Shine Investment Advisory Services Inc. lowered its stake in shares of Black Knight Inc (NYSE:BKI) by 13.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,198 shares of the company’s stock after selling 190 shares during the quarter. Shine Investment Advisory Services Inc.’s holdings in Black Knight were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Private Capital Group LLC grew its position in shares of Black Knight by 357.7% during the fourth quarter. Private Capital Group LLC now owns 714 shares of the company’s stock worth $32,000 after buying an additional 558 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of Black Knight during the fourth quarter worth approximately $52,000. Bremer Trust National Association acquired a new stake in shares of Black Knight during the fourth quarter worth approximately $61,000. Loeb Partners Corp acquired a new stake in shares of Black Knight during the fourth quarter worth approximately $63,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Black Knight by 110.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,592 shares of the company’s stock worth $72,000 after purchasing an additional 836 shares during the last quarter. 89.32% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Black Knight from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Compass Point restated a “buy” rating and set a $59.75 price objective (up from $55.50) on shares of Black Knight in a research note on Tuesday, February 19th. Knight Equity restated a “buy” rating and set a $55.00 price objective on shares of Black Knight in a research note on Wednesday, February 13th. Finally, Deutsche Bank reduced their price objective on Black Knight from $59.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, January 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $58.19.
Shares of BKI opened at $54.94 on Wednesday. Black Knight Inc has a 12-month low of $42.30 and a 12-month high of $56.45. The firm has a market cap of $8.21 billion, a P/E ratio of 33.71, a PEG ratio of 1.76 and a beta of 0.73. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72.
Black Knight (NYSE:BKI) last announced its quarterly earnings data on Wednesday, February 13th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Black Knight had a return on equity of 14.17% and a net margin of 15.13%. The firm had revenue of $285.40 million for the quarter, compared to analysts’ expectations of $285.14 million. During the same period last year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, analysts predict that Black Knight Inc will post 1.76 EPS for the current fiscal year.
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About Black Knight
Black Knight, Inc provides integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals in the United States. Its Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans that automates various areas of loan servicing; Bankruptcy / Foreclosure solutions for managing and automating a range of different workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors by automating billing and invoice process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.
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