BBVA USA Bancshares Inc. decreased its holdings in shares of Black Knight Inc (NYSE:BKI) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,961 shares of the company’s stock after selling 349 shares during the period. BBVA USA Bancshares Inc.’s holdings in Black Knight were worth $1,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of BKI. Norges Bank bought a new stake in shares of Black Knight during the 4th quarter valued at $89,515,000. UBS Asset Management Americas Inc. grew its position in shares of Black Knight by 289.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 705,568 shares of the company’s stock valued at $45,495,000 after acquiring an additional 524,452 shares during the period. London Co. of Virginia grew its position in shares of Black Knight by 55.5% during the 1st quarter. London Co. of Virginia now owns 1,456,611 shares of the company’s stock valued at $84,571,000 after acquiring an additional 519,618 shares during the period. Swiss National Bank grew its position in shares of Black Knight by 54.8% during the 1st quarter. Swiss National Bank now owns 1,197,192 shares of the company’s stock valued at $69,509,000 after acquiring an additional 423,942 shares during the period. Finally, APG Asset Management N.V. grew its position in shares of Black Knight by 386.7% during the 1st quarter. APG Asset Management N.V. now owns 486,677 shares of the company’s stock valued at $28,256,000 after acquiring an additional 386,677 shares during the period. 89.51% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Kirk T. Larsen sold 30,700 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $72.47, for a total value of $2,224,829.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.40% of the company’s stock.
Shares of BKI stock opened at $73.13 on Thursday. The stock has a market cap of $10.84 billion, a P/E ratio of 82.17, a PEG ratio of 2.94 and a beta of 0.88. Black Knight Inc has a 52 week low of $50.01 and a 52 week high of $77.81. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.81. The company’s fifty day simple moving average is $72.63 and its two-hundred day simple moving average is $68.57.
Black Knight (NYSE:BKI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. Black Knight had a net margin of 11.16% and a return on equity of 13.80%. The business had revenue of $290.70 million for the quarter, compared to analysts’ expectations of $286.59 million. During the same quarter in the previous year, the company earned $0.44 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts anticipate that Black Knight Inc will post 1.64 EPS for the current fiscal year.
A number of brokerages have recently issued reports on BKI. Wells Fargo & Co boosted their price objective on shares of Black Knight from $80.00 to $85.00 in a research report on Wednesday, May 6th. Deutsche Bank lifted their target price on shares of Black Knight from $71.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. TheStreet upgraded shares of Black Knight from a “c+” rating to a “b+” rating in a research note on Tuesday, May 5th. Oppenheimer started coverage on shares of Black Knight in a research note on Tuesday, May 5th. They set a “buy” rating and a $78.00 target price on the stock. Finally, Zacks Investment Research cut shares of Black Knight from a “buy” rating to a “hold” rating in a research note on Thursday, July 16th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. Black Knight currently has a consensus rating of “Hold” and a consensus price target of $74.10.
Black Knight 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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