Black Knight (NYSE:BKI) PT Raised to $85.00

Black Knight (NYSE:BKIGet Rating) had its target price upped by Wedbush from $70.00 to $85.00 in a report released on Thursday morning, The Fly reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also recently weighed in on the stock. Jefferies Financial Group cut shares of Black Knight from a buy rating to a hold rating and reduced their price target for the company from $100.00 to $71.00 in a report on Tuesday, February 8th. Zacks Investment Research upgraded shares of Black Knight from a sell rating to a hold rating in a report on Friday, February 18th. Oppenheimer reduced their target price on shares of Black Knight from $92.00 to $80.00 in a report on Friday, April 8th. Finally, TheStreet cut shares of Black Knight from a b- rating to a c+ rating in a report on Wednesday, March 2nd. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $81.40.

Shares of NYSE:BKI opened at $70.58 on Thursday. The firm has a market cap of $10.96 billion, a PE ratio of 53.99, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. Black Knight has a twelve month low of $52.00 and a twelve month high of $84.27. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.33 and a current ratio of 1.33. The business has a fifty day moving average of $62.56 and a 200-day moving average of $69.58.

Black Knight (NYSE:BKIGet Rating) last announced its quarterly earnings results on Friday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $387.20 million during the quarter, compared to analysts’ expectations of $380.31 million. Black Knight had a return on equity of 14.03% and a net margin of 14.09%. Black Knight’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. On average, analysts anticipate that Black Knight will post 2.43 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in BKI. Marshall Wace LLP acquired a new stake in Black Knight in the first quarter valued at $200,000. Morgan Stanley lifted its stake in Black Knight by 53.5% in the second quarter. Morgan Stanley now owns 323,112 shares of the company’s stock valued at $25,197,000 after acquiring an additional 112,614 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Black Knight by 10.3% in the third quarter. Victory Capital Management Inc. now owns 82,667 shares of the company’s stock valued at $5,952,000 after purchasing an additional 7,709 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Black Knight by 5.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company’s stock valued at $276,000 after purchasing an additional 189 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Black Knight by 5.5% in the third quarter. Deutsche Bank AG now owns 292,514 shares of the company’s stock valued at $21,061,000 after purchasing an additional 15,149 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

About Black Knight (Get 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 comprising MSP, a software as a service application platform for mortgage, home equity loans, and lines of credit; Servicing Digital, a web and mobile solution for consumers that provides easy access to customized 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 originate mortgages, home equity loans, and HELOCs.

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