Black Knight (BKI) Sets New 12-Month High at $48.43

Black Knight Inc (NYSE:BKI) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $48.43 and last traded at $46.80, with a volume of 489900 shares traded. The stock had previously closed at $46.95.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Black Knight from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Oppenheimer upgraded shares of Black Knight from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 4th. Knight Equity upgraded shares of Black Knight from a “market perform” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $52.00 in a research note on Tuesday, January 2nd. Bank of America began coverage on shares of Black Knight in a research note on Thursday, October 5th. They issued a “buy” rating and a $47.00 target price for the company. Finally, Deutsche Bank upgraded shares of Black Knight from a “hold” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $52.00 in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Black Knight currently has a consensus rating of “Buy” and an average price target of $49.00.

The company has a market capitalization of $7,490.00 and a P/E ratio of 50.63. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.90.

Hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC acquired a new stake in Black Knight in the 3rd quarter worth approximately $1,572,000. Elk Creek Partners LLC acquired a new stake in Black Knight during the 3rd quarter valued at approximately $4,080,000. Confluence Investment Management LLC lifted its stake in Black Knight by 142.7% during the 4th quarter. Confluence Investment Management LLC now owns 2,053,282 shares of the company’s stock valued at $90,652,000 after acquiring an additional 1,207,427 shares during the period. Marshwinds Advisory Co. acquired a new stake in Black Knight during the 4th quarter valued at approximately $243,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in Black Knight during the 3rd quarter valued at approximately $202,000. Institutional investors own 26.29% of the company’s stock.

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About Black Knight

Black Knight, Inc 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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