Fenimore Asset Management Inc. increased its stake in Black Knight Inc (NYSE:BKI) by 21.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 588,362 shares of the company’s stock after purchasing an additional 103,887 shares during the quarter. Fenimore Asset Management Inc.’s holdings in Black Knight were worth $26,512,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Black Knight in the 2nd quarter worth $101,000. Cerebellum GP LLC bought a new position in Black Knight in the 3rd quarter worth $171,000. AMP Capital Investors Ltd bought a new position in Black Knight in the 2nd quarter worth $203,000. Point72 Hong Kong Ltd bought a new position in Black Knight in the 3rd quarter worth $210,000. Finally, Oakbrook Investments LLC bought a new position in Black Knight in the 3rd quarter worth $229,000. 86.23% of the stock is currently owned by institutional investors.

In other Black Knight news, CEO Anthony M. Jabbour purchased 22,140 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were acquired at an average cost of $45.17 per share, with a total value of $1,000,063.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.40% of the stock is owned by company insiders.

NYSE:BKI traded down $0.21 on Friday, reaching $46.39. 174,162 shares of the company’s stock traded hands, compared to its average volume of 924,753. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.78. The stock has a market cap of $6.94 billion, a PE ratio of 35.14, a P/E/G ratio of 1.62 and a beta of 0.68. Black Knight Inc has a 12 month low of $42.30 and a 12 month high of $56.45.

Black Knight (NYSE:BKI) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The business had revenue of $282.30 million for the quarter, compared to analysts’ expectations of $282.42 million. Black Knight had a return on equity of 13.86% and a net margin of 24.90%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Sell-side analysts anticipate that Black Knight Inc will post 1.6 earnings per share for the current fiscal year.

A number of brokerages recently commented on BKI. Zacks Investment Research cut Black Knight from a “hold” rating to a “strong sell” rating in a report on Friday, November 2nd. Deutsche Bank decreased their target price on Black Knight from $59.00 to $57.00 and set a “buy” rating on the stock in a report on Monday. Knight Equity began coverage on Black Knight in a report on Thursday, November 29th. They issued a “positive” rating and a $44.94 target price on the stock. Susquehanna Bancshares began coverage on Black Knight in a report on Thursday, November 29th. They issued a “positive” rating and a $59.00 target price on the stock. Finally, Wedbush decreased their target price on Black Knight from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, November 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. Black Knight has a consensus rating of “Buy” and an average price target of $56.34.

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Black Knight Company Profile

Black Knight, Inc engages in the provision of software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination and settlement services. The Data and Analytics segment refers to the data and analytics solutions to the mortgage, real estate and capital markets verticals.

Further Reading: Different Types of Derivatives

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Institutional Ownership by Quarter for Black Knight (NYSE:BKI)

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