Parallel Advisors LLC Acquires 565 Shares of Black Knight Inc (NYSE:BKI)

Parallel Advisors LLC boosted its holdings in shares of Black Knight Inc (NYSE:BKI) by 24.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,875 shares of the company’s stock after purchasing an additional 565 shares during the period. Parallel Advisors LLC’s holdings in Black Knight were worth $173,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Neuberger Berman Group LLC grew its holdings in Black Knight by 6,611.5% during the 1st quarter. Neuberger Berman Group LLC now owns 1,297,933 shares of the company’s stock worth $70,738,000 after acquiring an additional 1,278,594 shares during the period. FMR LLC grew its stake in Black Knight by 4.8% in the 1st quarter. FMR LLC now owns 13,929,493 shares of the company’s stock valued at $759,157,000 after buying an additional 637,148 shares in the last quarter. Peregrine Capital Management LLC bought a new position in Black Knight in the 2nd quarter valued at $21,766,000. Wells Fargo & Company MN boosted its holdings in Black Knight by 6.8% in the 1st quarter. Wells Fargo & Company MN now owns 3,034,439 shares of the company’s stock valued at $165,378,000 after purchasing an additional 193,435 shares during the period. Finally, Columbus Circle Investors bought a new position in Black Knight in the 2nd quarter valued at $10,984,000. Institutional investors own 89.32% of the company’s stock.

NYSE BKI opened at $62.73 on Friday. Black Knight Inc has a 52-week low of $42.30 and a 52-week high of $64.41. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $9.38 billion, a P/E ratio of 38.48, a P/E/G ratio of 2.55 and a beta of 0.69. The company has a fifty day moving average of $62.07 and a 200-day moving average of $56.98.

Black Knight (NYSE:BKI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. Black Knight had a net margin of 13.71% and a return on equity of 13.51%. The company had revenue of $294.90 million during the quarter, compared to the consensus estimate of $296.52 million. During the same period in the previous year, the firm posted $0.46 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, analysts forecast that Black Knight Inc will post 1.66 EPS for the current fiscal year.

Several research analysts have commented on the stock. Oppenheimer raised their price target on shares of Black Knight from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, June 7th. SunTrust Banks set a $66.00 price target on shares of Black Knight and gave the company a “buy” rating in a report on Wednesday, August 7th. Goldman Sachs Group raised shares of Black Knight from a “neutral” rating to a “buy” rating and raised their price target for the company from $58.00 to $68.00 in a report on Monday, June 3rd. Zacks Investment Research downgraded shares of Black Knight from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, Deutsche Bank set a $64.00 price target on shares of Black Knight and gave the company a “buy” rating in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $63.09.

In other news, insider William P. Foley II sold 250,000 shares of Black Knight stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $61.21, for a total transaction of $15,302,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $601,900.00. The disclosure for this sale can be found here. Insiders own 4.40% of the company’s stock.

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.

Recommended Story: Average Daily Trade Volume Explained

Want to see what other hedge funds are holding BKI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Black Knight Inc (NYSE:BKI).

Institutional Ownership by Quarter 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.