Insider Selling: Black Knight Inc (BKI) COO Sells 23,529 Shares of Stock

Black Knight Inc (NYSE:BKI) COO Anthony Orefice sold 23,529 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $54.13, for a total value of $1,273,624.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BKI stock traded up $0.29 during mid-day trading on Friday, reaching $54.61. 5,618 shares of the company’s stock were exchanged, compared to its average volume of 716,019. The company has a market capitalization of $8.15 billion, a P/E ratio of 33.49, a P/E/G ratio of 2.08 and a beta of 0.73. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.89. Black Knight Inc has a 12-month low of $42.30 and a 12-month high of $56.73.

Black Knight (NYSE:BKI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The company had revenue of $283.20 million for the quarter, compared to the consensus estimate of $282.51 million. Black Knight had a return on equity of 13.64% and a net margin of 14.65%. Black Knight’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 earnings per share. On average, research analysts predict that Black Knight Inc will post 1.76 earnings per share for the current fiscal year.

A number of brokerages have recently commented on BKI. Barclays upped their target price on Black Knight from $56.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Zacks Investment Research downgraded Black Knight from a “hold” rating to a “sell” rating in a research note on Wednesday. Compass Point restated a “buy” rating and issued a $59.75 target price (up previously from $55.50) on shares of Black Knight in a research note on Tuesday, February 19th. Finally, Knight Equity reiterated a “buy” rating and set a $55.00 price target on shares of Black Knight in a research report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Black Knight has an average rating of “Buy” and an average price target of $59.31.

Hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in Black Knight in the 4th quarter worth approximately $90,623,000. CWM LLC grew its stake in Black Knight by 18.3% during the fourth quarter. CWM LLC now owns 140,182 shares of the company’s stock worth $6,317,000 after buying an additional 21,691 shares in the last quarter. Teachers Advisors LLC grew its stake in Black Knight by 2.6% during the third quarter. Teachers Advisors LLC now owns 501,031 shares of the company’s stock worth $26,029,000 after buying an additional 12,491 shares in the last quarter. GAM Holding AG grew its stake in Black Knight by 15.1% during the fourth quarter. GAM Holding AG now owns 9,287 shares of the company’s stock worth $416,000 after buying an additional 1,217 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Black Knight by 5.2% during the fourth quarter. BlackRock Inc. now owns 6,317,899 shares of the company’s stock worth $284,685,000 after buying an additional 310,971 shares in the last quarter. Institutional investors own 89.13% of the company’s stock.

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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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