Analysts Set Black Knight Inc (NYSE:BKI) Price Target at $60.97

Shares of Black Knight Inc (NYSE:BKI) have received a consensus recommendation of “Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $60.97.

Several research firms have recently weighed in on BKI. Zacks Investment Research cut First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Goldman Sachs Group restated a “buy” rating on shares of WPP in a research note on Monday, June 3rd. Deutsche Bank restated a “hold” rating and issued a GBX 1,775 ($23.19) price target on shares of in a research note on Wednesday, June 26th. Oppenheimer boosted their price target on Black Knight from $60.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Finally, Barclays boosted their price target on Black Knight from $56.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd.

In related news, Director Richard N. Massey sold 10,000 shares of Black Knight stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $60.19, for a total value of $601,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Anthony Orefice sold 23,529 shares of Black Knight stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $54.13, for a total value of $1,273,624.77. The disclosure for this sale can be found here. Insiders sold 301,529 shares of company stock valued at $18,196,645 in the last ninety days. 4.40% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of BKI. Bremer Bank National Association bought a new stake in shares of Black Knight in the first quarter worth $51,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Black Knight by 69.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,862 shares of the company’s stock worth $101,000 after acquiring an additional 762 shares during the period. Private Capital Group LLC grew its holdings in shares of Black Knight by 166.9% in the first quarter. Private Capital Group LLC now owns 1,906 shares of the company’s stock worth $104,000 after acquiring an additional 1,192 shares during the period. SG Americas Securities LLC bought a new stake in shares of Black Knight in the fourth quarter worth $110,000. Finally, Parallel Advisors LLC grew its holdings in shares of Black Knight by 22.0% in the first quarter. Parallel Advisors LLC now owns 2,310 shares of the company’s stock worth $126,000 after acquiring an additional 417 shares during the period. 86.70% of the stock is owned by institutional investors.

NYSE:BKI traded up $0.75 during trading hours on Friday, reaching $62.64. 498,301 shares of the company traded hands, compared to its average volume of 649,158. The firm has a 50-day moving average price of $59.78. The firm has a market capitalization of $9.39 billion, a PE ratio of 38.43, a P/E/G ratio of 2.38 and a beta of 0.68. Black Knight has a 1 year low of $42.30 and a 1 year high of $62.71. 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 posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.05. Black Knight had a return on equity of 13.64% and a net margin of 14.65%. The firm had revenue of $283.20 million during the quarter, compared to analysts’ expectations of $282.51 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. As a group, analysts anticipate that Black Knight will post 1.74 EPS for the current fiscal year.

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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Analyst Recommendations for Black Knight (NYSE:BKI)

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