Black Knight, Inc. (NYSE: BKI) Receives Consensus “Hold” Recommendation From Brokerages
Shares of Black Knight, Inc. (NYSE:BKI – Get Rating) have earned an average rating of “Hold” from the seven rating agencies that currently cover the company, MarketBeat.com reports. Four equity research analysts rated the stock with a hold rating and one issued a buy rating on the company. The 12-month average target price among brokers who have hedged the stock over the past year is $79.17.
Separately, Barclays lowered its price target on Black Knight shares from $80.00 to $74.00 and set an “overweight” rating on the stock in a Thursday, June 23 research note.
Institutional investors weigh in on Black Knight
Several hedge funds have recently changed their holdings in the company. Lazard Asset Management LLC bought a new position in Black Knight stock during Q4 worth approximately $29,000. The Canada Pension Plan Investment Board increased its holdings of Black Knight shares by 212.8% during the 1st quarter. The Canada Pension Plan Investment Board now owns 538 shares of the company worth $31,000 after acquiring 366 additional shares during the period. CWM LLC increased its equity stake in Black Knight by 78.2% during Q2. CWM LLC now owns 704 shares of the company worth $46,000 after acquiring 309 additional shares during the period. BI Asset Management Fondsmaeglerselskab AS bought a new position in Black Knight stock during Q1 worth approximately $60,000. Finally, Covestor Ltd bought a new position in Black Knight shares during Q4 worth approximately $63,000. 90.84% of the shares are held by institutional investors and hedge funds.
Dark Knight Price Performance
NYSE BKI shares opened at $68.30 on Thursday. The stock has a market capitalization of $10.66 billion, a price/earnings ratio of 20.45, a PEG ratio of 2.75 and a beta of 0.62. Black Knight has a 52 week low of $52.00 and a 52 week high of $84.27. The company’s 50-day moving average price is $65.75 and its 200-day moving average price is $65.22. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt ratio of 1.09.
Black Knight Company Profile
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Black Knight, Inc provides integrated software, data and analytics solutions in North America and internationally. The Software Solutions segment offers software and hosting solutions including MSP, a software-as-a-service application platform for mortgages, home equity loans and lines of credit; Servicing Digital, a web and mobile solution for consumers that provides easy access to personalized and timely information about their mortgages; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; and Empower, a loan origination system used by lenders to create mortgages, home equity loans and HELOCs.
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