Black Knight (NYSE:BKI) had its price target reduced by JPMorgan Chase & Co. from $69.00 to $64.00 in a research report sent to investors on Thursday, Stock Target Advisor reports. They currently have an overweight rating on the stock.
Several other brokerages also recently commented on BKI. Compass Point set a $63.00 target price on Black Knight and gave the stock a buy rating in a research note on Wednesday, August 7th. SunTrust Banks set a $66.00 target price on Black Knight and gave the stock a buy rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods set a $67.00 target price on Black Knight and gave the stock a buy rating in a research note on Wednesday, August 7th. Zacks Investment Research downgraded Black Knight from a buy rating to a hold rating in a research note on Thursday. Finally, ValuEngine downgraded Black Knight from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $63.46.
Shares of NYSE BKI traded down $0.30 during midday trading on Thursday, hitting $56.66. 1,877,181 shares of the company’s stock were exchanged, compared to its average volume of 756,584. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. Black Knight has a 12 month low of $42.30 and a 12 month high of $64.80. The company’s 50 day moving average price is $61.56 and its 200 day moving average price is $60.40. The firm has a market capitalization of $8.49 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.69.
Black Knight (NYSE:BKI) last issued its earnings results on Wednesday, November 6th. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Black Knight had a return on equity of 13.51% and a net margin of 13.71%. The company had revenue of $299.10 million during the quarter, compared to the consensus estimate of $299.16 million. During the same period in the previous year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Black Knight will post 1.66 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its stake in Black Knight by 78.5% in the 3rd quarter. Signaturefd LLC now owns 407 shares of the company’s stock valued at $25,000 after purchasing an additional 179 shares during the period. Covington Capital Management bought a new stake in Black Knight in the 2nd quarter valued at $30,000. Motco boosted its stake in Black Knight by 243.6% in the 2nd quarter. Motco now owns 694 shares of the company’s stock valued at $42,000 after purchasing an additional 492 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in Black Knight in the 2nd quarter valued at $55,000. Finally, Riverhead Capital Management LLC bought a new stake in Black Knight in the 2nd quarter valued at $56,000. Institutional investors and hedge funds own 88.17% of the company’s stock.
Black Knight Company Profile
Black Knight, Inc provides integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals in the United States. Its Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans that automates various areas of loan servicing; Bankruptcy / Foreclosure solutions for managing and automating a range of different workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors by automating billing and invoice process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.
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