Black Knight Inc (BKI) Given Average Recommendation of “Buy” by Analysts

Shares of Black Knight Inc (NYSE:BKI) have been given an average rating of “Buy” by the nine brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $57.72.

A number of brokerages have recently commented on BKI. Zacks Investment Research raised Black Knight from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Compass Point reissued a “buy” rating and set a $59.75 price target (up from $55.50) on shares of Black Knight in a research note on Tuesday, February 19th. Knight Equity reissued a “buy” rating and set a $55.00 price target on shares of Black Knight in a research note on Wednesday, February 13th. Finally, Deutsche Bank cut their price target on Black Knight from $59.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, January 7th.

NYSE:BKI opened at $54.87 on Monday. The stock has a market capitalization of $8.23 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 1.76 and a beta of 0.73. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72. Black Knight has a twelve month low of $42.30 and a twelve month high of $56.45.

Black Knight (NYSE:BKI) last released its quarterly earnings data on Wednesday, February 13th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.10. The business had revenue of $285.40 million for the quarter, compared to analyst estimates of $285.14 million. Black Knight had a return on equity of 14.17% and a net margin of 15.13%. Black Knight’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. Equities analysts predict that Black Knight will post 1.76 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of BKI. Lunia Capital LP bought a new stake in shares of Black Knight during the fourth quarter valued at approximately $5,757,000. FMR LLC boosted its position in shares of Black Knight by 30.9% during the fourth quarter. FMR LLC now owns 13,292,345 shares of the company’s stock valued at $598,953,000 after buying an additional 3,138,126 shares during the last quarter. Norges Bank purchased a new position in shares of Black Knight during the fourth quarter valued at approximately $90,623,000. Westfield Capital Management Co. LP boosted its position in shares of Black Knight by 40.9% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,422,152 shares of the company’s stock valued at $64,082,000 after buying an additional 412,956 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Black Knight by 286.4% during the third quarter. Marshall Wace LLP now owns 489,443 shares of the company’s stock valued at $25,427,000 after buying an additional 362,770 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

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.

Further Reading: Percentage Decliners

Analyst Recommendations for Black Knight (NYSE:BKI)

Receive News & Ratings for Black Knight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Knight and related companies with MarketBeat.com's FREE daily email newsletter.