Black Knight Inc (BKI) Shares Sold by Victory Capital Management Inc.

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Victory Capital Management Inc. lessened its stake in shares of Black Knight Inc (NYSE:BKI) by 18.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,612,129 shares of the company’s stock after selling 1,306,556 shares during the period. Black Knight comprises approximately 0.6% of Victory Capital Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Victory Capital Management Inc. owned approximately 3.76% of Black Knight worth $252,882,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Black Knight by 1.4% during the third quarter. Vanguard Group Inc. now owns 12,169,406 shares of the company’s stock valued at $632,201,000 after buying an additional 171,244 shares during the period. Vanguard Group Inc increased its holdings in Black Knight by 1.4% during the third quarter. Vanguard Group Inc now owns 12,169,406 shares of the company’s stock valued at $632,201,000 after buying an additional 171,244 shares during the period. FMR LLC increased its holdings in Black Knight by 3.4% during the third quarter. FMR LLC now owns 10,154,219 shares of the company’s stock valued at $527,512,000 after buying an additional 329,311 shares during the period. BlackRock Inc. increased its holdings in Black Knight by 1.5% during the third quarter. BlackRock Inc. now owns 6,006,928 shares of the company’s stock valued at $312,059,000 after buying an additional 86,744 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Black Knight by 10.9% during the third quarter. Bank of New York Mellon Corp now owns 1,223,123 shares of the company’s stock valued at $63,542,000 after buying an additional 120,458 shares during the period. 85.02% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the stock. Deutsche Bank cut their price target 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. Susquehanna Bancshares started coverage on shares of Black Knight in a report on Thursday, November 29th. They set a “positive” rating and a $59.00 price objective on the stock. Wedbush dropped 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. Compass Point dropped their price objective on shares of Black Knight from $58.00 to $55.50 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Finally, Zacks Investment Research downgraded shares of Black Knight from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $56.60.

In other news, CEO Anthony M. Jabbour acquired 22,140 shares of the firm’s stock in a transaction on Tuesday, December 4th. The stock was 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. Corporate insiders own 14.40% of the company’s stock.

NYSE BKI traded up $0.53 on Tuesday, reaching $51.08. 18,844 shares of the company’s stock traded hands, compared to its average volume of 602,139. The company has a market capitalization of $7.58 billion, a PE ratio of 38.62, a P/E/G ratio of 1.77 and a beta of 0.72. Black Knight Inc has a fifty-two week low of $42.30 and a fifty-two week high of $56.45. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.36 and a quick ratio of 1.36.

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Black Knight 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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