Two Sigma Investments LP lowered its position in Black Knight Inc (NYSE:BKI) by 18.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 820,352 shares of the company’s stock after selling 189,336 shares during the period. Two Sigma Investments LP owned approximately 0.55% of Black Knight worth $36,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BKI. Private Capital Group LLC lifted its stake in Black Knight by 357.7% in the fourth quarter. Private Capital Group LLC now owns 714 shares of the company’s stock worth $32,000 after purchasing an additional 558 shares during the last quarter. We Are One Seven LLC bought a new stake in Black Knight in the fourth quarter worth about $52,000. Bremer Trust National Association bought a new stake in Black Knight in the fourth quarter worth about $61,000. Loeb Partners Corp bought a new stake in Black Knight in the fourth quarter worth about $63,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Black Knight by 110.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,592 shares of the company’s stock worth $72,000 after purchasing an additional 836 shares during the last quarter. 87.97% of the stock is owned by institutional investors and hedge funds.
BKI has been the subject of several analyst reports. Wedbush decreased their price objective on shares of Black Knight from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, November 20th. Knight Equity reaffirmed a “buy” rating and set a $55.00 price target on shares of Black Knight in a research note on Wednesday, February 13th. Deutsche Bank decreased their price target on shares of Black Knight from $59.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, January 7th. Susquehanna Bancshares initiated coverage on shares of Black Knight in a research note on Thursday, November 29th. They set a “positive” rating and a $59.00 price target for the company. Finally, Compass Point reaffirmed a “buy” rating and set a $59.75 price target (up previously from $55.50) on shares of Black Knight in a research note on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $58.19.
Black Knight (NYSE:BKI) last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Black Knight had a net margin of 15.13% and a return on equity of 14.17%. The firm had revenue of $285.40 million during the quarter, compared to the consensus estimate of $285.14 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. On average, analysts forecast that Black Knight Inc will post 1.76 earnings per share for the current year.
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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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