Black Knight (NYSE:BKI) Price Target Cut to $64.00 by Analysts at JPMorgan Chase & Co.

Black Knight (NYSE:BKI) had its price target reduced by investment analysts at JPMorgan Chase & Co. from $69.00 to $64.00 in a report issued on Thursday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 12.95% from the company’s previous close.

A number of other analysts have also recently weighed in on BKI. Zacks Investment Research cut Black Knight from a “buy” rating to a “hold” rating in a research report on Thursday. SunTrust Banks set a $66.00 price target on Black Knight and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine cut Black Knight from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods set a $67.00 price target on Black Knight and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Compass Point set a $63.00 price objective on Black Knight and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Black Knight presently has a consensus rating of “Buy” and an average target price of $63.46.

Shares of NYSE:BKI 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 twelve month low of $42.30 and a twelve month high of $64.80. The stock has a 50-day moving average price of $61.56 and a 200 day moving average price of $60.40. The stock has a market capitalization of $8.49 billion, a P/E ratio of 34.76, a P/E/G ratio of 2.50 and a beta of 0.69. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.85.

Black Knight (NYSE:BKI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share for the quarter, topping 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 company had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $299.16 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, sell-side analysts predict that Black Knight will post 1.66 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of BKI. Massachusetts Financial Services Co. MA lifted its position in shares of Black Knight by 238.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,341,941 shares of the company’s stock worth $143,000,000 after purchasing an additional 1,650,391 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Black Knight by 12,488.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,381,297 shares of the company’s stock worth $83,085,000 after purchasing an additional 1,370,324 shares during the last quarter. Wells Fargo & Company MN increased its stake in Black Knight by 14.3% during the second quarter. Wells Fargo & Company MN now owns 3,467,698 shares of the company’s stock valued at $208,583,000 after acquiring an additional 433,259 shares during the period. Peregrine Capital Management LLC bought a new position in Black Knight during the second quarter valued at about $21,766,000. Finally, King Luther Capital Management Corp increased its stake in Black Knight by 85.4% during the second quarter. King Luther Capital Management Corp now owns 696,795 shares of the company’s stock valued at $41,912,000 after acquiring an additional 320,923 shares during the period. 88.17% of the stock is owned by institutional investors and hedge funds.

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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