Lee Capital Holdings LLC purchased a new stake in Black Knight, Inc. (NYSE:BKI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 38,610 shares of the company’s stock, valued at approximately $3,361,000. Black Knight comprises approximately 2.0% of Lee Capital Holdings LLC’s investment portfolio, making the stock its 19th largest holding.
A number of other hedge funds and other institutional investors have also modified their holdings of BKI. Marshall Wace LLP bought a new position in shares of Black Knight during the 1st quarter valued at approximately $200,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Black Knight by 9.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,184 shares of the company’s stock valued at $449,000 after buying an additional 551 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Black Knight by 3.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 21,604 shares of the company’s stock worth $1,568,000 after buying an additional 812 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in Black Knight in the 2nd quarter worth $190,000. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in Black Knight by 4.3% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 15,672 shares of the company’s stock valued at $1,137,000 after acquiring an additional 640 shares during the period. 85.27% of the stock is owned by hedge funds and other institutional investors.
In other Black Knight news, General Counsel Michael L. Gravelle sold 800 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $85.52, for a total value of $68,416.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 112,200 shares of company stock worth $9,490,596. Company insiders own 4.00% of the company’s stock.
A number of research analysts have recently commented on BKI shares. JPMorgan Chase & Co. upped their target price on Black Knight from $83.00 to $90.00 in a research note on Monday, August 17th. Barclays raised their target price on shares of Black Knight from $87.00 to $96.00 in a research note on Tuesday, November 10th. Deutsche Bank Aktiengesellschaft increased their price objective on Black Knight from $85.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. Bank of America assumed coverage on Black Knight in a research report on Tuesday, September 29th. They set a “buy” rating and a $97.00 target price on the stock. Finally, Knight Equity began coverage on Black Knight in a report on Tuesday, September 29th. They issued a “buy” rating and a $97.00 price target for the company. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $93.40.
NYSE:BKI traded up $0.66 on Monday, reaching $91.19. The stock had a trading volume of 6,728 shares, compared to its average volume of 848,947. Black Knight, Inc. has a 12-month low of $50.01 and a 12-month high of $97.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s fifty day moving average is $92.37 and its two-hundred day moving average is $81.18. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 59.95, a P/E/G ratio of 5.67 and a beta of 0.87.
Black Knight (NYSE:BKI) last announced its quarterly earnings results on Saturday, November 14th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $312.60 million during the quarter, compared to analysts’ expectations of $304.71 million. Black Knight had a net margin of 19.21% and a return on equity of 12.45%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. As a group, research analysts forecast that Black Knight, Inc. will post 1.82 earnings per share for the current fiscal year.
Black Knight Company Profile
Black Knight, Inc provides integrated software, data, and analytics solutions in the United States. The Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans; 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; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; Claims, an integrated solution which manages default-related claims process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.
Further Reading: Net Margin
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