Investors Buy Shares of Black Knight (BKI) on Weakness

Traders bought shares of Black Knight Inc (NYSE:BKI) on weakness during trading hours on Wednesday. $39.74 million flowed into the stock on the tick-up and $18.62 million flowed out of the stock on the tick-down, for a money net flow of $21.12 million into the stock. Of all equities tracked, Black Knight had the 33rd highest net in-flow for the day. Black Knight traded down ($0.05) for the day and closed at $48.95

A number of brokerages have commented on BKI. Zacks Investment Research cut Black Knight from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays lowered their target price on Black Knight from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Wedbush reiterated a “neutral” rating and set a $50.00 target price on shares of Black Knight in a report on Wednesday, January 31st. Oppenheimer upgraded Black Knight from a “market perform” rating to an “outperform” rating in a report on Thursday, January 4th. Finally, Knight Equity upgraded Black Knight from a “market perform” rating to a “buy” rating and increased their target price for the company from $42.00 to $52.00 in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Black Knight presently has a consensus rating of “Buy” and a consensus price target of $51.00.

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $7,349.16, a price-to-earnings ratio of 37.08, a PEG ratio of 1.91 and a beta of 0.86.

Black Knight (NYSE:BKI) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Black Knight had a return on equity of 11.32% and a net margin of 17.14%. The business had revenue of $268.40 million for the quarter, compared to analysts’ expectations of $270.08 million. equities research analysts forecast that Black Knight Inc will post 1.71 earnings per share for the current year.

In other news, Director H. Lee Equity Fund Vi Thomas sold 6,000,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $46.41, for a total transaction of $278,460,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.00% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new stake in shares of Black Knight during the fourth quarter worth $1,598,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Black Knight in the 4th quarter worth $102,000. Duncker Streett & Co. Inc. purchased a new position in shares of Black Knight in the 4th quarter worth $111,000. Hirtle Callaghan & Co LLC purchased a new position in shares of Black Knight in the 4th quarter worth $115,000. Finally, First Bank & Trust purchased a new position in shares of Black Knight in the 4th quarter worth $130,000. Institutional investors and hedge funds own 85.24% of the company’s stock.

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Black Knight Company 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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