Black Knight Inc (NYSE:BKI) has been assigned a consensus rating of “Buy” from the eleven brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $51.00.
A number of brokerages have commented on BKI. Zacks Investment Research raised Black Knight from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Thursday, February 15th. William Blair reaffirmed an “outperform” rating on shares of Black Knight in a report on Wednesday, February 7th. Bank of America decreased their price objective on Black Knight from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Barclays decreased their price objective on Black Knight from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $50.00 price objective on shares of Black Knight in a report on Wednesday, January 31st.
Shares of Black Knight (NYSE BKI) traded up $0.30 during midday trading on Wednesday, reaching $47.70. The company’s stock had a trading volume of 303,769 shares, compared to its average volume of 959,900. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.90. Black Knight has a 52-week low of $37.20 and a 52-week high of $53.00. The firm has a market cap of $7,177.78, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 1.85 and a beta of 0.83.
In other news, Director H. Lee Equity Fund Vi Thomas sold 6,000,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $46.41, for a total transaction of $278,460,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penbrook Management LLC acquired a new stake in shares of Black Knight during the 4th quarter worth $737,000. Xact Kapitalforvaltning AB acquired a new stake in Black Knight in the fourth quarter valued at about $408,000. Envestnet Asset Management Inc. acquired a new stake in Black Knight in the fourth quarter valued at about $987,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Black Knight in the fourth quarter valued at about $834,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in Black Knight in the fourth quarter valued at about $14,128,000. 44.81% of the stock is currently owned by institutional investors.
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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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