Marshall Wace North America L.P. Invests $191,000 in Black Knight Inc (NYSE:BKI)

Marshall Wace North America L.P. bought a new position in Black Knight Inc (NYSE:BKI) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,496 shares of the company’s stock, valued at approximately $191,000.

Other hedge funds have also recently modified their holdings of the company. Bremer Bank National Association bought a new stake in shares of Black Knight in the first quarter worth about $51,000. Bremer Trust National Association bought a new stake in shares of Black Knight in the fourth quarter worth about $61,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Black Knight by 69.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,862 shares of the company’s stock worth $101,000 after purchasing an additional 762 shares during the last quarter. Hanson McClain Inc. increased its holdings in shares of Black Knight by 64.9% in the fourth quarter. Hanson McClain Inc. now owns 1,905 shares of the company’s stock worth $86,000 after purchasing an additional 750 shares during the last quarter. Finally, Private Capital Group LLC increased its holdings in shares of Black Knight by 166.9% in the first quarter. Private Capital Group LLC now owns 1,906 shares of the company’s stock worth $104,000 after purchasing an additional 1,192 shares during the last quarter. 86.75% of the stock is currently owned by hedge funds and other institutional investors.

In other Black Knight news, Director Richard N. Massey sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $60.19, for a total transaction of $601,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Joseph M. Nackashi sold 18,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $56.59, for a total value of $1,018,620.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 301,529 shares of company stock valued at $18,196,645. 4.40% of the stock is owned by company insiders.

Shares of NYSE BKI traded down $0.73 during trading hours on Friday, reaching $61.92. The stock had a trading volume of 464,944 shares, compared to its average volume of 628,960. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.89. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 37.99, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68. The company has a fifty day moving average price of $60.55. Black Knight Inc has a 52-week low of $42.30 and a 52-week high of $63.00.

Black Knight (NYSE:BKI) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $283.20 million during the quarter, compared to analyst estimates of $282.51 million. Black Knight had a return on equity of 13.64% and a net margin of 14.65%. Black Knight’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. As a group, equities research analysts anticipate that Black Knight Inc will post 1.74 EPS for the current year.

BKI has been the topic of several analyst reports. Oppenheimer boosted their price objective on Black Knight from $60.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Deutsche Bank reissued a “hold” rating and set a GBX 1,775 ($23.19) price objective on shares of in a research note on Wednesday, June 26th. Zacks Investment Research cut First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Barclays boosted their price objective on Black Knight from $56.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, Goldman Sachs Group reissued a “buy” rating on shares of WPP in a research note on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $60.97.

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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Institutional Ownership by Quarter for Black Knight (NYSE:BKI)

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