According to Zacks, “Black Knight, Inc. engages in the provision of integrated technology, workflow automation and data and analytics to the mortgage and real estate industries, through its subsidiaries. It operates through the Technology and Data and Analytics business segments. Technology segment offers software and hosting solutions which support loan servicing, loan origination and settlement services. Data and Analytics segment provides property ownership data, lien data, servicing data, automated valuation models, collateral risk scores, prepayment and default models, lead generation and other data solutions. Black Knight Inc., formerly known as Black Knight Financial Services Inc., is headquartered in Jacksonville, FL. “
A number of other equities research analysts have also issued reports on the company. Keefe, Bruyette & Woods set a $67.00 target price on Black Knight and gave the company a buy rating in a research note on Wednesday, August 7th. Piper Jaffray Companies set a $69.00 target price on Black Knight and gave the company a buy rating in a research note on Wednesday, August 7th. ValuEngine lowered Black Knight from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Compass Point set a $63.00 target price on Black Knight and gave the company a buy rating in a research note on Wednesday, August 7th. Finally, SunTrust Banks set a $66.00 target price on Black Knight and gave the company a buy rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Black Knight currently has a consensus rating of Buy and a consensus price target of $63.46.
BKI stock traded down $0.30 on Thursday, reaching $56.66. The company had a trading volume of 1,877,181 shares, compared to its average volume of 756,584. Black Knight has a 1 year low of $42.30 and a 1 year high of $64.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 1.30. The company’s fifty day moving average is $61.56 and its 200 day moving average is $60.40. The company has a market cap of $8.49 billion, a P/E ratio of 34.76, a PEG ratio of 2.50 and a beta of 0.69.
Black Knight (NYSE:BKI) last posted its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. Black Knight had a return on equity of 13.51% and a net margin of 13.71%. The firm had revenue of $299.10 million for the quarter, compared to analyst estimates of $299.16 million. During the same quarter in the prior year, the company earned $0.48 EPS. Black Knight’s revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts predict that Black Knight will post 1.66 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Signaturefd LLC lifted its stake in shares of Black Knight by 78.5% during the 3rd quarter. Signaturefd LLC now owns 407 shares of the company’s stock worth $25,000 after purchasing an additional 179 shares during the period. Covington Capital Management purchased a new position in shares of Black Knight during the 2nd quarter worth $30,000. Motco lifted its stake in shares of Black Knight by 243.6% during the 2nd quarter. Motco now owns 694 shares of the company’s stock worth $42,000 after purchasing an additional 492 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Black Knight during the 2nd quarter worth $55,000. Finally, Riverhead Capital Management LLC purchased a new position in shares of Black Knight during the 2nd quarter worth $56,000. 88.17% of the stock is currently owned by institutional investors.
About Black Knight
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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