Envestnet Asset Management Inc. lessened its stake in Black Knight, Inc. (NYSE:BKI – Free Report) by 3.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 359,424 shares of the company’s stock after selling 11,292 shares during the period. Envestnet Asset Management Inc. owned 0.23% of Black Knight worth $20,688,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Waratah Capital Advisors Ltd. acquired a new position in Black Knight in the 1st quarter valued at about $8,953,000. Commonwealth Equity Services LLC boosted its holdings in Black Knight by 34.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 7,945 shares of the company’s stock valued at $457,000 after purchasing an additional 2,026 shares in the last quarter. Citigroup Inc. boosted its holdings in Black Knight by 130.9% in the 1st quarter. Citigroup Inc. now owns 385,172 shares of the company’s stock valued at $22,171,000 after purchasing an additional 218,351 shares in the last quarter. Maso Capital Partners Ltd purchased a new stake in Black Knight in the 1st quarter valued at approximately $921,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in Black Knight by 10.2% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 42,465 shares of the company’s stock valued at $2,444,000 after purchasing an additional 3,928 shares in the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Truist Financial reaffirmed a “hold” rating and issued a $75.00 price objective (up previously from $60.00) on shares of Black Knight in a report on Tuesday, July 18th. Stephens lowered Black Knight from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $72.00 to $75.00 in a report on Monday, July 24th. Finally, William Blair reaffirmed a “market perform” rating on shares of Black Knight in a report on Thursday, July 27th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Black Knight currently has a consensus rating of “Hold” and a consensus target price of $69.00.
Black Knight Price Performance
Shares of NYSE:BKI opened at $75.76 on Friday. The business’s 50 day simple moving average is $68.63 and its 200-day simple moving average is $61.09. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 48.60, a price-to-earnings-growth ratio of 17.35 and a beta of 0.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.43 and a quick ratio of 1.43. Black Knight, Inc. has a 12 month low of $53.15 and a 12 month high of $75.99.
Black Knight (NYSE:BKI – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $368.20 million for the quarter, compared to analysts’ expectations of $376.17 million. Black Knight had a return on equity of 10.59% and a net margin of 16.09%. As a group, equities analysts forecast that Black Knight, Inc. will post 1.75 earnings per share for the current fiscal year.
Black Knight Company 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.
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