Forward Management LLC raised its stake in Black Knight Financial Services, Inc. (NYSE:BKFS) by 4.6% during the second quarter, Holdings Channel reports. The institutional investor owned 6,116 shares of the technology company’s stock after buying an additional 269 shares during the period. Forward Management LLC’s holdings in Black Knight Financial Services were worth $250,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Karp Capital Management Corp acquired a new stake in shares of Black Knight Financial Services during the first quarter valued at $268,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Black Knight Financial Services during the first quarter valued at $585,000. US Bancorp DE increased its stake in shares of Black Knight Financial Services by 59.6% in the first quarter. US Bancorp DE now owns 107,073 shares of the technology company’s stock valued at $4,101,000 after buying an additional 39,990 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Black Knight Financial Services during the first quarter valued at $314,000. Finally, Bbva Compass Bancshares Inc. increased its stake in shares of Black Knight Financial Services by 54.5% in the first quarter. Bbva Compass Bancshares Inc. now owns 15,207 shares of the technology company’s stock valued at $583,000 after buying an additional 5,364 shares in the last quarter.

Black Knight Financial Services, Inc. (BKFS) opened at 41.40 on Friday. The company has a market capitalization of $2.77 billion, a P/E ratio of 73.02 and a beta of 0.75. The firm has a 50-day moving average price of $41.59 and a 200 day moving average price of $39.44. Black Knight Financial Services, Inc. has a 52-week low of $34.00 and a 52-week high of $43.70.

Black Knight Financial Services (NYSE:BKFS) last issued its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. Black Knight Financial Services had a return on equity of 8.29% and a net margin of 3.96%. The firm had revenue of $263.40 million during the quarter, compared to analyst estimates of $265.24 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that Black Knight Financial Services, Inc. will post $1.37 earnings per share for the current fiscal year.

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Several analysts recently weighed in on the company. Zacks Investment Research downgraded Black Knight Financial Services from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. BidaskClub downgraded Black Knight Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Bank of America Corporation upped their price objective on Black Knight Financial Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. Knight Equity restated a “hold” rating on shares of Black Knight Financial Services in a research report on Wednesday, July 19th. Finally, Sidoti reiterated an “overweight” rating and issued a $48.00 target price (up from $45.00) on shares of Black Knight Financial Services in a research report on Friday, July 21st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $46.00.

In other Black Knight Financial Services news, Director H. Lee Equity Fund Vi Thomas sold 750,000 shares of Black Knight Financial Services stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $41.90, for a total transaction of $31,425,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Anthony Orefice sold 30,000 shares of Black Knight Financial Services stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $38.50, for a total value of $1,155,000.00. Following the sale, the chief operating officer now directly owns 121,173 shares of the company’s stock, valued at approximately $4,665,160.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 870,000 shares of company stock valued at $36,167,700. Corporate insiders own 30.91% of the company’s stock.

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 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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Institutional Ownership by Quarter for Black Knight Financial Services (NYSE:BKFS)

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