Black Knight (NYSE:BKI) Given New $64.00 Price Target at JPMorgan Chase & Co.

Black Knight (NYSE:BKI) had its price objective trimmed by JPMorgan Chase & Co. from $69.00 to $64.00 in a research report report published on Thursday morning, Stock Target Advisor reports. The brokerage currently has an overweight rating on the stock.

BKI has been the subject of a number of other research reports. Compass Point set a $63.00 target price on Black Knight and gave the stock a buy rating in a report on Wednesday, August 7th. SunTrust Banks set a $66.00 price target on Black Knight and gave the company a buy rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods set a $67.00 price target on Black Knight and gave the company a buy rating in a research note on Wednesday, August 7th. Zacks Investment Research cut Black Knight from a buy rating to a hold rating in a research note on Thursday. Finally, ValuEngine cut Black Knight from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Black Knight presently has a consensus rating of Buy and a consensus price target of $63.46.

BKI traded down $0.30 on Thursday, reaching $56.66. The stock had a trading volume of 1,877,181 shares, compared to its average volume of 756,584. Black Knight has a fifty-two week low of $42.30 and a fifty-two week high of $64.80. The firm has a 50-day moving average of $61.56 and a 200-day moving average of $60.40. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.69.

Black Knight (NYSE:BKI) last issued its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Black Knight had a return on equity of 13.51% and a net margin of 13.71%. The business had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $299.16 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Sell-side analysts anticipate that Black Knight will post 1.66 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. BBVA USA Bancshares Inc. increased its stake in shares of Black Knight by 33.1% in the third quarter. BBVA USA Bancshares Inc. now owns 22,286 shares of the company’s stock valued at $1,361,000 after buying an additional 5,539 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Black Knight by 238.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,341,941 shares of the company’s stock valued at $143,000,000 after purchasing an additional 1,650,391 shares in the last quarter. GW&K Investment Management LLC boosted its position in shares of Black Knight by 10.1% during the 3rd quarter. GW&K Investment Management LLC now owns 254,475 shares of the company’s stock valued at $15,538,000 after purchasing an additional 23,249 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Black Knight by 95.9% during the 3rd quarter. SG Americas Securities LLC now owns 52,473 shares of the company’s stock valued at $3,204,000 after purchasing an additional 25,686 shares in the last quarter. Finally, Sompo Japan Nipponkoa Asset Management CO. LTD. boosted its position in shares of Black Knight by 66.4% during the 3rd quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 16,870 shares of the company’s stock valued at $1,030,000 after purchasing an additional 6,730 shares in the last quarter. 88.17% of the stock is owned by institutional investors.

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.

Featured Article: Are all No-Load Funds Equal?

Analyst Recommendations for Black Knight (NYSE:BKI)

Receive News & Ratings for Black Knight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Knight and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit