Black Knight Inc (BKI) Receives $58.97 Average Target Price from Analysts

Shares of Black Knight Inc (NYSE:BKI) have been given an average rating of “Buy” by the nine ratings firms that are currently covering the firm, reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $58.97.

A number of research firms recently issued reports on BKI. Knight Equity reissued a “buy” rating and set a $55.00 price objective on shares of Black Knight in a research report on Wednesday, February 13th. Compass Point restated a “buy” rating and set a $59.75 price target (up from $55.50) on shares of Black Knight in a research note on Tuesday, February 19th. Zacks Investment Research upgraded Black Knight from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Barclays lifted their price objective on Black Knight from $56.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd.

Shares of Black Knight stock traded down $0.68 during midday trading on Friday, hitting $55.71. The company’s stock had a trading volume of 13,999 shares, compared to its average volume of 552,642. The stock has a market cap of $8.43 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 2.17 and a beta of 0.73. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.89. Black Knight has a 1-year low of $42.30 and a 1-year high of $56.73.

Black Knight (NYSE:BKI) last issued its earnings results on Wednesday, May 1st. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.05. The business had revenue of $283.20 million during the quarter, compared to analysts’ expectations of $282.51 million. Black Knight had a return on equity of 13.64% and a net margin of 14.65%. Black Knight’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. Analysts expect that Black Knight will post 1.74 EPS for the current fiscal year.

In other Black Knight news, COO Anthony Orefice sold 23,529 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $54.13, for a total transaction of $1,273,624.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 14.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKI. JPMorgan Chase & Co. increased its position in shares of Black Knight by 26.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 130,353 shares of the company’s stock valued at $6,771,000 after buying an additional 27,204 shares in the last quarter. Teachers Advisors LLC boosted its stake in Black Knight by 2.6% in the 3rd quarter. Teachers Advisors LLC now owns 501,031 shares of the company’s stock worth $26,029,000 after purchasing an additional 12,491 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Black Knight by 5.4% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 983,957 shares of the company’s stock worth $51,117,000 after purchasing an additional 50,142 shares during the period. Nordea Investment Management AB boosted its stake in Black Knight by 160.5% in the 3rd quarter. Nordea Investment Management AB now owns 233,820 shares of the company’s stock worth $12,147,000 after purchasing an additional 144,049 shares during the period. Finally, Morgan Stanley boosted its stake in Black Knight by 84.7% in the 3rd quarter. Morgan Stanley now owns 294,385 shares of the company’s stock worth $15,293,000 after purchasing an additional 135,032 shares during the period. Institutional investors and hedge funds own 86.27% of the company’s stock.

About Black Knight

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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