D. E. Shaw & Co. Inc. Buys 223,654 Shares of Black Knight Inc (NYSE:BKI)

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D. E. Shaw & Co. Inc. boosted its stake in Black Knight Inc (NYSE:BKI) by 8.0% in the 2nd quarter, Holdings Channel reports. The firm owned 3,018,493 shares of the company’s stock after acquiring an additional 223,654 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Black Knight were worth $181,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerebellum GP LLC boosted its stake in Black Knight by 58.6% in the 1st quarter. Cerebellum GP LLC now owns 6,286 shares of the company’s stock worth $343,000 after purchasing an additional 2,323 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Black Knight by 4.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,286 shares of the company’s stock valued at $498,000 after buying an additional 372 shares in the last quarter. Natixis Advisors L.P. raised its holdings in shares of Black Knight by 13.2% during the 2nd quarter. Natixis Advisors L.P. now owns 211,553 shares of the company’s stock valued at $12,725,000 after buying an additional 24,677 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Black Knight by 4.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 757,211 shares of the company’s stock valued at $45,547,000 after buying an additional 28,805 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Black Knight by 22.9% during the 2nd quarter. CWM LLC now owns 204,940 shares of the company’s stock valued at $12,327,000 after buying an additional 38,210 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Shares of BKI traded down $0.43 during mid-day trading on Friday, hitting $61.51. 597,174 shares of the company’s stock traded hands, compared to its average volume of 716,261. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. Black Knight Inc has a 1 year low of $42.30 and a 1 year high of $64.48. The firm has a market capitalization of $9.33 billion, a P/E ratio of 37.74, a PEG ratio of 2.51 and a beta of 0.69. The business’s 50-day moving average price is $62.12 and its 200-day moving average price is $58.42.

Black Knight (NYSE:BKI) last posted its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $294.90 million for the quarter, compared to analysts’ expectations of $296.52 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. Sell-side analysts anticipate that Black Knight Inc will post 1.66 earnings per share for the current fiscal year.

A number of brokerages have commented on BKI. Oppenheimer lifted their price target on Black Knight from $60.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Zacks Investment Research cut Black Knight from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. SunTrust Banks set a $66.00 price target on Black Knight and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Piper Jaffray Companies set a $69.00 price target on Black Knight and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods set a $67.00 price target on Black Knight and gave the stock a “buy” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $63.09.

About Black Knight

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: Return on Investment (ROI)

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

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