Black Knight Financial Services, Inc. (NYSE:BKFS) Downgraded to “Strong Sell” at Zacks Investment Research

Black Knight Financial Services, Inc. (NYSE:BKFS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday, July 24th.

According to Zacks, “Black Knight Financial Services, Inc. offers integrated technology, workflow automation and data and analytics to the mortgage industry through its subsidiaries. It operating segments consists of Technology and Data and Analytics. Technology segment offers software and hosting solutions. Data and Analytics segment offers solutions support its technology products in the mortgage, real estate and capital markets industries. Black Knight Financial Services, Inc. is based in Jackonsville, United States. “

Several other equities research analysts have also issued reports on BKFS. Bank of America Corporation raised their price target on shares of Black Knight Financial Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. BidaskClub upgraded shares of Black Knight Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. TheStreet upgraded shares of Black Knight Financial Services from a “c” rating to a “b-” rating in a research note on Friday, May 19th. Wells Fargo & Company restated an “outperform” rating and set a $47.00 price target (up previously from $43.50) on shares of Black Knight Financial Services in a research note on Friday, July 21st. Finally, Knight Equity restated a “hold” rating on shares of Black Knight Financial Services in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $46.00.

Black Knight Financial Services (BKFS) opened at 41.65 on Monday. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 73.46 and a beta of 0.75. The company’s 50-day moving average price is $41.83 and its 200-day moving average price is $39.66. Black Knight Financial Services has a 52-week low of $34.00 and a 52-week high of $43.70.

Black Knight Financial Services (NYSE:BKFS) last issued its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. Black Knight Financial Services had a net margin of 3.96% and a return on equity of 8.29%. The company had revenue of $263.40 million during the quarter, compared to analyst estimates of $265.24 million. During the same quarter last year, the business posted $0.29 EPS. Black Knight Financial Services’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts predict that Black Knight Financial Services will post $1.37 EPS for the current year.

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In other Black Knight Financial Services news, CEO Thomas J. Sanzone sold 30,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $38.67, for a total value of $1,160,100.00. Following the completion of the transaction, the chief executive officer now directly owns 871,990 shares of the company’s stock, valued at approximately $33,719,853.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 30.91% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bbva Compass Bancshares Inc. increased its position in shares of Black Knight Financial Services by 54.5% in the first quarter. Bbva Compass Bancshares Inc. now owns 15,207 shares of the technology company’s stock valued at $583,000 after buying an additional 5,364 shares during the last quarter. First Trust Advisors LP increased its position in shares of Black Knight Financial Services by 33.0% in the first quarter. First Trust Advisors LP now owns 137,101 shares of the technology company’s stock valued at $5,251,000 after buying an additional 34,016 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Black Knight Financial Services by 224.2% in the first quarter. Wells Fargo & Company MN now owns 61,457 shares of the technology company’s stock valued at $2,354,000 after buying an additional 42,502 shares during the last quarter. First Bank & Trust increased its position in shares of Black Knight Financial Services by 16.9% in the first quarter. First Bank & Trust now owns 2,726 shares of the technology company’s stock valued at $104,000 after buying an additional 394 shares during the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of Black Knight Financial Services by 7.5% in the first quarter. Confluence Investment Management LLC now owns 154,663 shares of the technology company’s stock valued at $5,924,000 after buying an additional 10,799 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Black Knight Financial Services Company Profile

Black Knight Financial Services, Inc is a holding company. The Company, through its subsidiaries, provides integrated technology, workflow automation, and data and analytics to the mortgage and real estate industries. The Company’s segments include Technology, and Data and Analytics. The Company’s Technology segment offers software and hosting solutions that support loan servicing, loan origination and settlement services.

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