Earnest Partners LLC Purchases New Position in Black Knight Inc (BKI)
Earnest Partners LLC purchased a new stake in Black Knight Inc (NYSE:BKI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 677,063 shares of the company’s stock, valued at approximately $29,892,000.
A number of other institutional investors also recently added to or reduced their stakes in BKI. Benjamin F. Edwards & Company Inc. acquired a new stake in Black Knight in the 4th quarter valued at $102,000. Duncker Streett & Co. Inc. acquired a new stake in Black Knight in the 4th quarter valued at $111,000. Hirtle Callaghan & Co LLC acquired a new stake in Black Knight in the 4th quarter valued at $115,000. First Bank & Trust acquired a new stake in Black Knight in the 4th quarter valued at $130,000. Finally, JFS Wealth Advisors LLC acquired a new stake in Black Knight in the 4th quarter valued at $131,000. 85.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Black Knight Inc (BKI) opened at $49.00 on Wednesday. Black Knight Inc has a one year low of $37.20 and a one year 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 $7,364.17, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86.
Several equities research analysts have issued reports on the stock. ValuEngine raised shares of Black Knight from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised shares of Black Knight from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Thursday, February 15th. William Blair reaffirmed an “outperform” rating on shares of Black Knight in a research note on Wednesday, February 7th. Bank of America lowered their target price on shares of Black Knight from $57.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, Barclays lowered their target price on shares of Black Knight from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $51.00.
In other news, Director H. Lee Equity Fund Vi Thomas sold 6,000,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $46.41, for a total transaction of $278,460,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 30.78% of the company’s stock.
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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