Black Knight, Inc. (NYSE:BKI) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its stake in Black Knight, Inc. (NYSE:BKI – Get Rating) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,246 shares of the company’s stock after selling 196 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Black Knight were worth $210,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKI. Canada Pension Plan Investment Board raised its stake in shares of Black Knight by 212.8% during the first quarter. Canada Pension Plan Investment Board now owns 538 shares of the company’s stock worth $31,000 after purchasing an additional 366 shares during the last quarter. CWM LLC increased its stake in shares of Black Knight by 78.2% during the second quarter. CWM LLC now owns 704 shares of the company’s stock worth $46,000 after acquiring an additional 309 shares during the period. Ronald Blue Trust Inc. purchased a new position in Black Knight during the second quarter worth about $79,000. Lindbrook Capital LLC lifted its position in Black Knight by 2,198.2% in the second quarter. Lindbrook Capital LLC now owns 1,310 shares of the company’s stock valued at $86,000 after purchasing an additional 1,253 shares during the period. Finally, Hills Bank & Trust Co purchased a new stake in Black Knight in the 2nd quarter valued at approximately $109,000. 87.73% of the stock is owned by hedge funds and other institutional investors.

Black Knight Stock Down 2.4 %

Black Knight stock opened at $60.00 on Monday. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 7.16 and a beta of 0.54. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.15 and a current ratio of 1.15. Black Knight, Inc. has a fifty-two week low of $52.00 and a fifty-two week high of $79.78. The stock’s fifty day moving average is $60.31 and its two-hundred day moving average is $63.25.

Black Knight (NYSE:BKI – Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.13). The business had revenue of $386.70 million for the quarter, compared to analysts’ expectations of $408.65 million. Black Knight had a net margin of 31.88% and a return on equity of 14.53%. Analysts predict that Black Knight, Inc. will post 2.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BKI. Keefe, Bruyette & Woods raised their price target on Black Knight from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Wednesday, December 14th. Barclays reissued an “equal weight” rating and issued a $65.00 target price on shares of Black Knight in a report on Friday, December 2nd. Five analysts have rated the stock with a hold rating, According to MarketBeat, Black Knight currently has a consensus rating of “Hold” and an average target price of $75.83.

About Black Knight

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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.