BidaskClub upgraded shares of Black Knight Financial Services, Inc. (NYSE:BKFS) from a hold rating to a buy rating in a research note published on Friday morning.

Several other equities research analysts have also issued reports on BKFS. TheStreet upgraded shares of Black Knight Financial Services from a c rating to a b- rating in a research note on Friday, May 19th. Zacks Investment Research upgraded shares of Black Knight Financial Services from a hold rating to a buy rating and set a $44.00 price objective on the stock in a research note on Thursday, May 18th. Bank of America Corporation upped their price target on shares of Black Knight Financial Services from $45.00 to $47.00 and gave the company a buy rating in a research note on Thursday, July 20th. Knight Equity reiterated a hold rating on shares of Black Knight Financial Services in a research note on Wednesday, July 19th. Finally, Wells Fargo & Company reiterated an outperform rating and issued a $47.00 price target (up previously from $43.50) on shares of Black Knight Financial Services in a research note on Friday, July 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $46.00.

Shares of Black Knight Financial Services (NYSE BKFS) opened at 41.65 on Friday. Black Knight Financial Services has a 12 month low of $34.00 and a 12 month high of $43.70. The stock’s 50 day moving average price is $41.85 and its 200-day moving average price is $39.73. The firm has a market cap of $2.79 billion, a P/E ratio of 73.46 and a beta of 0.75.

Black Knight Financial Services (NYSE:BKFS) last announced its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. The company had revenue of $263.40 million for the quarter, compared to analysts’ expectations of $265.24 million. Black Knight Financial Services had a net margin of 3.96% and a return on equity of 8.29%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. Equities research analysts anticipate that Black Knight Financial Services will post $1.37 earnings per share for the current fiscal year.

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In other Black Knight Financial Services news, CEO Thomas J. Sanzone sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $38.67, for a total value of $1,160,100.00. Following the completion of the transaction, the chief executive officer now directly owns 871,990 shares in the company, valued at approximately $33,719,853.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 30.91% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. TD Asset Management Inc. boosted its position in shares of Black Knight Financial Services by 242.4% in the first quarter. TD Asset Management Inc. now owns 21,500 shares of the technology company’s stock valued at $823,000 after buying an additional 15,221 shares during the period. Karp Capital Management Corp acquired a new position in shares of Black Knight Financial Services during the first quarter valued at about $268,000. UBS Asset Management Americas Inc. acquired a new position in shares of Black Knight Financial Services during the first quarter valued at about $585,000. Forward Management LLC boosted its position in shares of Black Knight Financial Services by 3.7% in the first quarter. Forward Management LLC now owns 5,847 shares of the technology company’s stock valued at $224,000 after buying an additional 206 shares during the period. Finally, US Bancorp DE boosted its position in shares of Black Knight Financial Services by 59.6% in the first quarter. US Bancorp DE now owns 107,073 shares of the technology company’s stock valued at $4,101,000 after buying an additional 39,990 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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.

Analyst Recommendations for Black Knight Financial Services (NYSE:BKFS)

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