Black Knight (NYSE:BKI) had its price target lowered by Compass Point from $58.00 to $55.50 in a research note released on Wednesday, October 31st, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.
BKI has been the topic of a number of other research reports. Zacks Investment Research raised Black Knight from a hold rating to a buy rating and set a $62.00 price target on the stock in a research report on Saturday, July 14th. Barclays increased their price target on Black Knight from $54.00 to $56.00 and gave the stock an overweight rating in a research report on Tuesday, July 31st. Knight Equity reissued a buy rating and set a $59.00 price target on shares of Black Knight in a research report on Wednesday, July 11th. Finally, Wells Fargo & Co upped their price objective on Black Knight from $58.00 to $60.00 and gave the stock an outperform rating in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. Black Knight has a consensus rating of Buy and a consensus price target of $57.06.
Black Knight stock traded up $1.43 during mid-day trading on Wednesday, hitting $44.56. The company’s stock had a trading volume of 751,687 shares, compared to its average volume of 1,035,166. The company has a market capitalization of $6.44 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 1.78 and a beta of 0.83. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.78. Black Knight has a one year low of $42.30 and a one year high of $56.45.
Black Knight (NYSE:BKI) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. Black Knight had a return on equity of 13.86% and a net margin of 24.90%. The company had revenue of $282.30 million for the quarter, compared to the consensus estimate of $282.42 million. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, research analysts anticipate that Black Knight will post 1.6 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its stake in Black Knight by 3.4% in the third quarter. FMR LLC now owns 10,154,219 shares of the company’s stock valued at $527,512,000 after buying an additional 329,311 shares during the last quarter. Victory Capital Management Inc. raised its stake in Black Knight by 1.5% in the third quarter. Victory Capital Management Inc. now owns 6,918,685 shares of the company’s stock valued at $359,425,000 after buying an additional 102,444 shares during the last quarter. BlackRock Inc. raised its stake in Black Knight by 1.5% in the third quarter. BlackRock Inc. now owns 6,006,928 shares of the company’s stock valued at $312,059,000 after buying an additional 86,744 shares during the last quarter. Principal Financial Group Inc. raised its stake in Black Knight by 42.9% in the first quarter. Principal Financial Group Inc. now owns 5,347,093 shares of the company’s stock valued at $251,847,000 after buying an additional 1,605,148 shares during the last quarter. Finally, Senator Investment Group LP purchased a new stake in Black Knight in the second quarter valued at about $199,581,000. Institutional investors own 86.94% of the company’s stock.
Black Knight Company Profile
Black Knight, Inc engages in the provision of software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination and settlement services. The Data and Analytics segment refers to the data and analytics solutions to the mortgage, real estate and capital markets verticals.
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