Black Knight Financial Services Inc. (NYSE:BKFS) was upgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday. The firm presently has a $46.00 price target on the stock, up from their prior price target of $38.00. Keefe, Bruyette & Woods’ price target points to a potential upside of 12.66% from the stock’s previous close.

Several other research firms have also commented on BKFS. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $44.00 target price (up from $38.00) on shares of Black Knight Financial Services in a report on Monday, July 25th. Monness Crespi & Hardt downgraded Black Knight Financial Services from a “neutral” rating to a “sell” rating and set a $32.00 price target on the stock. in a research report on Thursday, July 21st. Mizuho increased their price target on Black Knight Financial Services from $29.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, July 21st. Finally, Zacks Investment Research downgraded Black Knight Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.13.

Analyst Recommendations for Black Knight Financial Services (NYSE:BKFS)

Black Knight Financial Services (NYSE:BKFS) opened at 40.83 on Monday. The company has a market cap of $2.69 billion, a P/E ratio of 62.62 and a beta of 0.89. The stock’s 50 day moving average price is $39.28 and its 200 day moving average price is $35.02. Black Knight Financial Services has a 52-week low of $25.24 and a 52-week high of $42.19.

Black Knight Financial Services (NYSE:BKFS) last posted its earnings results on Wednesday, July 20th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $255.50 million for the quarter, compared to analyst estimates of $251.88 million. Black Knight Financial Services had a return on equity of 5.46% and a net margin of 4.39%. Black Knight Financial Services’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. Analysts expect that Black Knight Financial Services will post $1.15 earnings per share for the current year.

In related news, Director David K. Hunt sold 10,627 shares of the stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $36.50, for a total value of $387,885.50. Following the completion of the sale, the director now owns 46,545 shares of the company’s stock, valued at $1,698,892.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Anthony Orefice sold 42,125 shares of the stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $35.00, for a total value of $1,474,375.00. Following the completion of the sale, the chief operating officer now directly owns 104,125 shares of the company’s stock, valued at approximately $3,644,375. The disclosure for this sale can be found here. 30.91% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of BKFS. Vanguard Group Inc. boosted its stake in Black Knight Financial Services by 12.7% in the second quarter. Vanguard Group Inc. now owns 1,629,571 shares of the company’s stock valued at $61,272,000 after buying an additional 183,768 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Black Knight Financial Services by 16.1% in the second quarter. Bank of New York Mellon Corp now owns 742,127 shares of the company’s stock valued at $27,904,000 after buying an additional 102,894 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Black Knight Financial Services by 14.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 448,947 shares of the company’s stock valued at $16,880,000 after buying an additional 57,292 shares in the last quarter. FMR LLC bought a new stake in Black Knight Financial Services during the second quarter valued at approximately $10,699,000. Finally, State Street Corp boosted its stake in Black Knight Financial Services by 4.5% in the first quarter. State Street Corp now owns 259,968 shares of the company’s stock valued at $8,067,000 after buying an additional 11,083 shares in the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Black Knight Financial Services Company Profile

Black Knight Financial Services, Inc is a holding company. The Company, through its subsidiaries, provides integrated technology, workflow automation, and data and analytics to the mortgage industry. It operates through two segments: Technology, which offers software and hosting solutions that support loan servicing and includes the mortgage servicing, specialty mortgage servicing, including loss mitigation and default workflow management, loan origination and settlement services, and Data and Analytics, which offers solutions to support its technology products in the mortgage, real estate and capital markets industries.

5 Day Chart for NYSE:BKFS

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