UBS Asset Management Americas Inc. boosted its position in shares of Black Knight, Inc. (NYSE:BKI) by 73.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,360,384 shares of the company’s stock after purchasing an additional 577,567 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.87% of Black Knight worth $120,190,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bainco International Investors purchased a new position in Black Knight in the 4th quarter valued at about $34,000. HM Payson & Co. acquired a new position in shares of Black Knight in the third quarter worth about $38,000. International Assets Investment Management LLC acquired a new stake in Black Knight in the fourth quarter valued at $61,000. Federated Hermes Inc. bought a new position in Black Knight during the 3rd quarter valued at $83,000. Finally, Signaturefd LLC grew its holdings in Black Knight by 14.1% during the 4th quarter. Signaturefd LLC now owns 1,111 shares of the company’s stock worth $98,000 after acquiring an additional 137 shares in the last quarter. 89.70% of the stock is currently owned by hedge funds and other institutional investors.
NYSE BKI opened at $74.30 on Thursday. The stock has a market capitalization of $11.65 billion, a P/E ratio of 49.21, a P/E/G ratio of 4.60 and a beta of 0.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. The business’s fifty day moving average is $76.02 and its two-hundred day moving average is $85.52. Black Knight, Inc. has a 1 year low of $61.52 and a 1 year high of $97.19.
A number of research firms recently commented on BKI. Susquehanna Bancshares upgraded Black Knight to a “positive” rating and set a $100.00 price target for the company in a research note on Wednesday, February 17th. TheStreet downgraded shares of Black Knight from a “b” rating to a “c+” rating in a report on Wednesday, March 17th. Jefferies Financial Group started coverage on shares of Black Knight in a research report on Monday, December 14th. They issued a “buy” rating and a $110.00 price objective on the stock. Barclays upped their target price on shares of Black Knight from $103.00 to $105.00 in a research report on Tuesday, January 5th. Finally, Zacks Investment Research downgraded Black Knight from a “buy” rating to a “hold” rating in a research report on Wednesday, February 17th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $97.24.
Black Knight Company Profile
Black Knight, Inc provides integrated software, data, and analytics solutions in North America and Internationally. The Software Solutions segment offers software and hosting solutions comprising MSP, a software as a service application platform for mortgage and home equity loans; Bankruptcy/Foreclosure solutions for managing and automating a range of various workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors; Servicing Digital, a white-labeled mobile solution; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; Claims, an integrated solution which manages default-related claims process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.
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