Black Knight, Inc. (NYSE:BKI) Given Average Recommendation of “Hold” by Brokerages

Black Knight, Inc. (NYSE:BKIGet Rating) has been given an average recommendation of “Hold” by the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $80.20.

BKI has been the subject of a number of research reports. TheStreet lowered Black Knight from a “b-” rating to a “c+” rating in a research note on Wednesday, March 2nd. Raymond James lowered Black Knight from an “outperform” rating to a “market perform” rating and set a $85.00 target price for the company. in a research note on Thursday, May 5th. Jefferies Financial Group lowered Black Knight from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $100.00 to $71.00 in a research report on Tuesday, February 8th. Wedbush lifted their price objective on Black Knight from $70.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 5th. Finally, Zacks Investment Research upgraded Black Knight from a “sell” rating to a “hold” rating in a research report on Friday, February 18th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers boosted 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 buying an additional 162 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Black Knight by 0.7% during the 4th quarter. Fifth Third Bancorp now owns 23,145 shares of the company’s stock valued at $1,918,000 after purchasing an additional 163 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Black Knight by 0.6% during the 4th quarter. Amalgamated Bank now owns 27,746 shares of the company’s stock valued at $2,300,000 after purchasing an additional 168 shares in the last quarter. Column Capital Advisors LLC lifted its holdings in shares of Black Knight by 11.7% during the 1st quarter. Column Capital Advisors LLC now owns 1,620 shares of the company’s stock valued at $94,000 after purchasing an additional 170 shares in the last quarter. Finally, Steph & Co. lifted its holdings in shares of Black Knight by 5.6% during the 4th quarter. Steph & Co. now owns 3,233 shares of the company’s stock valued at $268,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Black Knight stock opened at $69.41 on Friday. The company has a debt-to-equity 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 firm 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:BKIGet Rating) last released its quarterly earnings data on Friday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $387.20 million during the quarter, compared to analyst estimates of $380.31 million. During the same period in the prior year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities research analysts predict that Black Knight will post 2.43 EPS for the current fiscal year.

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.

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