Phoenix Holdings Ltd. acquired a new position in shares of Black Knight, Inc. (NYSE:BKI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,598 shares of the company’s stock, valued at approximately $213,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc raised its stake in Black Knight by 81.2% during the 2nd quarter. IFP Advisors Inc now owns 346 shares of the company’s stock valued at $25,000 after purchasing an additional 155 shares during the last quarter. CWM LLC raised its stake in Black Knight by 388.0% during the 3rd quarter. CWM LLC now owns 854 shares of the company’s stock valued at $74,000 after purchasing an additional 679 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Black Knight by 18.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,038 shares of the company’s stock valued at $75,000 after purchasing an additional 164 shares during the last quarter. Signaturefd LLC raised its stake in Black Knight by 47.8% during the 3rd quarter. Signaturefd LLC now owns 974 shares of the company’s stock valued at $85,000 after purchasing an additional 315 shares during the last quarter. Finally, Exane Derivatives acquired a new position in Black Knight during the 3rd quarter valued at $86,000. 85.27% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. Stephens upped their target price on shares of Black Knight from $88.00 to $100.00 in a research note on Tuesday, August 11th. Knight Equity assumed coverage on shares of Black Knight in a research note on Tuesday, September 29th. They issued a “buy” rating and a $97.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Black Knight from $83.00 to $90.00 in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Black Knight from $85.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Finally, Wells Fargo & Company increased their target price on shares of Black Knight from $85.00 to $100.00 in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $93.40.
Shares of NYSE:BKI opened at $92.80 on Friday. Black Knight, Inc. has a 12 month low of $50.01 and a 12 month high of $97.19. The company’s 50-day moving average price is $91.91 and its two-hundred day moving average price is $80.48. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The firm has a market cap of $14.57 billion, a P/E ratio of 61.46, a P/E/G ratio of 6.04 and a beta of 0.87.
Black Knight (NYSE:BKI) last issued its quarterly earnings data on Saturday, November 14th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. Black Knight had a net margin of 19.21% and a return on equity of 12.45%. The firm had revenue of $312.60 million for the quarter, compared to analyst estimates of $304.71 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue was up 4.5% on a year-over-year basis. As a group, equities analysts predict that Black Knight, Inc. will post 1.79 earnings per share for the current fiscal year.
In other news, General Counsel Michael L. Gravelle sold 800 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $85.52, for a total value of $68,416.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have sold 112,200 shares of company stock worth $9,490,596. Insiders own 4.00% of the company’s stock.
Black Knight Company Profile
Black Knight, Inc provides integrated software, data, and analytics solutions in the United States. The Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans; 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; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; Claims, an integrated solution which manages default-related claims process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.
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