WINTON GROUP Ltd bought a new stake in Black Knight Inc (NYSE:BKI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,980 shares of the company’s stock, valued at approximately $420,000.
Several other hedge funds also recently made changes to their positions in BKI. Bremer Bank National Association purchased a new stake in shares of Black Knight in the first quarter valued at approximately $51,000. Northwestern Mutual Wealth Management Co. boosted its position in Black Knight by 69.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,862 shares of the company’s stock worth $101,000 after purchasing an additional 762 shares in the last quarter. Private Capital Group LLC boosted its position in Black Knight by 166.9% during the first quarter. Private Capital Group LLC now owns 1,906 shares of the company’s stock worth $104,000 after purchasing an additional 1,192 shares in the last quarter. Parallel Advisors LLC boosted its position in Black Knight by 22.0% during the first quarter. Parallel Advisors LLC now owns 2,310 shares of the company’s stock worth $126,000 after purchasing an additional 417 shares in the last quarter. Finally, First Bank & Trust boosted its position in Black Knight by 9.7% during the first quarter. First Bank & Trust now owns 2,961 shares of the company’s stock worth $161,000 after purchasing an additional 263 shares in the last quarter. Institutional investors own 87.00% of the company’s stock.
A number of analysts have commented on BKI shares. Deutsche Bank set a $64.00 target price on Black Knight and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Oppenheimer upped their target price on Black Knight from $60.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. Barclays upped their target price on Black Knight from $56.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Zacks Investment Research lowered Black Knight from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Finally, Goldman Sachs Group upgraded Black Knight from a “neutral” rating to a “buy” rating and upped their target price for the company from $58.00 to $68.00 in a research note on Monday, June 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $61.09.
Black Knight (NYSE:BKI) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.05. The company had revenue of $283.20 million during the quarter, compared to analyst estimates of $282.51 million. Black Knight had a return on equity of 13.64% and a net margin of 14.65%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. Equities research analysts forecast that Black Knight Inc will post 1.74 EPS for the current fiscal year.
In other Black Knight news, President Joseph M. Nackashi sold 18,000 shares of the company’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 disclosure for this sale can be found here. Insiders have sold 301,529 shares of company stock valued at $18,196,645 over the last 90 days. 4.40% of the stock is currently owned by insiders.
Black Knight 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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