126,673 Shares in Black Knight Inc (BKI) Acquired by Marshall Wace LLP

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Marshall Wace LLP acquired a new stake in shares of Black Knight Inc (NYSE:BKI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 126,673 shares of the company’s stock, valued at approximately $6,783,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Employees Retirement System of Texas grew its stake in shares of Black Knight by 1.2% during the 1st quarter. Employees Retirement System of Texas now owns 124,000 shares of the company’s stock valued at $5,840,000 after buying an additional 1,442 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Black Knight by 11.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 13,849 shares of the company’s stock valued at $742,000 after buying an additional 1,460 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Black Knight by 25.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,749 shares of the company’s stock valued at $365,000 after buying an additional 1,594 shares during the period. Xact Kapitalforvaltning AB grew its stake in shares of Black Knight by 10.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 17,632 shares of the company’s stock valued at $944,000 after buying an additional 1,600 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Black Knight during the 2nd quarter valued at $101,000. 87.24% of the stock is owned by institutional investors.

Shares of Black Knight stock opened at $53.70 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. Black Knight Inc has a twelve month low of $41.10 and a twelve month high of $56.45. The firm has a market cap of $8.08 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 2.21 and a beta of 0.79.

Black Knight (NYSE:BKI) last announced its quarterly earnings results on Monday, July 30th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Black Knight had a net margin of 22.67% and a return on equity of 13.52%. The firm had revenue of $276.60 million during the quarter, compared to analysts’ expectations of $278.21 million. During the same period in the prior year, the company earned $0.35 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. sell-side analysts expect that Black Knight Inc will post 1.61 earnings per share for the current year.

In related news, insider William P. Foley II sold 977,000 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $51.68, for a total transaction of $50,491,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Massey sold 6,230 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $52.51, for a total transaction of $327,137.30. The disclosure for this sale can be found here. 14.40% of the stock is currently owned by corporate insiders.

Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Black Knight from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Saturday, July 14th. Barclays boosted their price objective on shares of Black Knight from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, July 31st. Wedbush boosted their price objective on shares of Black Knight from $50.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, June 18th. Wells Fargo & Co boosted their price objective on shares of Black Knight from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, July 31st. Finally, Knight Equity reissued a “buy” rating and set a $59.00 price objective on shares of Black Knight in a research note on Wednesday, July 11th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $55.45.

Black Knight Company Profile

Black Knight, Inc provides software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals primarily in the United States. It operates through two segments, Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions, including LoanSphere mortgage servicing platform, a software as a service application that automates loan servicing to the secondary mortgage market and investor reporting; and LoanSphere Bankruptcy and LoanSphere Foreclosure solutions, which are Web-based workflow information systems for managing and automating a range of workflow processes involving non-performing loans.

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Institutional Ownership by Quarter for Black Knight (NYSE:BKI)

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