Citadel Advisors LLC decreased its position in Black Knight Inc (NYSE:BKI) by 37.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 609,697 shares of the company’s stock after selling 366,500 shares during the quarter. Citadel Advisors LLC owned about 0.41% of Black Knight worth $32,649,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Employees Retirement System of Texas grew its holdings in Black Knight by 1.2% during the 1st quarter. Employees Retirement System of Texas now owns 124,000 shares of the company’s stock worth $5,840,000 after acquiring an additional 1,442 shares during the period. Signaturefd LLC lifted its position in Black Knight by 20.0% in the 1st quarter. Signaturefd LLC now owns 8,641 shares of the company’s stock valued at $407,000 after acquiring an additional 1,443 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Black Knight by 11.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 13,849 shares of the company’s stock valued at $742,000 after acquiring an additional 1,460 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Black Knight by 25.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,749 shares of the company’s stock valued at $365,000 after acquiring an additional 1,594 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its position in Black Knight by 10.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 17,632 shares of the company’s stock valued at $944,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Black Knight from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Saturday, July 14th. Barclays lifted their target price on shares of Black Knight from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 31st. Wedbush lifted their target price on shares of Black Knight from $50.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, June 18th. Wells Fargo & Co raised their price target on shares of Black Knight from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 31st. Finally, Knight Equity reiterated a “buy” rating and issued a $59.00 price objective on shares of Black Knight in a research note on Wednesday, July 11th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Black Knight currently has an average rating of “Buy” and an average price target of $55.45.
In other Black Knight news, insider William P. Foley II sold 977,000 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $51.68, for a total value of $50,491,360.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Massey sold 6,230 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $52.51, for a total transaction of $327,137.30. The disclosure for this sale can be found here. 14.40% of the stock is currently owned by company insiders.
Shares of NYSE:BKI opened at $53.70 on Friday. Black Knight Inc has a 12 month low of $41.10 and a 12 month high of $56.45. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The stock has a market cap of $8.08 billion, a PE ratio of 35.79, a PEG ratio of 2.21 and a beta of 0.79.
Black Knight (NYSE:BKI) last issued its earnings results on Monday, July 30th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. The firm had revenue of $276.60 million for the quarter, compared to the consensus estimate of $278.21 million. Black Knight had a net margin of 22.67% and a return on equity of 13.52%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. equities analysts anticipate that Black Knight Inc will post 1.61 earnings per share for the current year.
Black Knight Company Profile
Black Knight, Inc provides software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals primarily in the United States. It operates through two segments, Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions, including LoanSphere mortgage servicing platform, a software as a service application that automates loan servicing to the secondary mortgage market and investor reporting; and LoanSphere Bankruptcy and LoanSphere Foreclosure solutions, which are Web-based workflow information systems for managing and automating a range of workflow processes involving non-performing loans.
Recommended Story: NASDAQ
Receive News & Ratings for Black Knight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Knight and related companies with MarketBeat.com's FREE daily email newsletter.