Eaton Vance Management Boosts Stake in Black Knight Inc (BKI)

Eaton Vance Management lifted its stake in shares of Black Knight Inc (NYSE:BKI) by 13.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 369,428 shares of the company’s stock after buying an additional 42,814 shares during the quarter. Eaton Vance Management owned about 0.25% of Black Knight worth $19,192,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BKI. GSA Capital Partners LLP increased its holdings in Black Knight by 40.5% in the 3rd quarter. GSA Capital Partners LLP now owns 21,349 shares of the company’s stock valued at $1,109,000 after buying an additional 6,149 shares during the period. Franklin Resources Inc. increased its holdings in Black Knight by 32.2% in the 3rd quarter. Franklin Resources Inc. now owns 403,908 shares of the company’s stock valued at $20,983,000 after buying an additional 98,278 shares during the period. Baird Financial Group Inc. bought a new position in Black Knight in the 3rd quarter valued at about $41,613,000. Banco Santander S.A. bought a new position in Black Knight in the 3rd quarter valued at about $804,000. Finally, Brown Advisory Inc. increased its holdings in Black Knight by 496.7% in the 3rd quarter. Brown Advisory Inc. now owns 45,617 shares of the company’s stock valued at $2,370,000 after buying an additional 37,972 shares during the period. Institutional investors own 86.27% of the company’s stock.

Several equities research analysts recently issued reports on BKI shares. Susquehanna Bancshares started coverage on shares of Black Knight in a report on Thursday, November 29th. They set a “positive” rating and a $59.00 price target on the stock. Compass Point decreased their price target on shares of Black Knight from $58.00 to $55.50 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Zacks Investment Research lowered shares of Black Knight from a “hold” rating to a “strong sell” rating in a report on Friday, November 2nd. Knight Equity started coverage on shares of Black Knight in a report on Thursday, November 29th. They set a “positive” rating and a $44.94 price target on the stock. Finally, Wedbush decreased their price target on shares of Black Knight from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $55.84.

NYSE:BKI opened at $45.55 on Tuesday. The company has a market cap of $6.77 billion, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. Black Knight Inc has a one year low of $42.30 and a one year high of $56.45. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.36.

Black Knight (NYSE:BKI) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The firm had revenue of $282.30 million for the quarter, compared to the consensus estimate of $282.42 million. Black Knight had a net margin of 24.90% and a return on equity of 13.86%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts expect that Black Knight Inc will post 1.6 earnings per share for the current fiscal year.

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About Black Knight

Black Knight, Inc engages in the provision of software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination and settlement services. The Data and Analytics segment refers to the data and analytics solutions to the mortgage, real estate and capital markets verticals.

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Institutional Ownership by Quarter for Black Knight (NYSE:BKI)

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