Bank of America Corp DE Boosts Stake in Black Knight, Inc. (NYSE:BKI)

Bank of America Corp DE increased its stake in shares of Black Knight, Inc. (NYSE:BKIGet Rating) by 5.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,317,167 shares of the company’s stock after purchasing an additional 126,843 shares during the period. Bank of America Corp DE owned approximately 1.49% of Black Knight worth $134,373,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Advisory Services Network LLC boosted its position in shares of Black Knight by 6.2% during the 1st quarter. Advisory Services Network LLC now owns 8,849 shares of the company’s stock worth $513,000 after purchasing an additional 520 shares during the period. Toroso Investments LLC boosted its position in Black Knight by 11.6% in the 1st quarter. Toroso Investments LLC now owns 5,055 shares of the company’s stock valued at $293,000 after buying an additional 526 shares during the period. BNP Paribas Arbitrage SA boosted its position in Black Knight by 7.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 88,270 shares of the company’s stock valued at $5,119,000 after buying an additional 6,457 shares during the period. Wealthfront Advisers LLC purchased a new position in Black Knight in the 1st quarter valued at approximately $303,000. Finally, Virtu Financial LLC purchased a new position in Black Knight in the 1st quarter valued at approximately $454,000. Hedge funds and other institutional investors own 90.84% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays decreased their price target on shares of Black Knight from $80.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, June 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $79.17.

Black Knight Price Performance

Shares of BKI opened at $67.00 on Friday. Black Knight, Inc. has a twelve month low of $52.00 and a twelve month high of $84.27. The firm’s fifty day simple moving average is $66.14 and its 200-day simple moving average is $65.57. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 2.73 and a beta of 0.62. 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.

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Institutional Ownership by Quarter for Black Knight (NYSE:BKI)

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