Black Knight, Inc. (NYSE:BKI) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Black Knight, Inc. (NYSE:BKIGet Rating) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $79.17.

Separately, Barclays lowered their price objective on shares of Black Knight from $80.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, June 23rd.

Institutional Investors Weigh In On Black Knight

Several hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC purchased a new position in shares of Black Knight during the 4th quarter worth about $29,000. Canada Pension Plan Investment Board lifted its holdings in shares of Black Knight by 212.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 538 shares of the company’s stock worth $31,000 after acquiring an additional 366 shares during the period. CWM LLC lifted its holdings in shares of Black Knight by 78.2% during the 2nd quarter. CWM LLC now owns 704 shares of the company’s stock worth $46,000 after acquiring an additional 309 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Black Knight during the 1st quarter worth about $60,000. Finally, Covestor Ltd purchased a new position in shares of Black Knight during the 4th quarter worth about $63,000. 90.84% of the stock is owned by institutional investors and hedge funds.

Black Knight Price Performance

Shares of NYSE BKI opened at $68.30 on Thursday. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.75 and a beta of 0.62. Black Knight has a 52 week low of $52.00 and a 52 week high of $84.27. The company’s 50-day moving average price is $65.75 and its 200 day moving average price is $65.22. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.09.

Black Knight Company Profile

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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.

Further Reading

Analyst Recommendations for Black Knight (NYSE:BKI)

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