Black Knight Inc (BKI) Position Boosted by California State Teachers Retirement System

California State Teachers Retirement System increased its position in shares of Black Knight Inc (NYSE:BKI) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 224,787 shares of the company’s stock after buying an additional 879 shares during the period. California State Teachers Retirement System’s holdings in Black Knight were worth $12,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bremer Trust National Association acquired a new position in Black Knight during the fourth quarter worth $61,000. Loeb Partners Corp acquired a new position in Black Knight during the fourth quarter worth $63,000. Benjamin F. Edwards & Company Inc. increased its holdings in Black Knight by 110.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,592 shares of the company’s stock worth $72,000 after buying an additional 836 shares during the last quarter. Hanson McClain Inc. increased its holdings in Black Knight by 64.9% during the fourth quarter. Hanson McClain Inc. now owns 1,905 shares of the company’s stock worth $86,000 after buying an additional 750 shares during the last quarter. Finally, Private Capital Group LLC increased its holdings in Black Knight by 166.9% during the first quarter. Private Capital Group LLC now owns 1,906 shares of the company’s stock worth $104,000 after buying an additional 1,192 shares during the last quarter. Institutional investors and hedge funds own 86.72% of the company’s stock.

In other Black Knight news, President Joseph M. Nackashi sold 18,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $56.59, for a total value of $1,018,620.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Anthony Orefice sold 23,529 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $54.13, for a total transaction of $1,273,624.77. The disclosure for this sale can be found here. 14.40% of the stock is owned by insiders.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Black Knight from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Barclays boosted their target price on shares of Black Knight from $56.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Goldman Sachs Group upgraded shares of Black Knight from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $58.00 to $68.00 in a report on Monday. Compass Point restated a “buy” rating and set a $59.75 target price (up from $55.50) on shares of Black Knight in a report on Tuesday, February 19th. Finally, Knight Equity restated a “buy” rating and set a $55.00 target price on shares of Black Knight in a report on Wednesday, February 13th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Black Knight presently has a consensus rating of “Buy” and an average target price of $60.18.

NYSE:BKI opened at $59.24 on Wednesday. Black Knight Inc has a one year low of $42.30 and a one year high of $59.52. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.24 and a current ratio of 1.24.

Black Knight (NYSE:BKI) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.05. Black Knight had a net margin of 14.65% and a return on equity of 13.64%. The firm had revenue of $283.20 million for the quarter, compared to the consensus estimate of $282.51 million. During the same period in the previous year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Black Knight Inc will post 1.74 earnings per share for the current fiscal year.

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

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