Raymond James & Associates Has $4.75 Million Stock Holdings in Black Knight, Inc. (NYSE:BKI)

Raymond James & Associates lowered its stake in shares of Black Knight, Inc. (NYSE:BKI – Get Rating) by 5.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 76,950 shares of the company’s stock after selling 4,344 shares during the period. Raymond James & Associates’ holdings in Black Knight were worth $4,752,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its stake in Black Knight by 212.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 538 shares of the company’s stock valued at $31,000 after purchasing an additional 366 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Black Knight by 65.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,542 shares of the company’s stock valued at $99,000 after acquiring an additional 610 shares during the period. MetLife Investment Management LLC bought a new stake in Black Knight during the 1st quarter valued at $176,000. PenderFund Capital Management Ltd. raised its holdings in Black Knight by 50.5% during the 3rd quarter. PenderFund Capital Management Ltd. now owns 3,280 shares of the company’s stock valued at $293,000 after acquiring an additional 1,100 shares during the period. Finally, Simplicity Solutions LLC bought a new stake in Black Knight during the 4th quarter valued at $214,000. Institutional investors and hedge funds own 87.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BKI. Keefe, Bruyette & Woods lowered their target price on shares of Black Knight from $69.00 to $66.00 and set a “market perform” rating on the stock in a report on Wednesday, March 1st. Barclays reduced their price target on shares of Black Knight from $65.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday, March 2nd.

Black Knight Stock Down 2.1 %

Shares of NYSE:BKI opened at $54.52 on Wednesday. Black Knight, Inc. has a 52-week low of $53.15 and a 52-week high of $71.32. The firm has a fifty day moving average of $55.49 and a 200 day moving average of $58.78. The firm has a market capitalization of $8.55 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 6.37 and a beta of 0.49. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.19 and a current ratio of 1.19.

Black Knight (NYSE:BKI – Get Rating) last announced its earnings results on Tuesday, February 28th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). Black Knight had a return on equity of 11.95% and a net margin of 14.85%. The company had revenue of $383.50 million during the quarter, compared to analysts’ expectations of $389.65 million. As a group, research analysts anticipate that Black Knight, Inc. will post 1.84 EPS for the current fiscal year.

Black Knight Company Profile

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Black Knight, Inc engages in the provision of software solutions. It operates through the Software Solutions, and Data and Analytics segments. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination, and settlement services. The Data and Analytics segment caters to the mortgage, real estate, and capital markets verticals.