Piper Jaffray Companies set a $69.00 price target on Black Knight (NYSE:BKI) in a report published on Wednesday, TipRanks reports. The firm currently has a buy rating on the stock. Piper Jaffray Companies also issued estimates for Black Knight’s Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.43 EPS, FY2019 earnings at $1.65 EPS, Q3 2020 earnings at $0.49 EPS, Q4 2020 earnings at $0.51 EPS, FY2020 earnings at $1.94 EPS and FY2021 earnings at $2.29 EPS.
A number of other research analysts have also commented on BKI. Deutsche Bank set a $64.00 price objective on shares of Black Knight and gave the company a buy rating in a research note on Wednesday, June 26th. Goldman Sachs Group upgraded shares of Black Knight from a neutral rating to a buy rating and raised their target price for the stock from $58.00 to $68.00 in a report on Monday, June 3rd. Keefe, Bruyette & Woods set a $67.00 target price on shares of Black Knight and gave the stock a buy rating in a report on Wednesday. Compass Point set a $63.00 target price on shares of Black Knight and gave the stock a buy rating in a report on Wednesday. Finally, Barclays raised 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $63.09.
Shares of NYSE BKI traded down $0.55 during mid-day trading on Wednesday, reaching $61.31. 581,300 shares of the company traded hands, compared to its average volume of 736,474. Black Knight has a fifty-two week low of $42.30 and a fifty-two week high of $64.41. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 2.26 and a beta of 0.69. The company has a fifty day moving average of $61.65.
In other Black Knight news, President Joseph M. Nackashi sold 18,000 shares of Black Knight stock in a transaction on Friday, May 17th. The shares were sold at an average price of $56.59, for a total transaction of $1,018,620.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William P. Foley II sold 250,000 shares of Black Knight stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $61.21, for a total transaction of $15,302,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 278,000 shares of company stock valued at $16,923,020 in the last three months. Company insiders own 4.40% of the company’s stock.
Large investors have recently modified their holdings of the business. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Black Knight in the 2nd quarter worth $84,000. Russell Investments Group Ltd. grew its position in Black Knight by 6.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 47,845 shares of the company’s stock worth $2,878,000 after purchasing an additional 2,767 shares during the last quarter. SRS Capital Advisors Inc. acquired a new stake in Black Knight in the 2nd quarter worth $99,000. Sciencast Management LP acquired a new stake in Black Knight in the 2nd quarter worth $469,000. Finally, Cumberland Partners Ltd acquired a new stake in Black Knight in the 2nd quarter worth $301,000. 86.84% of the stock is 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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