Earnest Partners LLC Lowers Holdings in Black Knight Financial Services Inc (BKFS)

Earnest Partners LLC lessened its position in shares of Black Knight Financial Services Inc (NYSE:BKFS) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 705,895 shares of the technology company’s stock after selling 24,575 shares during the period. Earnest Partners LLC owned approximately 0.46% of Black Knight Financial Services worth $30,389,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Wells Fargo & Company MN boosted its position in shares of Black Knight Financial Services by 2,146.1% in the second quarter. Wells Fargo & Company MN now owns 1,380,390 shares of the technology company’s stock worth $56,528,000 after buying an additional 1,318,933 shares during the period. Findlay Park Partners LLP purchased a new stake in shares of Black Knight Financial Services in the third quarter worth about $31,574,000. ShearLink Capital LLC purchased a new stake in shares of Black Knight Financial Services in the second quarter worth about $15,821,000. Vanguard Group Inc. boosted its position in shares of Black Knight Financial Services by 20.5% in the second quarter. Vanguard Group Inc. now owns 2,251,429 shares of the technology company’s stock worth $92,196,000 after buying an additional 382,259 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Black Knight Financial Services in the second quarter worth about $15,285,000. 44.68% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Black Knight Financial Services from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. William Blair assumed coverage on Black Knight Financial Services in a research report on Wednesday, September 13th. They issued an “outperform” rating for the company. Finally, BidaskClub downgraded Black Knight Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $46.50.

In related news, CEO Thomas J. Sanzone sold 30,000 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $44.19, for a total value of $1,325,700.00. Following the completion of the transaction, the chief executive officer now owns 871,990 shares of the company’s stock, valued at $38,533,238.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 30.78% of the company’s stock.

Black Knight Financial Services Inc (NYSE BKFS) opened at $43.05 on Monday. Black Knight Financial Services Inc has a 1-year low of $34.00 and a 1-year high of $45.25. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.78.

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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.

Institutional Ownership by Quarter for Black Knight Financial Services (NYSE:BKFS)

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