Black Knight Inc (NYSE:BKI) – Equities research analysts at Wedbush boosted their Q2 2019 EPS estimates for shares of Black Knight in a research report issued to clients and investors on Wednesday, July 10th. Wedbush analyst H. Coffey now expects that the company will post earnings of $0.44 per share for the quarter, up from their prior estimate of $0.41.
Black Knight (NYSE:BKI) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.05. Black Knight had a net margin of 14.65% and a return on equity of 13.64%. The company had revenue of $283.20 million for the quarter, compared to analyst estimates of $282.51 million. During the same quarter last year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year.
A number of other research firms have also commented on BKI. Deutsche Bank reissued a “hold” rating and issued a GBX 1,775 ($23.19) price target on shares of in a research report on Wednesday, June 26th. Goldman Sachs Group reissued a “buy” rating on shares of WPP in a research report on Monday, June 3rd. Zacks Investment Research lowered shares of First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. Oppenheimer raised their price objective on shares of Black Knight from $60.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Finally, Barclays raised their price objective on shares of Black Knight from $56.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Black Knight presently has a consensus rating of “Buy” and a consensus target price of $61.08.
NYSE:BKI opened at $62.64 on Friday. Black Knight has a 12 month low of $42.30 and a 12 month high of $62.71. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 2.38 and a beta of 0.68. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.24 and a current ratio of 1.24. The company has a 50 day moving average price of $59.78.
A number of institutional investors and hedge funds have recently bought and sold shares of BKI. Prudential Financial Inc. boosted its stake in Black Knight by 12.4% during the fourth quarter. Prudential Financial Inc. now owns 7,268 shares of the company’s stock worth $327,000 after buying an additional 800 shares in the last quarter. BlackRock Inc. boosted its stake in Black Knight by 5.2% during the fourth quarter. BlackRock Inc. now owns 6,317,899 shares of the company’s stock worth $284,685,000 after buying an additional 310,971 shares in the last quarter. Raymond James & Associates boosted its stake in Black Knight by 2.6% during the fourth quarter. Raymond James & Associates now owns 53,080 shares of the company’s stock worth $2,392,000 after buying an additional 1,330 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Black Knight by 3.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,197 shares of the company’s stock worth $279,000 after buying an additional 224 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Black Knight by 0.4% during the fourth quarter. Northern Trust Corp now owns 851,455 shares of the company’s stock worth $38,368,000 after buying an additional 3,044 shares in the last quarter. Hedge funds and other institutional investors own 86.70% of the company’s stock.
In other news, Director Richard N. Massey sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $60.19, for a total value of $601,900.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Anthony Orefice sold 23,529 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $54.13, for a total transaction of $1,273,624.77. The disclosure for this sale can be found here. In the last 90 days, insiders sold 301,529 shares of company stock worth $18,196,645. 4.40% of the stock is currently owned by corporate insiders.
About Black Knight
Black Knight, Inc provides integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals in the United States. Its Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans that automates various areas of loan servicing; Bankruptcy / Foreclosure solutions for managing and automating a range of different workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors by automating billing and invoice process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.
Recommended Story: Net Asset Value
Receive News & Ratings for Black Knight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Knight and related companies with MarketBeat.com's FREE daily email newsletter.