Gabelli Funds LLC cut its holdings in shares of Black Knight Inc (NYSE:BKI) by 9.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,000 shares of the company’s stock after selling 3,000 shares during the quarter. Gabelli Funds LLC’s holdings in Black Knight were worth $1,710,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in Black Knight by 78.5% during the 3rd quarter. Signaturefd LLC now owns 407 shares of the company’s stock worth $25,000 after buying an additional 179 shares in the last quarter. Aperio Group LLC increased its position in shares of Black Knight by 0.9% in the 2nd quarter. Aperio Group LLC now owns 20,789 shares of the company’s stock valued at $1,251,000 after purchasing an additional 195 shares during the last quarter. M&T Bank Corp increased its position in shares of Black Knight by 1.7% in the 2nd quarter. M&T Bank Corp now owns 13,835 shares of the company’s stock valued at $833,000 after purchasing an additional 226 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Black Knight by 2.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,907 shares of the company’s stock valued at $775,000 after purchasing an additional 325 shares during the last quarter. Finally, Strs Ohio increased its position in shares of Black Knight by 4.4% in the 2nd quarter. Strs Ohio now owns 8,580 shares of the company’s stock valued at $516,000 after purchasing an additional 359 shares during the last quarter. Institutional investors own 88.17% of the company’s stock.
Shares of NYSE BKI traded down $0.30 during mid-day trading on Friday, reaching $56.66. The company had a trading volume of 1,877,181 shares, compared to its average volume of 756,584. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.85. The firm has a 50 day simple moving average of $61.56 and a two-hundred day simple moving average of $60.40. The stock has a market cap of $8.49 billion, a P/E ratio of 34.76, a PEG ratio of 2.50 and a beta of 0.69. Black Knight Inc has a 52-week low of $42.30 and a 52-week high of $64.80.
Black Knight (NYSE:BKI) last posted its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. The firm had revenue of $299.10 million for the quarter, compared to the consensus estimate of $299.16 million. Black Knight had a net margin of 13.71% and a return on equity of 13.51%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. On average, equities analysts expect that Black Knight Inc will post 1.66 EPS for the current year.
BKI has been the topic of a number of recent analyst reports. Compass Point downgraded shares of Black Knight from a “buy” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research report on Friday. ValuEngine downgraded shares of Black Knight from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Black Knight from $69.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday. SunTrust Banks set a $66.00 price objective on shares of Black Knight and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods set a $67.00 price objective on shares of Black Knight and gave the company a “buy” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $63.46.
About Black Knight
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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