DnB Asset Management AS cut its holdings in Black Knight, Inc. (NYSE:BKI – Free Report) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,503 shares of the company’s stock after selling 194 shares during the period. DnB Asset Management AS’s holdings in Black Knight were worth $1,464,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in Black Knight in the first quarter valued at $26,000. Canada Pension Plan Investment Board raised its stake in Black Knight by 212.8% in the first quarter. Canada Pension Plan Investment Board now owns 538 shares of the company’s stock valued at $31,000 after buying an additional 366 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in Black Knight in the first quarter valued at $44,000. Tower Research Capital LLC TRC raised its stake in Black Knight by 1,100.0% in the first quarter. Tower Research Capital LLC TRC now owns 924 shares of the company’s stock valued at $53,000 after buying an additional 847 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Black Knight in the first quarter valued at $68,000. 87.64% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Stephens cut Black Knight from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $72.00 to $75.00 in a research report on Monday, July 24th. William Blair reissued a “market perform” rating on shares of Black Knight in a report on Thursday, July 27th. Finally, Truist Financial reissued a “hold” rating and issued a $75.00 target price (up from $60.00) on shares of Black Knight in a report on Tuesday, July 18th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.00.
Black Knight Price Performance
Black Knight stock opened at $75.76 on Wednesday. Black Knight, Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $75.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $11.88 billion, a P/E ratio of 48.56, a PEG ratio of 17.39 and a beta of 0.50. The stock has a 50-day simple moving average of $72.92 and a 200-day simple moving average of $62.31.
Black Knight (NYSE:BKI – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $368.20 million during the quarter, compared to analyst estimates of $376.17 million. Black Knight had a net margin of 16.09% and a return on equity of 10.59%. Equities research analysts expect that Black Knight, Inc. will post 1.75 earnings per share for the current year.
Black Knight Company Profile
Black Knight, Inc provides integrated software, data, and analytics solutions in North America and Internationally. The company operates in two segments, Software Solutions and Data and Analytics. The Software Solutions segment offers software and hosting solutions, including MSP, a software as a service application platform for mortgage, home equity loans, and lines of credit; Servicing Digital, a web and mobile solution for consumers that provides access to customized timely information about their mortgages; Loss Mitigation, an integrated solution that supports retention and liquidation workouts to streamline the loss mitigation process and reduce risk; and Empower, a loan origination system used by lenders to originate mortgages, home equity lines of credit, and supporting retail, consumer-direct, home equity, correspondent, wholesale and assumption channels on a single, and unified platforms.
See Also
- Five stocks we like better than Black Knight
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Hold-It-Forever AutoZone Pulls into Buy Zone
- ETF Screener: Uses and Step-by-Step Guide
- Virtual Riches: 3 Stocks Leading the VR Revolution
- Why Invest in High-Yield Dividend Stocks?
- 5 eCommerce Companies that need to be on Your Watch List
Receive News & Ratings for Black Knight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Knight and related companies with MarketBeat.com's FREE daily email newsletter.
