Natixis acquired a new stake in shares of Black Knight Inc (NYSE:BKI) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 29,993 shares of the company’s stock, valued at approximately $1,413,000.
A number of other institutional investors have also recently bought and sold shares of BKI. Lee Thomas H Partners LP bought a new stake in Black Knight during the 4th quarter valued at approximately $1,236,041,000. BlackRock Inc. bought a new stake in shares of Black Knight in the 4th quarter worth approximately $195,204,000. Goldman Sachs Group Inc. bought a new stake in shares of Black Knight in the 4th quarter worth approximately $132,010,000. Veritas Asset Management LLP bought a new stake in shares of Black Knight in the 1st quarter worth approximately $129,355,000. Finally, Wells Fargo & Company MN bought a new stake in shares of Black Knight in the 4th quarter worth approximately $83,681,000. 84.73% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on BKI. Wedbush boosted their price target on Black Knight from $50.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, June 18th. Deutsche Bank boosted their price target on Black Knight to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, May 8th. ValuEngine raised Black Knight from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research cut Black Knight from a “buy” rating to a “sell” rating in a research report on Thursday, May 10th. Finally, Piper Jaffray Companies boosted their price target on Black Knight to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $53.40.
Black Knight (NYSE:BKI) last announced its quarterly earnings data on Monday, May 7th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Black Knight had a net margin of 19.83% and a return on equity of 12.81%. The company had revenue of $271.20 million during the quarter, compared to analyst estimates of $267.88 million. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. sell-side analysts expect that Black Knight Inc will post 1.67 earnings per share for the current fiscal year.
About Black Knight
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.
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