Natixis Advisors L.P. Boosts Holdings in Black Knight, Inc. (NYSE:BKI)

Posted by on Apr 12th, 2023

Natixis Advisors L.P. lifted its stake in Black Knight, Inc. (NYSE:BKI – Get Rating) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,221 shares of the company’s stock after purchasing an additional 3,011 shares during the period. Natixis Advisors L.P. owned 0.16% of Black Knight worth $15,451,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its stake in shares of Black Knight by 7.6% in the 1st quarter. American Century Companies Inc. now owns 3,969 shares of the company’s stock worth $230,000 after acquiring an additional 282 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Black Knight by 7.5% in the 1st quarter. Bank of Montreal Can now owns 53,242 shares of the company’s stock worth $3,102,000 after acquiring an additional 3,701 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of Black Knight in the 1st quarter worth about $176,000. Dimensional Fund Advisors LP increased its stake in shares of Black Knight by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 712,479 shares of the company’s stock worth $41,318,000 after acquiring an additional 20,312 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Black Knight by 15.7% during the 1st quarter. Sei Investments Co. now owns 386,731 shares of the company’s stock valued at $22,417,000 after purchasing an additional 52,572 shares in the last quarter. 87.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BKI shares. Barclays reduced their price objective on shares of Black Knight from $65.00 to $60.00 and set an “equal weight” rating for the company in a research note on Thursday, March 2nd. Keefe, Bruyette & Woods reduced their price target 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 Trading Down 1.7 %

Shares of Black Knight stock opened at $56.79 on Wednesday. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 3.88 and a beta of 0.49. The business has a 50-day moving average price of $59.21 and a 200-day moving average price of $60.42. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02. Black Knight, Inc. has a twelve month low of $53.85 and a twelve month high of $79.78.

Black Knight (NYSE:BKI – Get Rating) last issued its quarterly earnings data 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). The firm had revenue of $383.50 million for the quarter, compared to analysts’ expectations of $389.65 million. Black Knight had a net margin of 29.16% and a return on equity of 12.70%. Equities research analysts anticipate that Black Knight, Inc. will post 1.97 EPS for the current fiscal year.

About Black Knight

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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.

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Institutional Ownership by Quarter for Black Knight (NYSE:BKI)

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