Keefe, Bruyette & Woods Downgrades Black Knight (NYSE:BKI) to Market Perform

Black Knight (NYSE:BKIGet Rating) was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday, Briefing.com reports. They currently have a $80.00 price objective on the stock, down from their previous price objective of $83.00. Keefe, Bruyette & Woods’ price target points to a potential upside of 12.82% from the company’s current price.

Several other analysts also recently issued reports on BKI. Oppenheimer dropped their price target on Black Knight from $92.00 to $80.00 in a research note on Friday, April 8th. TheStreet cut Black Knight from a “b-” rating to a “c+” rating in a report on Wednesday, March 2nd. Wedbush raised their price objective on Black Knight from $70.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday. Raymond James cut Black Knight from an “outperform” rating to a “market perform” rating and set a $85.00 price objective for the company. in a report on Thursday. Finally, Zacks Investment Research upgraded Black Knight from a “sell” rating to a “hold” rating in a report on Friday, February 18th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of $81.17.

BKI opened at $70.91 on Monday. The business’s 50-day moving average price is $62.85 and its two-hundred day moving average price is $69.54. Black Knight has a 1 year low of $52.00 and a 1 year high of $84.27. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 2.46 and a beta of 0.68. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.33 and a quick ratio of 1.33.

Black Knight (NYSE:BKIGet Rating) last released its quarterly earnings results on Friday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. Black Knight had a return on equity of 14.78% and a net margin of 34.27%. The firm had revenue of $387.20 million for the quarter, compared to the consensus estimate of $380.31 million. During the same quarter last year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts anticipate that Black Knight will post 2.43 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers grew its holdings in Black Knight by 3.6% during the fourth quarter. Cetera Investment Advisers now owns 4,601 shares of the company’s stock worth $381,000 after purchasing an additional 162 shares during the period. Fifth Third Bancorp grew its holdings in Black Knight by 0.7% during the fourth quarter. Fifth Third Bancorp now owns 23,145 shares of the company’s stock worth $1,918,000 after purchasing an additional 163 shares during the period. Amalgamated Bank grew its holdings in Black Knight by 0.6% during the fourth quarter. Amalgamated Bank now owns 27,746 shares of the company’s stock worth $2,300,000 after purchasing an additional 168 shares during the period. Column Capital Advisors LLC boosted its holdings in shares of Black Knight by 11.7% during the first quarter. Column Capital Advisors LLC now owns 1,620 shares of the company’s stock worth $94,000 after acquiring an additional 170 shares during the period. Finally, Steph & Co. grew its position in shares of Black Knight by 5.6% in the fourth quarter. Steph & Co. now owns 3,233 shares of the company’s stock valued at $268,000 after purchasing an additional 171 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Black Knight Company Profile (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.

Featured Articles

Receive News & Ratings for Black Knight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Knight and related companies with MarketBeat.com's FREE daily email newsletter.