Thompson Investment Management Inc. raised its position in Black Knight Inc (NYSE:BKI) by 9.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,449 shares of the company’s stock after purchasing an additional 1,569 shares during the period. Thompson Investment Management Inc.’s holdings in Black Knight were worth $951,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in BKI. Private Capital Group LLC boosted its holdings in Black Knight by 357.7% in the 4th quarter. Private Capital Group LLC now owns 714 shares of the company’s stock valued at $32,000 after purchasing an additional 558 shares during the period. We Are One Seven LLC bought a new position in Black Knight in the 4th quarter valued at $52,000. Bremer Trust National Association bought a new position in Black Knight in the 4th quarter valued at $61,000. Loeb Partners Corp bought a new position in Black Knight in the 4th quarter valued at $63,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Black Knight by 110.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,592 shares of the company’s stock valued at $72,000 after purchasing an additional 836 shares during the period. 89.32% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have commented on BKI. Knight Equity reissued a “buy” rating and issued a $55.00 price target on shares of Black Knight in a report on Wednesday, February 13th. Zacks Investment Research raised shares of Black Knight from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 16th. Deutsche Bank cut their price target on shares of Black Knight from $59.00 to $57.00 and set a “buy” rating for the company in a report on Monday, January 7th. Finally, Compass Point restated a “buy” rating and set a $59.75 price objective (up previously from $55.50) on shares of Black Knight in a research report on Tuesday, February 19th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.19.
Black Knight (NYSE:BKI) last released its quarterly earnings data on Wednesday, February 13th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. Black Knight had a net margin of 15.13% and a return on equity of 14.17%. The firm had revenue of $285.40 million for the quarter, compared to analysts’ expectations of $285.14 million. During the same quarter in the previous year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts anticipate that Black Knight Inc will post 1.76 EPS for the current year.
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.
Further Reading: Quiet Period
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