Black Knight Inc (NYSE:BKI) President Joseph M. Nackashi sold 18,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $56.59, for a total transaction of $1,018,620.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NYSE BKI opened at $56.87 on Wednesday. The company has a market capitalization of $8.43 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 2.17 and a beta of 0.73. Black Knight Inc has a 1 year low of $42.30 and a 1 year high of $57.07. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.24 and a quick ratio of 1.24.
Black Knight (NYSE:BKI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The business had revenue of $283.20 million during the quarter, compared to analyst estimates of $282.51 million. Black Knight had a net margin of 14.65% and a return on equity of 13.64%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. Analysts forecast that Black Knight Inc will post 1.74 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of BKI. JPMorgan Chase & Co. raised its holdings in Black Knight by 26.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 130,353 shares of the company’s stock valued at $6,771,000 after buying an additional 27,204 shares during the last quarter. Teachers Advisors LLC increased its position in Black Knight by 2.6% during the 3rd quarter. Teachers Advisors LLC now owns 501,031 shares of the company’s stock valued at $26,029,000 after purchasing an additional 12,491 shares during the period. TIAA CREF Investment Management LLC increased its position in Black Knight by 5.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 983,957 shares of the company’s stock valued at $51,117,000 after purchasing an additional 50,142 shares during the period. Morgan Stanley increased its position in Black Knight by 84.7% during the 3rd quarter. Morgan Stanley now owns 294,385 shares of the company’s stock valued at $15,293,000 after purchasing an additional 135,032 shares during the period. Finally, Vanguard Group Inc increased its position in Black Knight by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 12,169,406 shares of the company’s stock valued at $632,201,000 after purchasing an additional 171,244 shares during the period. Institutional investors and hedge funds own 86.27% of the company’s stock.
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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