November 10, 2019 at 6:56 pm

Black Knight (NYSE:BKI) Downgraded by Zacks Investment Research to Hold

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Zacks Investment Research downgraded shares of Black Knight (NYSE:BKI) from a buy rating to a hold rating in a report issued on Thursday morning, Zacks.com reports.

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According to Zacks, “Black Knight, Inc. engages in the provision of integrated technology, workflow automation and data and analytics to the mortgage and real estate industries, through its subsidiaries. It operates through the Technology and Data and Analytics business segments. Technology segment offers software and hosting solutions which support loan servicing, loan origination and settlement services. Data and Analytics segment provides property ownership data, lien data, servicing data, automated valuation models, collateral risk scores, prepayment and default models, lead generation and other data solutions. Black Knight Inc., formerly known as Black Knight Financial Services Inc., is headquartered in Jacksonville, FL. “

Other equities analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods set a $67.00 price target on shares of Black Knight and gave the company a buy rating in a report on Wednesday, August 7th. Compass Point set a $63.00 price target on shares of Black Knight and gave the company a buy rating in a report on Wednesday, August 7th. SunTrust Banks set a $66.00 price target on shares of Black Knight and gave the company a buy rating in a report on Wednesday, August 7th. ValuEngine downgraded shares of Black Knight from a buy rating to a hold rating in a report on Wednesday, October 2nd. Finally, Piper Jaffray Companies set a $69.00 price target on shares of Black Knight and gave the company a buy rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Black Knight has a consensus rating of Buy and an average target price of $63.46.

Shares of BKI traded down $0.30 during trading hours on Thursday, reaching $56.66. The company had a trading volume of 1,877,181 shares, compared to its average volume of 756,584. The firm has a 50 day simple moving average of $61.56 and a 200-day simple moving average of $60.40. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 2.50 and a beta of 0.69. Black Knight has a 12-month low of $42.30 and a 12-month high of $64.80.

Black Knight (NYSE:BKI) last announced its quarterly earnings results 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. The business had revenue of $299.10 million during the quarter, compared to the consensus estimate of $299.16 million. Black Knight had a net margin of 13.71% and a return on equity of 13.51%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. Sell-side analysts forecast that Black Knight will post 1.66 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC increased its holdings in Black Knight by 78.5% during the 3rd quarter. Signaturefd LLC now owns 407 shares of the company’s stock valued at $25,000 after acquiring an additional 179 shares in the last quarter. Aperio Group LLC increased its holdings in Black Knight by 0.9% during the 2nd quarter. Aperio Group LLC now owns 20,789 shares of the company’s stock valued at $1,251,000 after acquiring an additional 195 shares in the last quarter. M&T Bank Corp increased its holdings in Black Knight by 1.7% during the 2nd quarter. M&T Bank Corp now owns 13,835 shares of the company’s stock valued at $833,000 after acquiring an additional 226 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Black Knight by 2.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,907 shares of the company’s stock valued at $775,000 after acquiring an additional 325 shares in the last quarter. Finally, Strs Ohio increased its holdings in Black Knight by 4.4% during the 2nd quarter. Strs Ohio now owns 8,580 shares of the company’s stock valued at $516,000 after acquiring an additional 359 shares in the last quarter. Hedge funds and other institutional investors 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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