Black Knight Inc (NYSE:BKI) Receives Average Rating of “Buy” from Brokerages

Shares of Black Knight Inc (NYSE:BKI) have received an average rating of “Buy” from the ten analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $60.97.

BKI has been the topic of a number of research analyst reports. Goldman Sachs Group restated a “buy” rating on shares of WPP in a research report on Monday, June 3rd. Deutsche Bank restated a “hold” rating and issued a GBX 1,775 ($23.19) target price on shares of in a research report on Wednesday, June 26th. Zacks Investment Research lowered shares of First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. Barclays raised their target price on shares of Black Knight from $56.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, Oppenheimer raised their target price on shares of Black Knight from $60.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, June 7th.

In other news, COO Anthony Orefice sold 23,529 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $54.13, for a total transaction of $1,273,624.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Joseph M. Nackashi sold 18,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $56.59, for a total transaction of $1,018,620.00. The disclosure for this sale can be found here. Insiders sold 301,529 shares of company stock worth $18,196,645 in the last 90 days. Company insiders own 4.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in BKI. Raymond James Financial Services Advisors Inc. increased its stake in Black Knight by 3.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,197 shares of the company’s stock worth $279,000 after acquiring an additional 224 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Black Knight by 19.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 16,799 shares of the company’s stock worth $730,000 after acquiring an additional 2,721 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Black Knight by 12.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,248 shares of the company’s stock worth $37,006,000 after acquiring an additional 90,354 shares during the last quarter. Legal & General Group Plc increased its stake in Black Knight by 14.9% in the 4th quarter. Legal & General Group Plc now owns 81,341 shares of the company’s stock worth $3,665,000 after acquiring an additional 10,532 shares during the last quarter. Finally, Amalgamated Bank increased its stake in Black Knight by 63.0% in the 4th quarter. Amalgamated Bank now owns 31,695 shares of the company’s stock worth $1,428,000 after acquiring an additional 12,245 shares during the last quarter. 87.00% of the stock is owned by hedge funds and other institutional investors.

NYSE BKI opened at $63.60 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 2.43 and a beta of 0.68. The stock’s 50 day moving average price is $61.35. Black Knight has a 1 year low of $42.30 and a 1 year high of $64.06.

Black Knight (NYSE:BKI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.05. The business had revenue of $283.20 million for the quarter, compared to analyst estimates of $282.51 million. Black Knight had a net margin of 14.65% and a return on equity of 13.64%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Equities research analysts predict that Black Knight will post 1.74 earnings per share for the current year.

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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Analyst Recommendations for Black Knight (NYSE:BKI)

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