State Board of Administration of Florida Retirement System Has $9.95 Million Stock Position in Black Knight, Inc. (NYSE:BKI)

Posted by on May 10th, 2023

State Board of Administration of Florida Retirement System lowered its stake in Black Knight, Inc. (NYSE:BKI – Get Rating) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 161,079 shares of the company’s stock after selling 3,060 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.10% of Black Knight worth $9,947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Prudential PLC grew its holdings in Black Knight by 10.8% during the third quarter. Prudential PLC now owns 3,736 shares of the company’s stock worth $242,000 after purchasing an additional 364 shares during the period. BlackRock Inc. grew its holdings in Black Knight by 6.9% during the third quarter. BlackRock Inc. now owns 11,527,646 shares of the company’s stock worth $746,186,000 after purchasing an additional 740,142 shares during the period. Murchinson Ltd. bought a new position in Black Knight during the third quarter worth about $647,000. Bank of Montreal Can grew its holdings in Black Knight by 305.0% during the third quarter. Bank of Montreal Can now owns 266,198 shares of the company’s stock worth $18,135,000 after purchasing an additional 200,478 shares during the period. Finally, Korea Investment CORP grew its holdings in Black Knight by 14.3% during the third quarter. Korea Investment CORP now owns 58,203 shares of the company’s stock worth $3,767,000 after purchasing an additional 7,303 shares during the period. Institutional investors and hedge funds own 87.73% of the company’s stock.

Black Knight Trading Up 0.5 %

Shares of NYSE:BKI opened at $53.93 on Wednesday. Black Knight, Inc. has a 12-month low of $53.15 and a 12-month high of $72.74. The stock has a market cap of $8.41 billion, a PE ratio of 36.69, a P/E/G ratio of 3.60 and a beta of 0.49. The business has a 50 day moving average of $56.19 and a 200-day moving average of $59.18. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.87.

Black Knight (NYSE:BKI – Get Rating) last issued its quarterly earnings results on Tuesday, February 28th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). The company had revenue of $383.50 million during the quarter, compared to the consensus estimate of $389.65 million. Black Knight had a net margin of 14.85% and a return on equity of 11.95%. As a group, equities research analysts forecast that Black Knight, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BKI shares. Barclays reduced their price objective on Black Knight from $65.00 to $60.00 and set an “equal weight” rating for the company in a report on Thursday, March 2nd. Keefe, Bruyette & Woods reduced their price objective on Black Knight from $69.00 to $66.00 and set a “market perform” rating for the company in a report on Wednesday, March 1st.

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.

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

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