Truist Financial Corp Sells 2,555 Shares of Black Knight, Inc. (NYSE:BKI)

Truist Financial Corp trimmed its holdings in Black Knight, Inc. (NYSE:BKIGet Rating) by 12.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,301 shares of the company’s stock after selling 2,555 shares during the quarter. Truist Financial Corp’s holdings in Black Knight were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Black Knight by 4.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 20,997,723 shares of the company’s stock valued at $1,373,041,000 after acquiring an additional 813,745 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Black Knight by 2.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,388,150 shares of the company’s stock valued at $679,282,000 after purchasing an additional 297,409 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Black Knight by 3.0% in the first quarter. Wellington Management Group LLP now owns 5,176,989 shares of the company’s stock valued at $300,214,000 after purchasing an additional 148,962 shares in the last quarter. Durable Capital Partners LP raised its stake in shares of Black Knight by 2.9% in the first quarter. Durable Capital Partners LP now owns 4,155,973 shares of the company’s stock valued at $241,005,000 after purchasing an additional 117,985 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Black Knight by 8.3% in the second quarter. FMR LLC now owns 3,399,342 shares of the company’s stock valued at $222,282,000 after purchasing an additional 259,590 shares in the last quarter. 87.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays restated an “equal weight” rating and issued a $65.00 target price on shares of Black Knight in a research note on Friday, December 2nd. Keefe, Bruyette & Woods increased their price objective on Black Knight from $66.00 to $69.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 14th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $75.83.

Black Knight Stock Performance

Black Knight stock opened at $58.28 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a fifty day moving average price of $60.52 and a two-hundred day moving average price of $63.10. Black Knight, Inc. has a 52-week low of $52.00 and a 52-week high of $79.78. The firm has a market capitalization of $9.09 billion, a P/E ratio of 18.27, a P/E/G ratio of 7.16 and a beta of 0.54.

Black Knight (NYSE:BKIGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). Black Knight had a net margin of 31.88% and a return on equity of 14.53%. The business had revenue of $386.70 million during the quarter, compared to analyst estimates of $408.65 million. As a group, analysts anticipate that Black Knight, Inc. will post 2.15 EPS for the current fiscal year.

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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