JPMorgan Chase & Co. Lowers Black Knight (NYSE:BKI) Price Target to $64.00

Black Knight (NYSE:BKI) had its price target cut by JPMorgan Chase & Co. from $69.00 to $64.00 in a research note published on Thursday, Stock Target Advisor reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also recently issued reports on BKI. Zacks Investment Research cut Black Knight from a buy rating to a hold rating in a report on Thursday. Compass Point set a $63.00 price objective on Black Knight and gave the company a buy rating in a report on Wednesday, August 7th. ValuEngine cut Black Knight from a buy rating to a hold rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods set a $67.00 price objective on Black Knight and gave the company a buy rating in a report on Wednesday, August 7th. Finally, Piper Jaffray Companies set a $69.00 price objective on Black Knight and gave the company a buy rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $63.46.

BKI traded down $0.30 during trading hours on Thursday, reaching $56.66. 1,877,181 shares of the company’s stock traded hands, compared to its average volume of 756,584. The firm has a 50-day moving average price of $61.56 and a 200 day moving average price of $60.40. Black Knight has a 52-week low of $42.30 and a 52-week high of $64.80. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $8.49 billion, a PE ratio of 34.76, a PEG ratio of 2.50 and a beta of 0.69.

Black Knight (NYSE:BKI) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. Black Knight had a return on equity of 13.51% and a net margin of 13.71%. The company had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $299.16 million. During the same quarter in the previous year, the business earned $0.48 EPS. Black Knight’s revenue was up 6.2% compared to the same quarter last year. Equities analysts predict that Black Knight will post 1.66 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Black Knight by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 13,037,631 shares of the company’s stock worth $784,213,000 after buying an additional 319,737 shares during the period. BlackRock Inc. lifted its holdings in shares of Black Knight by 2.6% in the 2nd quarter. BlackRock Inc. now owns 6,500,304 shares of the company’s stock worth $390,995,000 after buying an additional 166,867 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Black Knight by 14.3% in the 2nd quarter. Wells Fargo & Company MN now owns 3,467,698 shares of the company’s stock worth $208,583,000 after buying an additional 433,259 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Black Knight by 8.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,018,493 shares of the company’s stock worth $181,562,000 after buying an additional 223,654 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Black Knight by 238.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,341,941 shares of the company’s stock worth $143,000,000 after buying an additional 1,650,391 shares during the period. Institutional investors and hedge funds own 88.17% 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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