Oppenheimer Asset Management Inc. Lowers Holdings in Black Knight, Inc. (NYSE:BKI)

Oppenheimer Asset Management Inc. cut its holdings in Black Knight, Inc. (NYSE:BKI) by 85.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,871 shares of the company’s stock after selling 28,124 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Black Knight were worth $280,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. bought a new stake in Black Knight in the 1st quarter worth approximately $26,000. Canada Pension Plan Investment Board increased its stake in Black Knight by 212.8% in 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 last quarter. Pinebridge Investments L.P. increased its stake in Black Knight by 121.7% in the 4th quarter. Pinebridge Investments L.P. now owns 694 shares of the company’s stock worth $43,000 after acquiring an additional 381 shares during the last quarter. Machina Capital S.A.S. bought a new stake in Black Knight in the 1st quarter worth approximately $44,000. Finally, Tower Research Capital LLC TRC increased its stake in Black Knight by 1,100.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 924 shares of the company’s stock worth $53,000 after acquiring an additional 847 shares during the last quarter. 87.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BKI. Stephens downgraded Black Knight from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $72.00 to $75.00 in a research report on Monday, July 24th. Truist Financial reissued a “hold” rating and set a $75.00 target price (up previously from $60.00) on shares of Black Knight in a research report on Tuesday, July 18th. Finally, William Blair reissued a “market perform” rating on shares of Black Knight in a research report on Thursday, July 27th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $69.00.

Black Knight Stock Performance

Shares of Black Knight stock opened at $75.70 on Wednesday. The stock’s fifty day moving average is $67.55 and its two-hundred day moving average is $60.81. The company has a market capitalization of $11.87 billion, a PE ratio of 48.53, a price-to-earnings-growth ratio of 17.16 and a beta of 0.51. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.86. Black Knight, Inc. has a 52 week low of $53.15 and a 52 week high of $75.99.

Black Knight (NYSE:BKI) last issued its earnings results on Thursday, August 3rd. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). Black Knight had a return on equity of 10.59% and a net margin of 16.09%. The firm had revenue of $368.20 million during the quarter, compared to analysts’ expectations of $376.17 million. As a group, analysts expect that Black Knight, Inc. will post 1.75 earnings per share for the current year.

Black Knight Profile

Black Knight, Inc provides integrated software, data, and analytics solutions in North America and Internationally. The company operates in two segments, Software Solutions and Data and Analytics. The Software Solutions segment offers software and hosting solutions, including 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 access to customized timely information about their mortgages; Loss Mitigation, an integrated solution that supports retention and liquidation workouts to streamline the loss mitigation process and reduce risk; and Empower, a loan origination system used by lenders to originate mortgages, home equity lines of credit, and supporting retail, consumer-direct, home equity, correspondent, wholesale and assumption channels on a single, and unified platforms.