

Black Knight (NYSE:BKI) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $69.00 to $64.00 in a report issued on Thursday, Stock Target Advisor reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 12.80% from the stock’s current price.

BKI has been the topic of a number of other research reports. Compass Point set a $63.00 target price on shares of Black Knight and gave the company a “buy” rating in a research report on Wednesday, August 7th. SunTrust Banks set a $66.00 target price on shares of Black Knight and gave the company a “buy” rating in a research report on Wednesday, August 7th. ValuEngine downgraded shares of Black Knight from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods set a $67.00 target price on shares of Black Knight and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research downgraded shares of Black Knight from a “buy” rating to a “hold” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $63.62.

BKI traded down $0.22 on Thursday, reaching $56.74. 737,118 shares of the company traded hands, compared to its average volume of 716,263. Black Knight has a one year low of $42.30 and a one year high of $64.80. The firm has a fifty day simple moving average of $61.67 and a two-hundred day simple moving average of $60.39. The company has a market cap of $8.49 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 2.50 and a beta of 0.69. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.85.

Black Knight (NYSE:BKI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. Black Knight had a net margin of 13.71% and a return on equity of 13.51%. The company had revenue of $299.10 million during the quarter, compared to analyst estimates of $299.16 million. During the same quarter last year, the business posted $0.48 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts forecast that Black Knight will post 1.66 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of BKI. Vanguard Group Inc. grew its position in shares of Black Knight by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 13,037,631 shares of the company’s stock worth $784,213,000 after buying an additional 319,737 shares during the last quarter. BlackRock Inc. grew its position in shares of Black Knight by 2.6% in the 2nd quarter. BlackRock Inc. now owns 6,500,304 shares of the company’s stock worth $390,995,000 after buying an additional 166,867 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Black Knight by 14.3% in the 2nd quarter. Wells Fargo & Company MN now owns 3,467,698 shares of the company’s stock worth $208,583,000 after buying an additional 433,259 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Black Knight by 8.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,018,493 shares of the company’s stock worth $181,562,000 after buying an additional 223,654 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Black Knight by 238.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,341,941 shares of the company’s stock worth $143,000,000 after buying an additional 1,650,391 shares during the last quarter. 88.17% of the stock is currently owned by institutional investors and hedge funds.

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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