Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Black Knight (NYSE:BKI) by 25.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,749 shares of the company’s stock after acquiring an additional 1,594 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Black Knight were worth $365,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of BKI. Macquarie Group Ltd. acquired a new stake in Black Knight in the 4th quarter worth about $1,598,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Black Knight in the 4th quarter worth about $102,000. Duncker Streett & Co. Inc. acquired a new stake in Black Knight in the 4th quarter worth about $111,000. JFS Wealth Advisors LLC acquired a new stake in Black Knight in the 4th quarter worth about $131,000. Finally, Meeder Asset Management Inc. acquired a new stake in Black Knight in the 4th quarter worth about $179,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.
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BKI has been the topic of several research analyst reports. Zacks Investment Research upgraded Black Knight from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Tuesday, April 24th. ValuEngine upgraded Black Knight from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Bank of America lowered their price objective on Black Knight from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Deutsche Bank lifted their price objective on Black Knight to $52.00 and gave the stock a “buy” rating in a report on Tuesday, May 8th. Finally, Wedbush reiterated a “neutral” rating and issued a $50.00 price objective on shares of Black Knight in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Black Knight has an average rating of “Buy” and an average price target of $51.33.
In other news, Director H. Lee Equity Fund Vi Thomas sold 7,000,000 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $48.63, for a total transaction of $340,410,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 14.40% of the company’s stock.
Shares of Black Knight stock opened at $50.20 on Friday. The company has a market cap of $7.50 billion, a PE ratio of 35.10, a P/E/G ratio of 1.99 and a beta of 0.86. Black Knight has a 1-year low of $37.85 and a 1-year high of $53.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.27 and a current ratio of 1.27.
Black Knight (NYSE:BKI) last issued its earnings results on Monday, May 7th. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The business had revenue of $271.20 million for the quarter, compared to analysts’ expectations of $267.88 million. Black Knight had a return on equity of 12.81% and a net margin of 19.83%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. analysts expect that Black Knight will post 1.67 earnings per share for the current fiscal year.
Black Knight Profile
Black Knight, Inc provides software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals primarily in the United States. It operates through two segments, Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions, including LoanSphere mortgage servicing platform, a software as a service application that automates loan servicing to the secondary mortgage market and investor reporting; and LoanSphere Bankruptcy and LoanSphere Foreclosure solutions, which are Web-based workflow information systems for managing and automating a range of workflow processes involving non-performing loans.
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