Wallington Asset Management LLC trimmed its stake in Black Knight (NYSE:BKI) by 9.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,261 shares of the company’s stock after selling 3,782 shares during the quarter. Wallington Asset Management LLC’s holdings in Black Knight were worth $1,708,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lee Thomas H Partners LP acquired a new position in shares of Black Knight in the fourth quarter worth $1,236,041,000. Victory Capital Management Inc. acquired a new position in shares of Black Knight in the fourth quarter worth $303,601,000. BlackRock Inc. acquired a new position in shares of Black Knight in the fourth quarter worth $195,204,000. Goldman Sachs Group Inc. acquired a new position in shares of Black Knight in the fourth quarter worth $132,010,000. Finally, Veritas Asset Management LLP acquired a new position in shares of Black Knight in the first quarter worth $129,355,000. 87.48% of the stock is owned by institutional investors.
In related news, Director H. Lee Equity Fund Vi Thomas sold 7,000,000 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $48.63, for a total value of $340,410,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 14.40% of the company’s stock.
Black Knight stock opened at $50.20 on Tuesday. The firm has a market capitalization of $7.49 billion, a P/E ratio of 35.07, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86. Black Knight has a 52 week low of $50.10 and a 52 week high of $50.25. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.89.
Black Knight (NYSE:BKI) last released its earnings results on Monday, May 7th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The firm had revenue of $271.20 million during the quarter, compared to analyst estimates of $267.88 million. Black Knight had a return on equity of 12.81% and a net margin of 19.83%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. research analysts predict that Black Knight will post 1.67 EPS for the current year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut Black Knight from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Barclays cut their price target on Black Knight from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. William Blair reissued an “outperform” rating on shares of Black Knight in a report on Wednesday, February 7th. Wedbush reissued a “neutral” rating and issued a $50.00 price target on shares of Black Knight in a report on Wednesday, January 31st. Finally, Bank of America cut their price target on Black Knight from $57.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $51.33.
About Black Knight
Black Knight, Inc provides software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals primarily in the United States. It operates through two segments, Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions, including LoanSphere mortgage servicing platform, a software as a service application that automates loan servicing to the secondary mortgage market and investor reporting; and LoanSphere Bankruptcy and LoanSphere Foreclosure solutions, which are Web-based workflow information systems for managing and automating a range of workflow processes involving non-performing loans.
Want to see what other hedge funds are holding BKI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Black Knight (NYSE:BKI).
Receive News & Ratings for Black Knight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Knight and related companies with MarketBeat.com's FREE daily email newsletter.