CIBC World Markets Inc. acquired a new stake in shares of Black Knight Inc (NYSE:BKI) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,702 shares of the company’s stock, valued at approximately $583,000.
A number of other hedge funds have also recently bought and sold shares of BKI. FMR LLC grew its stake in shares of Black Knight by 30.9% in the fourth quarter. FMR LLC now owns 13,292,345 shares of the company’s stock worth $598,953,000 after acquiring an additional 3,138,126 shares during the last quarter. Vanguard Group Inc boosted its stake in Black Knight by 1.4% during the third quarter. Vanguard Group Inc now owns 12,169,406 shares of the company’s stock worth $632,201,000 after buying an additional 171,244 shares in the last quarter. BlackRock Inc. boosted its stake in Black Knight by 5.2% during the fourth quarter. BlackRock Inc. now owns 6,317,899 shares of the company’s stock worth $284,685,000 after buying an additional 310,971 shares in the last quarter. Lunia Capital LP acquired a new stake in Black Knight during the fourth quarter worth $5,757,000. Finally, D. E. Shaw & Co. Inc. boosted its stake in Black Knight by 2.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,314,044 shares of the company’s stock worth $104,271,000 after buying an additional 62,848 shares in the last quarter. 86.70% of the stock is owned by institutional investors.
Shares of Black Knight stock traded up $0.51 during trading on Monday, reaching $60.66. The company’s stock had a trading volume of 1,166,246 shares, compared to its average volume of 733,724. The stock has a 50-day moving average of $58.63. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $9.04 billion, a PE ratio of 37.21, a P/E/G ratio of 2.31 and a beta of 0.68. Black Knight Inc has a one year low of $42.30 and a one year high of $62.21.
In related news, COO Anthony Orefice sold 23,529 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $54.13, for a total value of $1,273,624.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider William P. Foley II sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $61.21, for a total value of $15,302,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 301,529 shares of company stock valued at $18,196,645 over the last 90 days. Corporate insiders own 4.40% of the company’s stock.
A number of research firms have weighed in on BKI. Zacks Investment Research upgraded shares of Black Knight from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. Deutsche Bank set a $64.00 price objective on Black Knight and gave the company a “buy” rating in a report on Wednesday, June 26th. Oppenheimer lifted their price objective on Black Knight from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Barclays lifted their price objective on Black Knight from $56.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Goldman Sachs Group raised Black Knight from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $58.00 to $68.00 in a report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $61.08.
About Black Knight
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.
Further Reading: Price-Sales Ratio
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