Victory Capital Management Inc. lowered its stake in Black Knight Inc (NYSE:BKI) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,833,974 shares of the company’s stock after selling 407,228 shares during the quarter. Black Knight makes up 0.6% of Victory Capital Management Inc.’s investment portfolio, making the stock its 12th largest holding. Victory Capital Management Inc. owned about 3.23% of Black Knight worth $290,764,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Cerebellum GP LLC grew its position in Black Knight by 58.6% during the 1st quarter. Cerebellum GP LLC now owns 6,286 shares of the company’s stock worth $343,000 after purchasing an additional 2,323 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Black Knight by 4.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,286 shares of the company’s stock valued at $498,000 after acquiring an additional 372 shares in the last quarter. Natixis Advisors L.P. grew its stake in Black Knight by 13.2% during the 2nd quarter. Natixis Advisors L.P. now owns 211,553 shares of the company’s stock valued at $12,725,000 after acquiring an additional 24,677 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Black Knight by 4.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 757,211 shares of the company’s stock valued at $45,547,000 after acquiring an additional 28,805 shares in the last quarter. Finally, CWM LLC grew its stake in Black Knight by 22.9% during the 2nd quarter. CWM LLC now owns 204,940 shares of the company’s stock valued at $12,327,000 after acquiring an additional 38,210 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of BKI traded down $0.43 during trading hours on Friday, hitting $61.51. 597,174 shares of the company were exchanged, compared to its average volume of 713,342. The company has a market cap of $9.26 billion, a PE ratio of 37.74, a PEG ratio of 2.49 and a beta of 0.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 1.30. The firm’s 50 day moving average is $62.12 and its 200-day moving average is $58.42. Black Knight Inc has a 52 week low of $42.30 and a 52 week high of $64.48.
Black Knight (NYSE:BKI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.05. Black Knight had a net margin of 13.71% and a return on equity of 13.51%. The company had revenue of $294.90 million during the quarter, compared to analysts’ expectations of $296.52 million. During the same period in the prior year, the company earned $0.46 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts forecast that Black Knight Inc will post 1.66 earnings per share for the current fiscal year.
BKI has been the topic of a number of research analyst reports. Compass Point set a $63.00 price objective on shares of Black Knight and gave the company a “buy” rating in a research report on Wednesday, August 7th. Piper Jaffray Companies set a $69.00 target price on Black Knight and gave the company a “buy” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods set a $67.00 target price on Black Knight and gave the company a “buy” rating in a research note on Wednesday, August 7th. Deutsche Bank set a $64.00 target price on Black Knight and gave the company a “buy” rating in a research note on Wednesday, June 26th. Finally, Zacks Investment Research downgraded Black Knight from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $63.09.
Black Knight Profile
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.
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