Bank of Montreal Can bought a new stake in Black Knight Inc (NYSE:BKI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 34,094 shares of the company’s stock, valued at approximately $1,505,000.
Other institutional investors have also added to or reduced their stakes in the company. Wellington Shields Capital Management LLC bought a new position in Black Knight in the third quarter valued at $202,000. Marshwinds Advisory Co. bought a new position in Black Knight in the fourth quarter valued at $243,000. 440 Investment Group LLC bought a new position in Black Knight in the fourth quarter valued at $249,000. Nisa Investment Advisors LLC bought a new position in Black Knight in the fourth quarter valued at $936,000. Finally, Venturi Wealth Management LLC bought a new position in Black Knight in the third quarter valued at $1,572,000. 30.94% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Black Knight from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Barclays decreased their target price on shares of Black Knight from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Wedbush reaffirmed a “neutral” rating and issued a $50.00 target price on shares of Black Knight in a research report on Wednesday, January 31st. Oppenheimer raised shares of Black Knight from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 4th. Finally, Knight Equity raised shares of Black Knight from a “market perform” rating to a “buy” rating and raised their target price for the company from $42.00 to $52.00 in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $50.78.
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Black Knight Profile
Black Knight, Inc provides integrated technology, workflow automation, and data and analytics to the mortgage and real estate industries. The Company’s segments include Technology, and Data and Analytics. The Company’s Technology segment offers software and hosting solutions that support loan servicing, loan origination and settlement services.
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