Global X Management Co LLC increased its position in shares of Black Knight Inc (NYSE:BKI) by 123.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,929 shares of the company’s stock after purchasing an additional 99,992 shares during the period. Global X Management Co LLC’s holdings in Black Knight were worth $9,689,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Senator Investment Group LP bought a new stake in shares of Black Knight during the 2nd quarter valued at $199,581,000. Amalgamated Bank increased its holdings in Black Knight by 28.3% in the 2nd quarter. Amalgamated Bank now owns 33,187 shares of the company’s stock valued at $1,777,000 after acquiring an additional 7,321 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in Black Knight by 41.0% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 5,670 shares of the company’s stock valued at $304,000 after acquiring an additional 1,650 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in Black Knight by 13.4% in the 1st quarter. State of Wisconsin Investment Board now owns 25,439 shares of the company’s stock valued at $1,198,000 after acquiring an additional 3,010 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Black Knight by 36.6% in the 1st quarter. Royal Bank of Canada now owns 63,500 shares of the company’s stock valued at $2,990,000 after acquiring an additional 17,008 shares during the last quarter. Hedge funds and other institutional investors own 87.23% of the company’s stock.

In other Black Knight news, insider William P. Foley II sold 977,000 shares of Black Knight stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $51.68, for a total value of $50,491,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Massey sold 6,230 shares of Black Knight stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $52.51, for a total transaction of $327,137.30. The disclosure for this sale can be found here. Company insiders own 14.40% of the company’s stock.

A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Black Knight from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Barclays lifted their price target on shares of Black Knight from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, July 31st. Wells Fargo & Co lifted their price target on shares of Black Knight from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, July 31st. Knight Equity reiterated a “buy” rating and issued a $59.00 price target on shares of Black Knight in a report on Wednesday, July 11th. Finally, Piper Jaffray Companies lifted their price target on shares of Black Knight to $65.00 and gave the company an “overweight” rating in a report on Tuesday, June 19th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Black Knight presently has a consensus rating of “Buy” and a consensus target price of $55.45.

Shares of NYSE BKI opened at $53.45 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 2.17 and a beta of 0.79. Black Knight Inc has a 52-week low of $41.10 and a 52-week high of $56.45.

Black Knight (NYSE:BKI) last issued its quarterly earnings data on Monday, July 30th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Black Knight had a net margin of 22.67% and a return on equity of 13.52%. The business had revenue of $276.60 million during the quarter, compared to analysts’ expectations of $278.21 million. During the same period last year, the company posted $0.35 EPS. The business’s revenue was up 5.5% on a year-over-year basis. equities analysts forecast that Black Knight Inc will post 1.61 earnings per share for the current year.

Black Knight Profile

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

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