Black Knight, Inc. (NYSE:BKI) Receives Average “Holding” Recommendation From Brokerages
Black Knight, Inc. (NYSE:BKI – Get Rating) received an average recommendation of “Hold” from the seven rating agencies that cover the company, reports MarketBeat Ratings. Five equity research analysts rated the stock with a hold recommendation. The 1-year average target price among brokers who updated their coverage on the stock in the past year is $80.20.
BKI has been the subject of several research reports. TheStreet downgraded Black Knight from a “b-” to a “c+” rating in a Wednesday, March 2 research note. Raymond James downgraded Black Knight from an “outperforming” rating to a “market performing” rating and set a target price of $85.00 for the company. in a research note on Thursday, May 5. Jefferies Financial Group downgraded Black Knight from a “buy” rating to a “hold” rating and lowered its price target for the stock from $100.00 to $71.00 in a Tuesday, February 8 research report . Wedbush raised its price target on Black Knight from $70.00 to $85.00 and gave the stock a “neutral” rating in a Thursday, May 5 research report. Finally, Zacks Investment Research upgraded Black Knight from a “sell” rating to a “hold” rating in a Friday, February 18 research report.
A number of institutional investors and hedge funds have recently changed their holdings in the company. Cetera Investment Advisers increased its holdings in Black Knight by 3.6% during the fourth quarter. Cetera Investment Advisers now owns 4,601 shares of the company worth $381,000 after buying 162 additional shares in the last quarter. Fifth Third Bancorp increased its holdings of Black Knight shares by 0.7% during the fourth quarter. Fifth Third Bancorp now owns 23,145 shares of the company valued at $1,918,000 after purchasing an additional 163 shares in the last quarter. Amalgamated Bank increased its holdings of Black Knight shares by 0.6% during the 4th quarter. Amalgamated Bank now owns 27,746 shares of the company valued at $2,300,000 after buying 168 more shares last quarter. Column Capital Advisors LLC increased its stake in Black Knight stock by 11.7% during the 1st quarter. Column Capital Advisors LLC now owns 1,620 shares of the company valued at $94,000 after buying an additional 170 shares in the last quarter. Finally, Steph & Co. increased its stake in Black Knight shares by 5.6% during the 4th quarter. Steph & Co. now owns 3,233 shares of the company valued at $268,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors hold 97.33% of the company’s shares.
Shares of Black Knight opened at $69.41 on Friday. The company has a debt ratio of 1.10, a current ratio of 0.84 and a quick ratio of 1.33. The stock has a fifty-day moving average price of $63.49 and a two-hundred-day moving average price of $69.52. Black Knight has a 52 week low of $52.00 and a 52 week high of $84.27. The company has a market capitalization of $10.78 billion, a P/E ratio of 20.84, a P/E/G ratio of 3.00 and a beta of 0.68.
Black Knight (NYSE:BKI – Get Rating) last released its quarterly earnings data on Friday, May 6. The company reported earnings per share (EPS) of $0.63 for the quarter, beating the consensus estimate of $0.60 by $0.03. Black Knight had a return on equity of 14.60% and a net margin of 34.27%. The company posted revenue of $387.20 million in the quarter, compared to analyst estimates of $380.31 million. In the same period a year earlier, the company posted earnings per share of $0.51. The company’s revenue for the quarter increased by 10.7% compared to the same quarter last year. On average, equity research analysts expect Black Knight to post an EPS of 2.43 for the current fiscal year.
Black Knight Company Profile (Get a rating)
Black Knight, Inc provides integrated software, data and analytics solutions in North America and internationally. The Software Solutions segment offers software and hosting solutions including MSP, a software-as-a-service application platform for mortgages, home equity loans and lines of credit; Servicing Digital, a web and mobile solution for consumers that provides easy access to personalized and timely information about their mortgages; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; and Empower, a loan origination system used by lenders to create mortgages, home equity loans and HELOCs.
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