Black Knight, Inc. (NYSE:BKI) Receives $96.73 Average Price Target from Brokerages

Shares of Black Knight, Inc. (NYSE:BKI) have received a consensus recommendation of “Buy” from the nineteen brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $96.73.

Several equities research analysts recently commented on the company. Raymond James assumed coverage on Black Knight in a research report on Monday, April 19th. They set a “market perform” rating on the stock. Susquehanna raised Black Knight from a “neutral” rating to a “positive” rating and set a $100.00 price objective on the stock in a research report on Wednesday, February 17th. Susquehanna Bancshares raised Black Knight to a “positive” rating and set a $100.00 price objective on the stock in a research report on Wednesday, February 17th. Zacks Investment Research raised Black Knight from a “sell” rating to a “hold” rating in a research report on Wednesday, April 28th. Finally, Wedbush reissued a “neutral” rating on shares of Black Knight in a research report on Tuesday, May 11th.

Shares of NYSE:BKI traded down $0.32 on Tuesday, hitting $72.45. 903,699 shares of the company traded hands, compared to its average volume of 934,274. Black Knight has a 52 week low of $68.33 and a 52 week high of $97.19. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The stock has a 50 day simple moving average of $73.93 and a 200-day simple moving average of $82.55. The company has a market cap of $11.36 billion, a PE ratio of 47.98, a PEG ratio of 4.60 and a beta of 0.79.

Black Knight (NYSE:BKI) last issued its quarterly earnings results on Thursday, May 6th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.11. Black Knight had a return on equity of 12.45% and a net margin of 19.21%. The firm had revenue of $349.10 million during the quarter, compared to the consensus estimate of $341.04 million. During the same period last year, the company earned $0.47 earnings per share. The company’s revenue was up 20.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Black Knight will post 1.84 earnings per share for the current year.

In other news, President Joseph M. Nackashi sold 13,500 shares of the firm’s stock in a transaction dated Friday, May 7th. The stock was sold at an average price of $75.79, for a total value of $1,023,165.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC raised its stake in Black Knight by 14.1% during the 4th quarter. Signaturefd LLC now owns 1,111 shares of the company’s stock valued at $98,000 after purchasing an additional 137 shares during the period. Horizon Kinetics Asset Management LLC increased its stake in Black Knight by 1.3% in the 1st quarter. Horizon Kinetics Asset Management LLC now owns 11,588 shares of the company’s stock worth $857,000 after acquiring an additional 150 shares during the last quarter. Brasada Capital Management LP increased its stake in Black Knight by 0.4% in the 4th quarter. Brasada Capital Management LP now owns 40,820 shares of the company’s stock worth $3,606,000 after acquiring an additional 155 shares during the last quarter. AGF Investments Inc. increased its stake in Black Knight by 7.5% in the 1st quarter. AGF Investments Inc. now owns 2,232 shares of the company’s stock worth $165,000 after acquiring an additional 156 shares during the last quarter. Finally, Argent Trust Co increased its stake in Black Knight by 6.1% in the 1st quarter. Argent Trust Co now owns 2,774 shares of the company’s stock worth $205,000 after acquiring an additional 160 shares during the last quarter. 89.70% of the stock is currently owned by institutional investors.

About Black Knight

Black Knight, Inc provides integrated software, data, and analytics solutions in North America and Internationally. The Software Solutions segment offers software and hosting solutions comprising MSP, a software as a service application platform for mortgage and home equity loans; Bankruptcy/Foreclosure solutions for managing and automating a range of various workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors; Servicing Digital, a white-labeled mobile solution; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; Claims, an integrated solution which manages default-related claims process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.

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Analyst Recommendations for Black Knight (NYSE:BKI)

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