Black Knight (NYSE:BKI) was downgraded by Compass Point from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, The Fly reports. They currently have a $61.00 price target on the stock. Compass Point’s target price indicates a potential upside of 7.66% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. SunTrust Banks set a $66.00 target price on Black Knight and gave the stock a “buy” rating in a report on Wednesday, August 7th. ValuEngine downgraded Black Knight from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods set a $67.00 price target on Black Knight and gave the company a “buy” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price target on Black Knight from $69.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Zacks Investment Research downgraded Black Knight from a “buy” rating to a “hold” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Black Knight presently has an average rating of “Buy” and an average price target of $63.46.
Shares of NYSE BKI traded down $0.30 during mid-day trading on Friday, reaching $56.66. The company had a trading volume of 1,877,181 shares, compared to its average volume of 756,584. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.85. The stock has a market cap of $8.49 billion, a PE ratio of 34.76, a P/E/G ratio of 2.50 and a beta of 0.69. The company has a 50-day moving average price of $61.56 and a two-hundred day moving average price of $60.40. Black Knight has a 1-year low of $42.30 and a 1-year high of $64.80.
Black Knight (NYSE:BKI) last issued its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The business had revenue of $299.10 million for the quarter, compared to analysts’ expectations of $299.16 million. Black Knight had a return on equity of 13.51% and a net margin of 13.71%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. On average, research analysts expect that Black Knight will post 1.66 EPS for the current year.
Several hedge funds have recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Black Knight by 78.5% during the third quarter. Signaturefd LLC now owns 407 shares of the company’s stock valued at $25,000 after buying an additional 179 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Black Knight by 0.9% during the second quarter. Aperio Group LLC now owns 20,789 shares of the company’s stock valued at $1,251,000 after buying an additional 195 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Black Knight by 1.7% during the second quarter. M&T Bank Corp now owns 13,835 shares of the company’s stock valued at $833,000 after buying an additional 226 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Black Knight by 2.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,907 shares of the company’s stock valued at $775,000 after purchasing an additional 325 shares in the last quarter. Finally, Strs Ohio grew its stake in Black Knight by 4.4% in the second quarter. Strs Ohio now owns 8,580 shares of the company’s stock valued at $516,000 after purchasing an additional 359 shares in the last quarter. Institutional investors and hedge funds own 88.17% of the company’s stock.
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.
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