Black Knight (NYSE:BKI) Rating Lowered to Hold at Zacks Investment Research

Black Knight (NYSE:BKI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday, 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. “

A number of other equities research analysts have also issued reports on the stock. Piper Jaffray Companies set a $69.00 price target on shares of Black Knight and gave the stock a “buy” rating in a report on Wednesday, August 7th. Compass Point set a $63.00 price target on shares of Black Knight and gave the stock a “buy” rating in a report on Wednesday, August 7th. ValuEngine cut shares of Black Knight from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods set a $67.00 target price on shares of Black Knight and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, SunTrust Banks set a $66.00 target price on shares of Black Knight and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $63.46.

Black Knight stock traded down $0.30 during trading hours on Thursday, reaching $56.66. The stock had a trading volume of 1,877,181 shares, compared to its average volume of 756,584. The stock has a market cap of $8.49 billion, a PE ratio of 34.76, a PEG ratio of 2.50 and a beta of 0.69. Black Knight has a 52 week low of $42.30 and a 52 week high of $64.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 1.30. The company has a fifty day simple moving average of $61.56 and a 200-day simple moving average of $60.40.

Black Knight (NYSE:BKI) last announced its quarterly 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. The business had revenue of $299.10 million for the quarter, compared to analyst estimates of $299.16 million. Black Knight had a net margin of 13.71% and a return on equity of 13.51%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. Research analysts predict that Black Knight will post 1.66 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of BKI. Signaturefd LLC lifted its position in Black Knight by 78.5% during the 3rd quarter. Signaturefd LLC now owns 407 shares of the company’s stock valued at $25,000 after acquiring an additional 179 shares during the period. Aperio Group LLC lifted its position in Black Knight by 0.9% during the 2nd quarter. Aperio Group LLC now owns 20,789 shares of the company’s stock valued at $1,251,000 after acquiring an additional 195 shares during the period. M&T Bank Corp raised its holdings in Black Knight by 1.7% in the second quarter. M&T Bank Corp now owns 13,835 shares of the company’s stock worth $833,000 after buying an additional 226 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Black Knight by 2.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,907 shares of the company’s stock worth $775,000 after buying an additional 325 shares during the last quarter. Finally, Strs Ohio raised its holdings in Black Knight by 4.4% in the second quarter. Strs Ohio now owns 8,580 shares of the company’s stock worth $516,000 after buying an additional 359 shares during the last quarter. 88.17% of the stock is owned by hedge funds and other institutional investors.

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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