Black Knight (NYSE:BKI) Lowered to Neutral at Compass Point

Black Knight (NYSE:BKI) was downgraded by Compass Point from a “buy” rating to a “neutral” rating in a report issued on Friday, The Fly reports. They presently have a $61.00 target price on the stock. Compass Point’s price target suggests a potential upside of 7.66% from the stock’s current price.

BKI has been the subject of several other research reports. Keefe, Bruyette & Woods set a $67.00 price target on Black Knight and gave the company a “buy” rating in a report on Wednesday, August 7th. ValuEngine cut Black Knight from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Piper Jaffray Companies set a $69.00 price target on Black Knight and gave the company a “buy” rating in a report on Wednesday, August 7th. Zacks Investment Research cut Black Knight from a “buy” rating to a “hold” rating in a report on Thursday. Finally, SunTrust Banks set a $66.00 price target on Black Knight and gave the company a “buy” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $63.46.

Black Knight stock traded down $0.30 during trading hours on Friday, hitting $56.66. The stock had a trading volume of 1,877,181 shares, compared to its average volume of 756,584. The company has a 50-day moving average of $61.56 and a two-hundred day moving average of $60.40. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. The company has a market cap of $8.49 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.69. Black Knight has a fifty-two week low of $42.30 and a fifty-two week high of $64.80.

Black Knight (NYSE:BKI) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The firm had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $299.16 million. Black Knight had a return on equity of 13.51% and a net margin of 13.71%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. As a group, analysts forecast that Black Knight will post 1.66 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. grew its stake in shares of Black Knight by 14.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 169,953 shares of the company’s stock valued at $10,223,000 after purchasing an additional 21,129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Black Knight by 4.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,286 shares of the company’s stock valued at $498,000 after purchasing an additional 372 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Black Knight by 4.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 757,211 shares of the company’s stock valued at $45,547,000 after purchasing an additional 28,805 shares during the period. Atria Investments LLC bought a new stake in shares of Black Knight in the 2nd quarter valued at approximately $1,875,000. Finally, Natixis Advisors L.P. grew its stake in shares of Black Knight by 13.2% in the 2nd quarter. Natixis Advisors L.P. now owns 211,553 shares of the company’s stock valued at $12,725,000 after purchasing an additional 24,677 shares during the period. Institutional investors own 88.17% of the company’s stock.

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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