UBS Group AG increased its stake in Black Knight Financial Services, Inc. (NYSE:BKFS) by 172.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,354 shares of the technology company’s stock after buying an additional 10,347 shares during the period. UBS Group AG’s holdings in Black Knight Financial Services were worth $626,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of BKFS. Dimensional Fund Advisors LP increased its position in Black Knight Financial Services by 77.1% in the first quarter. Dimensional Fund Advisors LP now owns 88,305 shares of the technology company’s stock valued at $3,382,000 after buying an additional 38,434 shares during the period. Geode Capital Management LLC increased its position in Black Knight Financial Services by 3.2% in the first quarter. Geode Capital Management LLC now owns 179,819 shares of the technology company’s stock valued at $6,887,000 after buying an additional 5,548 shares during the period. Vanguard Group Inc. increased its position in Black Knight Financial Services by 2.9% in the first quarter. Vanguard Group Inc. now owns 1,869,170 shares of the technology company’s stock valued at $71,588,000 after buying an additional 52,750 shares during the period. Menta Capital LLC bought a new position in Black Knight Financial Services during the first quarter valued at approximately $237,000. Finally, Loomis Sayles & Co. L P increased its position in Black Knight Financial Services by 18.2% in the first quarter. Loomis Sayles & Co. L P now owns 107,109 shares of the technology company’s stock valued at $4,102,000 after buying an additional 16,502 shares during the period.
Shares of Black Knight Financial Services, Inc. (NYSE BKFS) opened at 41.40 on Friday. Black Knight Financial Services, Inc. has a 1-year low of $34.00 and a 1-year high of $43.70. The firm has a market capitalization of $2.77 billion, a PE ratio of 73.02 and a beta of 0.75. The stock has a 50 day moving average price of $41.59 and a 200 day moving average price of $39.44.
Black Knight Financial Services (NYSE:BKFS) last released its earnings results on Wednesday, July 19th. The technology company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Black Knight Financial Services had a return on equity of 8.29% and a net margin of 3.96%. The firm had revenue of $263.40 million during the quarter, compared to analysts’ expectations of $265.24 million. During the same period in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts anticipate that Black Knight Financial Services, Inc. will post $1.37 earnings per share for the current fiscal year.
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Several equities analysts recently commented on the company. BidaskClub downgraded Black Knight Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised Black Knight Financial Services from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $47.00 price target (up from $43.50) on shares of Black Knight Financial Services in a report on Friday, July 21st. Sidoti reaffirmed an “overweight” rating and set a $48.00 price target (up from $45.00) on shares of Black Knight Financial Services in a report on Friday, July 21st. Finally, Bank of America Corporation raised their price target on Black Knight Financial Services from $45.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Black Knight Financial Services has an average rating of “Buy” and a consensus target price of $46.00.
In other news, Director H. Lee Equity Fund Vi Thomas sold 750,000 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $41.90, for a total value of $31,425,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas J. Sanzone sold 30,000 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $39.17, for a total value of $1,175,100.00. Following the completion of the transaction, the chief executive officer now owns 871,990 shares of the company’s stock, valued at $34,155,848.30. The disclosure for this sale can be found here. Insiders sold a total of 870,000 shares of company stock valued at $36,167,700 over the last quarter. 30.91% of the stock is owned by corporate insiders.
Black Knight Financial Services Company Profile
Black Knight Financial Services, Inc is a holding company. The Company, through its subsidiaries, provides integrated technology, workflow automation, and data and analytics to the mortgage and real estate industries. The Company’s segments include Technology, and Data and Analytics. The Company’s Technology segment offers software and hosting solutions that support loan servicing, loan origination and settlement services.
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