Shares of Black Knight (NYSE:BKI) have earned a consensus recommendation of “Buy” from the twelve analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $51.00.
BKI has been the subject of several research analyst reports. ValuEngine upgraded shares of Black Knight from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded shares of Black Knight from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Thursday, February 15th. Compass Point initiated coverage on shares of Black Knight in a report on Wednesday, January 3rd. They issued a “buy” rating and a $52.00 target price for the company. Deutsche Bank upgraded shares of Black Knight from a “hold” rating to a “buy” rating and upped their target price for the company from $42.00 to $52.00 in a report on Tuesday, January 2nd. Finally, Knight Equity upgraded shares of Black Knight from a “market perform” rating to a “buy” rating and upped their target price for the company from $42.00 to $52.00 in a report on Tuesday, January 2nd.
Shares of Black Knight stock traded down $0.15 during trading hours on Thursday, hitting $47.65. The company had a trading volume of 486,584 shares, compared to its average volume of 913,235. Black Knight has a twelve month low of $37.42 and a twelve month high of $53.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.81. The stock has a market cap of $7,176.50, a price-to-earnings ratio of 36.10, a PEG ratio of 1.87 and a beta of 0.86.
In related news, Director H. Lee Equity Fund Vi Thomas sold 7,000,000 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $48.63, for a total transaction of $340,410,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.00% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Lee Thomas H Partners LP acquired a new stake in Black Knight during the 4th quarter worth $1,236,041,000. Victory Capital Management Inc. purchased a new position in Black Knight during the 4th quarter worth $303,601,000. BlackRock Inc. purchased a new position in Black Knight during the 4th quarter worth $195,204,000. Goldman Sachs Group Inc. purchased a new position in Black Knight during the 4th quarter worth $132,010,000. Finally, Confluence Investment Management LLC raised its position in Black Knight by 142.7% during the 4th quarter. Confluence Investment Management LLC now owns 2,053,282 shares of the company’s stock worth $90,652,000 after buying an additional 1,207,427 shares during the last quarter. Hedge funds and other institutional investors own 85.24% of the company’s stock.
Black Knight Company Profile
Black Knight, Inc provides software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals primarily in the United States. It operates through two segments, Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions, including LoanSphere mortgage servicing platform, a software as a service application that automates loan servicing to the secondary mortgage market and investor reporting; and LoanSphere Bankruptcy and LoanSphere Foreclosure solutions, which are Web-based workflow information systems for managing and automating a range of workflow processes involving non-performing loans.
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