Keybank National Association OH trimmed its position in shares of Black Knight Inc (NYSE:BKI) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,622 shares of the company’s stock after selling 634 shares during the period. Keybank National Association OH’s holdings in Black Knight were worth $434,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Private Capital Group LLC grew its holdings in Black Knight by 357.7% in the fourth quarter. Private Capital Group LLC now owns 714 shares of the company’s stock worth $32,000 after purchasing an additional 558 shares during the period. We Are One Seven LLC purchased a new stake in Black Knight in the fourth quarter worth about $52,000. Cerebellum GP LLC grew its holdings in Black Knight by 20.2% in the fourth quarter. Cerebellum GP LLC now owns 3,963 shares of the company’s stock worth $179,000 after purchasing an additional 667 shares during the period. Hotaling Investment Management LLC purchased a new stake in Black Knight in the fourth quarter worth about $208,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Black Knight in the third quarter worth about $210,000. 85.02% of the stock is owned by hedge funds and other institutional investors.
In other Black Knight news, CEO Anthony M. Jabbour acquired 22,140 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were acquired at an average price of $45.17 per share, for a total transaction of $1,000,063.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.40% of the stock is currently owned by corporate insiders.
A number of brokerages have weighed in on BKI. Zacks Investment Research cut shares of Black Knight from a “hold” rating to a “strong sell” rating in a report on Friday, November 2nd. Knight Equity began coverage on shares of Black Knight in a report on Thursday, November 29th. They issued a “positive” rating and a $44.94 price objective on the stock. Susquehanna Bancshares began coverage on shares of Black Knight in a report on Thursday, November 29th. They issued a “positive” rating and a $59.00 price objective on the stock. Deutsche Bank cut their price objective on shares of Black Knight from $59.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, January 7th. Finally, Wedbush cut their price objective on shares of Black Knight from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.60.
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About Black Knight
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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