Black Knight, Inc. (NYSE:BKI – Get Rating) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totalling 2,570,000 shares, a decline of 20.7% from the April 15th total of 3,240,000 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 1,840,000 shares, the days-to-cover ratio is currently 1.4 days.
Several equities analysts have weighed in on BKI shares. Keefe, Bruyette & Woods downgraded shares of Black Knight from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $83.00 to $80.00 in a report on Monday, May 9th. Wedbush upped their price target on Black Knight from $70.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 5th. Jefferies Financial Group cut shares of Black Knight from a “buy” rating to a “hold” rating and reduced their price objective for the company from $100.00 to $71.00 in a research report on Tuesday, February 8th. Zacks Investment Research upgraded shares of Black Knight from a “sell” rating to a “hold” rating in a research report on Friday, February 18th. Finally, Raymond James downgraded shares of Black Knight from an “outperform” rating to a “market perform” rating and set a $85.00 price target on the stock. in a report on Thursday, May 5th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $81.17.
A number of hedge funds have recently modified their holdings of the business. Cetera Investment Advisers grew its stake in Black Knight by 3.6% in the 4th quarter. Cetera Investment Advisers now owns 4,601 shares of the company’s stock worth $381,000 after acquiring an additional 162 shares in the last quarter. Fifth Third Bancorp lifted its stake in Black Knight by 0.7% in the fourth quarter. Fifth Third Bancorp now owns 23,145 shares of the company’s stock worth $1,918,000 after acquiring an additional 163 shares during the period. Amalgamated Bank lifted its stake in Black Knight by 0.6% in the fourth quarter. Amalgamated Bank now owns 27,746 shares of the company’s stock worth $2,300,000 after acquiring an additional 168 shares during the period. Column Capital Advisors LLC lifted its stake in Black Knight by 11.7% in 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. lifted its stake in Black Knight by 5.6% in the fourth quarter. Steph & Co. now owns 3,233 shares of the company’s stock worth $268,000 after acquiring an additional 171 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.
Black Knight (NYSE:BKI – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Black Knight had a net margin of 34.27% and a return on equity of 14.60%. The business had revenue of $387.20 million during the quarter, compared to analysts’ expectations of $380.31 million. During the same period last year, the company posted $0.51 EPS. The business’s revenue was up 10.7% on a year-over-year basis. On average, analysts expect that Black Knight will post 2.43 earnings per share for the current 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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