BlackRock Inc. boosted its holdings in Black Knight Inc (NYSE:BKI) by 2.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 6,500,304 shares of the company’s stock after purchasing an additional 166,867 shares during the quarter. BlackRock Inc.’s holdings in Black Knight were worth $390,995,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Covington Capital Management bought a new stake in Black Knight in the second quarter worth about $30,000. Motco raised its position in Black Knight by 243.6% in the second quarter. Motco now owns 694 shares of the company’s stock worth $42,000 after acquiring an additional 492 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Black Knight in the second quarter worth about $55,000. Riverhead Capital Management LLC bought a new stake in Black Knight in the second quarter worth about $56,000. Finally, Enterprise Trust & Investment Co bought a new stake in Black Knight in the second quarter worth about $77,000. Hedge funds and other institutional investors own 89.42% of the company’s stock.
Shares of BKI opened at $58.65 on Thursday. The business’s 50-day moving average price is $61.23 and its 200 day moving average price is $60.44. The stock has a market capitalization of $8.47 billion, a P/E ratio of 35.98, a P/E/G ratio of 2.27 and a beta of 0.69. Black Knight Inc has a 1-year low of $42.30 and a 1-year high of $64.80. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.84.
In other Black Knight news, CEO Anthony M. Jabbour bought 17,675 shares of the stock in a transaction on Friday, November 8th. The shares were bought at an average price of $57.85 per share, with a total value of $1,022,498.75. Insiders own 4.40% of the company’s stock.
Several equities research analysts have commented on the stock. Piper Jaffray Companies set a $69.00 price target on shares of Black Knight and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine cut shares of Black Knight from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. SunTrust Banks set a $66.00 price target on Black Knight and gave the stock a “buy” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. dropped their price target on Black Knight from $69.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Finally, Zacks Investment Research cut Black Knight from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $63.46.
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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