Black Knight Inc (BKI) Stake Raised by Commerce Bank

Commerce Bank grew its position in Black Knight Inc (NYSE:BKI) by 114.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,545 shares of the company’s stock after purchasing an additional 7,226 shares during the period. Commerce Bank’s holdings in Black Knight were worth $704,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Black Knight by 17.1% in the 2nd quarter. FMR LLC now owns 9,824,908 shares of the company’s stock valued at $526,124,000 after purchasing an additional 1,437,898 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Black Knight by 1.5% in the 3rd quarter. Victory Capital Management Inc. now owns 6,918,685 shares of the company’s stock valued at $359,425,000 after purchasing an additional 102,444 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Black Knight by 24.0% in the 2nd quarter. BlackRock Inc. now owns 5,920,184 shares of the company’s stock valued at $317,026,000 after purchasing an additional 1,145,140 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Black Knight by 42.9% in the 1st quarter. Principal Financial Group Inc. now owns 5,347,093 shares of the company’s stock valued at $251,847,000 after purchasing an additional 1,605,148 shares in the last quarter. Finally, Senator Investment Group LP acquired a new stake in shares of Black Knight in the 2nd quarter valued at $199,581,000. Institutional investors own 86.78% of the company’s stock.

BKI has been the subject of a number of research analyst reports. Compass Point cut their price target on Black Knight from $58.00 to $55.50 and set a “buy” rating for the company in a report on Wednesday, October 31st. Zacks Investment Research raised Black Knight from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Saturday, July 14th. Wells Fargo & Co lifted their price target on Black Knight from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, July 31st. Finally, Barclays lifted their price target on Black Knight from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $57.83.

In other Black Knight news, Director Richard N. Massey sold 6,230 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $52.51, for a total transaction of $327,137.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider William P. Foley II sold 977,000 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $51.68, for a total value of $50,491,360.00. The disclosure for this sale can be found here. Insiders own 14.40% of the company’s stock.

Black Knight stock opened at $48.98 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.36 and a quick ratio of 1.36. Black Knight Inc has a 12-month low of $43.09 and a 12-month high of $56.45. The stock has a market capitalization of $7.43 billion, a P/E ratio of 31.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.83.

Black Knight (NYSE:BKI) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The firm had revenue of $282.30 million during the quarter, compared to analysts’ expectations of $282.42 million. Black Knight had a return on equity of 13.86% and a net margin of 24.90%. Black Knight’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that Black Knight Inc will post 1.6 EPS for the current fiscal year.

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Black Knight Profile

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.

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Institutional Ownership by Quarter for Black Knight (NYSE:BKI)

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