Black Knight (BKI) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Black Knight (NYSE:BKI) from a strong sell rating to a hold rating in a report published on Tuesday, Zacks.com reports.

According to Zacks, “Black Knight, Inc. engages in the provision of integrated technology, workflow automation and data and analytics to the mortgage and real estate industries, through its subsidiaries. It operates through the Technology and Data and Analytics business segments. Technology segment offers software and hosting solutions which support loan servicing, loan origination and settlement services. Data and Analytics segment provides property ownership data, lien data, servicing data, automated valuation models, collateral risk scores, prepayment and default models, lead generation and other data solutions. Black Knight Inc., formerly known as Black Knight Financial Services Inc., is headquartered in Jacksonville, FL. “

Other equities research analysts have also issued reports about the stock. Deutsche Bank lowered their price target on shares of Black Knight from $59.00 to $57.00 and set a buy rating for the company in a report on Monday, January 7th. Knight Equity reiterated a buy rating and set a $55.00 price target on shares of Black Knight in a report on Wednesday, February 13th. Finally, Compass Point reiterated a buy rating and set a $59.75 price target (up from $55.50) on shares of Black Knight in a report on Tuesday, February 19th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $58.19.

NYSE:BKI opened at $54.94 on Tuesday. Black Knight has a 52 week low of $42.30 and a 52 week high of $56.45. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $8.21 billion, a P/E ratio of 33.16, a PEG ratio of 1.76 and a beta of 0.73.

Black Knight (NYSE:BKI) last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.10. Black Knight had a net margin of 15.13% and a return on equity of 14.17%. The company had revenue of $285.40 million during the quarter, compared to analyst estimates of $285.14 million. During the same period in the prior year, the business posted $0.37 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts expect that Black Knight will post 1.76 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of BKI. Bank of New York Mellon Corp increased its position in Black Knight by 10.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,223,123 shares of the company’s stock valued at $63,542,000 after purchasing an additional 120,458 shares during the period. Credit Suisse AG increased its position in Black Knight by 1.4% during the 3rd quarter. Credit Suisse AG now owns 83,324 shares of the company’s stock valued at $4,328,000 after purchasing an additional 1,145 shares during the period. Dimensional Fund Advisors LP increased its position in Black Knight by 10.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 730,894 shares of the company’s stock valued at $37,971,000 after purchasing an additional 69,137 shares during the period. JPMorgan Chase & Co. increased its position in Black Knight by 26.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 130,353 shares of the company’s stock valued at $6,771,000 after purchasing an additional 27,204 shares during the period. Finally, Renaissance Technologies LLC increased its position in Black Knight by 8.8% during the 3rd quarter. Renaissance Technologies LLC now owns 315,378 shares of the company’s stock valued at $16,384,000 after purchasing an additional 25,489 shares during the period. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Black Knight Company Profile

Black Knight, Inc provides integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals in the United States. Its Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans that automates various areas of loan servicing; Bankruptcy / Foreclosure solutions for managing and automating a range of different workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors by automating billing and invoice process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.

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