DF Dent & Co. Inc. lifted its holdings in Black Knight Inc (NYSE:BKI) by 47.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 591,421 shares of the company’s stock after buying an additional 189,857 shares during the quarter. DF Dent & Co. Inc.’s holdings in Black Knight were worth $30,724,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Black Knight in the second quarter worth $101,000. Cerebellum GP LLC acquired a new stake in shares of Black Knight in the third quarter worth $171,000. AMP Capital Investors Ltd acquired a new stake in shares of Black Knight in the second quarter worth $203,000. Point72 Hong Kong Ltd acquired a new stake in shares of Black Knight in the third quarter worth $210,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Black Knight in the second quarter worth $220,000. 86.27% of the stock is owned by institutional investors.
In other news, CEO Anthony M. Jabbour bought 22,140 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The stock was acquired at an average cost of $45.17 per share, for a total transaction of $1,000,063.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 14.40% of the stock is currently owned by corporate insiders.
Black Knight (NYSE:BKI) last announced its earnings results on Tuesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $282.30 million during 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%. Black Knight’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, research analysts predict that Black Knight Inc will post 1.6 EPS for the current year.
BKI has been the subject of several recent research reports. Compass Point dropped their price objective on shares of Black Knight from $58.00 to $55.50 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Zacks Investment Research lowered shares of Black Knight from a “hold” rating to a “sell” rating in a research report on Monday, October 1st. Wedbush dropped their price objective on shares of Black Knight from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, November 20th. Susquehanna Bancshares initiated coverage on shares of Black Knight in a research report on Thursday, November 29th. They issued a “positive” rating and a $59.00 price objective for the company. Finally, Knight Equity initiated coverage on shares of Black Knight in a research report on Thursday, November 29th. They issued a “positive” rating and a $44.94 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. Black Knight presently has a consensus rating of “Buy” and an average price target of $55.84.
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Black Knight Profile
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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