Murchinson Ltd. Purchases 40,324 Shares of Black Knight, Inc. (NYSE:BKI)

Murchinson Ltd. lifted its position in shares of Black Knight, Inc. (NYSE:BKI – Get Rating) by 403.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 50,324 shares of the company’s stock after purchasing an additional 40,324 shares during the quarter. Black Knight accounts for approximately 0.4% of Murchinson Ltd.’s investment portfolio, making the stock its 13th largest holding. Murchinson Ltd.’s holdings in Black Knight were worth $3,108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Flossbach Von Storch AG bought a new position in Black Knight during the fourth quarter worth about $239,752,000. Massachusetts Financial Services Co. MA lifted its position in shares of Black Knight by 11.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,579,380 shares of the company’s stock worth $749,533,000 after buying an additional 1,191,230 shares during the period. BlackRock Inc. boosted its stake in Black Knight by 6.9% in the 3rd quarter. BlackRock Inc. now owns 11,527,646 shares of the company’s stock valued at $746,186,000 after buying an additional 740,142 shares in the last quarter. Sand Grove Capital Management LLP grew its position in Black Knight by 72.4% in the third quarter. Sand Grove Capital Management LLP now owns 1,437,845 shares of the company’s stock valued at $93,072,000 after acquiring an additional 603,602 shares during the period. Finally, Marshall Wace LLP raised its stake in Black Knight by 82.3% during the third quarter. Marshall Wace LLP now owns 1,125,439 shares of the company’s stock worth $72,849,000 after acquiring an additional 508,079 shares in the last quarter. 87.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of Black Knight from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 2nd. Keefe, Bruyette & Woods cut their target price on shares of Black Knight from $69.00 to $66.00 and set a “market perform” rating for the company in a research note on Wednesday, March 1st.

Black Knight Price Performance

Shares of Black Knight stock traded up $1.18 during trading on Friday, reaching $56.29. The company’s stock had a trading volume of 187,341 shares, compared to its average volume of 1,163,021. The stock has a 50-day moving average price of $55.47 and a two-hundred day moving average price of $58.73. The stock has a market capitalization of $8.82 billion, a P/E ratio of 37.49, a price-to-earnings-growth ratio of 6.31 and a beta of 0.49. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.87. Black Knight, Inc. has a one year low of $53.15 and a one year high of $70.18.

Black Knight (NYSE:BKI – Get Rating) last announced its earnings results on Tuesday, February 28th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Black Knight had a return on equity of 11.95% and a net margin of 14.85%. The company had revenue of $383.50 million during the quarter, compared to the consensus estimate of $389.65 million. As a group, sell-side analysts anticipate that Black Knight, Inc. will post 1.84 EPS for the current fiscal year.

Black Knight Company Profile

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Black Knight, Inc engages in the provision of software solutions. It operates through the Software Solutions, and Data and Analytics segments. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination, and settlement services. The Data and Analytics segment caters to the mortgage, real estate, and capital markets verticals.