Chicago Equity Partners LLC Decreases Stake in Black Knight Inc (NYSE:BKI)

Chicago Equity Partners LLC reduced its holdings in Black Knight Inc (NYSE:BKI) by 53.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,530 shares of the company’s stock after selling 5,170 shares during the period. Chicago Equity Partners LLC’s holdings in Black Knight were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. TradeLink Capital LLC purchased a new position in shares of Black Knight in the third quarter worth about $342,000. Waratah Capital Advisors Ltd. lifted its stake in shares of Black Knight by 539.2% in the third quarter. Waratah Capital Advisors Ltd. now owns 230,193 shares of the company’s stock worth $14,056,000 after buying an additional 194,178 shares in the last quarter. Ironvine Capital Partners LLC purchased a new position in shares of Black Knight in the third quarter worth about $13,577,000. Pegasus Partners Ltd. lifted its stake in shares of Black Knight by 106.3% in the third quarter. Pegasus Partners Ltd. now owns 32,763 shares of the company’s stock worth $2,001,000 after buying an additional 16,880 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Black Knight in the third quarter worth about $8,145,000. 88.17% of the stock is currently owned by hedge funds and other institutional investors.

BKI has been the topic of a number of analyst reports. SunTrust Banks set a $66.00 target price on shares of Black Knight and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research downgraded shares of Black Knight from a “buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods set a $67.00 target price on shares of Black Knight and gave the stock a “buy” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. reduced their target price on shares of Black Knight from $69.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Piper Jaffray Companies set a $69.00 target price on shares of Black Knight and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $63.46.

Shares of BKI stock opened at $56.66 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 1.30. The firm’s 50-day moving average is $61.56 and its two-hundred day moving average is $60.40. Black Knight Inc has a 12 month low of $42.30 and a 12 month high of $64.80. The company 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 analysts’ consensus estimates of $0.49 by $0.02. Black Knight had a net margin of 13.71% and a return on equity of 13.51%. The company had revenue of $299.10 million for the quarter, compared to the consensus estimate of $299.16 million. During the same period in the previous year, the firm earned $0.48 earnings per share. Black Knight’s quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side analysts forecast that Black Knight Inc will post 1.66 EPS for the current year.

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

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