Swiss National Bank Increases Holdings in Black Knight Inc (NYSE:BKI)

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Swiss National Bank lifted its position in Black Knight Inc (NYSE:BKI) by 2.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 265,200 shares of the company’s stock after purchasing an additional 6,500 shares during the quarter. Swiss National Bank’s holdings in Black Knight were worth $15,952,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Aperio Group LLC raised its stake in shares of Black Knight by 0.9% in the second quarter. Aperio Group LLC now owns 20,789 shares of the company’s stock worth $1,251,000 after purchasing an additional 195 shares during the last quarter. Strs Ohio raised its stake in shares of Black Knight by 4.4% in the second quarter. Strs Ohio now owns 8,580 shares of the company’s stock worth $516,000 after purchasing an additional 359 shares during the last quarter. Keybank National Association OH raised its stake in shares of Black Knight by 3.8% in the first quarter. Keybank National Association OH now owns 9,984 shares of the company’s stock worth $544,000 after purchasing an additional 362 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Black Knight by 4.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,286 shares of the company’s stock worth $498,000 after purchasing an additional 372 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Black Knight by 3.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 12,582 shares of the company’s stock worth $685,000 after purchasing an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Shares of BKI opened at $62.73 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.85. Black Knight Inc has a 12 month low of $42.30 and a 12 month high of $64.41. The stock’s 50 day moving average is $62.07 and its two-hundred day moving average is $56.98. The firm has a market cap of $9.38 billion, a P/E ratio of 38.48, a PEG ratio of 2.55 and a beta of 0.69.

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

BKI has been the topic of several analyst reports. Compass Point set a $63.00 target price on Black Knight and gave the stock a “buy” rating in a report on Wednesday, August 7th. Barclays raised their target price on Black Knight from $56.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Deutsche Bank set a $64.00 target price on Black Knight and gave the stock a “buy” rating in a report on Wednesday, June 26th. Zacks Investment Research lowered Black Knight from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, Piper Jaffray Companies set a $69.00 target price on Black Knight and gave the stock a “buy” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $63.09.

In other news, Director Richard N. Massey sold 10,000 shares of Black Knight stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $60.19, for a total value of $601,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William P. Foley II sold 250,000 shares of Black Knight stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $61.21, for a total value of $15,302,500.00. The disclosure for this sale can be found here. Insiders own 4.40% of the company’s stock.

Black Knight Company 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.

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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)

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