Black Knight Inc (NYSE:BKI)’s share price was down 5% during trading on Thursday after Bank of America lowered their price target on the stock from $57.00 to $54.00. Bank of America currently has a buy rating on the stock. Black Knight traded as low as $44.85 and last traded at $46.10. Approximately 2,748,161 shares traded hands during mid-day trading, an increase of 249% from the average daily volume of 788,358 shares. The stock had previously closed at $48.55.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Black Knight from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Thursday, January 4th. Compass Point started coverage on Black Knight in a research note on Wednesday, January 3rd. They issued a “buy” rating and a $52.00 price objective on the stock. Deutsche Bank upgraded Black Knight from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $52.00 in a research note on Tuesday, January 2nd. Knight Equity upgraded Black Knight from a “market perform” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $52.00 in a research note on Tuesday, January 2nd. Finally, Wedbush reiterated a “neutral” rating and issued a $50.00 price objective on shares of Black Knight in a research note on Wednesday, January 31st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $50.78.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. bought a new position in Black Knight during the fourth quarter valued at about $303,601,000. BlackRock Inc. bought a new position in Black Knight during the fourth quarter valued at about $195,204,000. Confluence Investment Management LLC increased its stake in Black Knight by 142.7% during the fourth quarter. Confluence Investment Management LLC now owns 2,053,282 shares of the company’s stock valued at $90,652,000 after acquiring an additional 1,207,427 shares during the period. Wells Fargo & Company MN bought a new position in Black Knight during the fourth quarter valued at about $83,681,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in Black Knight during the fourth quarter valued at about $75,870,000. Hedge funds and other institutional investors own 28.29% of the company’s stock.

The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market cap of $7,450.92, a P/E ratio of 31.62, a PEG ratio of 2.40 and a beta of 0.83.

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About Black Knight

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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