Black Knight, Inc. (NYSE:BKI) Stock Position Decreased by Oak Ridge Investments LLC

Oak Ridge Investments LLC trimmed its stake in Black Knight, Inc. (NYSE:BKI) by 12.1% during the first quarter, Holdings Channel reports. The fund owned 11,321 shares of the company’s stock after selling 1,553 shares during the quarter. Oak Ridge Investments LLC’s holdings in Black Knight were worth $838,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of BKI. Norges Bank acquired a new stake in Black Knight in the 4th quarter valued at approximately $129,001,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Black Knight by 6.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,689,848 shares of the company’s stock worth $1,562,898,000 after purchasing an additional 1,118,164 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Black Knight by 73.8% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,360,384 shares of the company’s stock worth $120,190,000 after purchasing an additional 577,567 shares in the last quarter. Thornburg Investment Management Inc. acquired a new stake in shares of Black Knight during the 4th quarter worth approximately $41,547,000. Finally, Vantage Investment Partners LLC grew its holdings in shares of Black Knight by 170.5% during the 1st quarter. Vantage Investment Partners LLC now owns 525,000 shares of the company’s stock worth $38,845,000 after purchasing an additional 330,908 shares in the last quarter. 89.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of Black Knight stock opened at $74.56 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.86. Black Knight, Inc. has a 12 month low of $68.33 and a 12 month high of $97.19. The business’s fifty day moving average is $73.35. The firm has a market capitalization of $11.68 billion, a PE ratio of 43.10, a PEG ratio of 4.20 and a beta of 0.71.

Black Knight (NYSE:BKI) last posted its earnings results on Thursday, May 6th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. Black Knight had a return on equity of 12.01% and a net margin of 20.66%. The firm had revenue of $349.10 million during the quarter, compared to analysts’ expectations of $341.04 million. During the same period in the previous year, the firm earned $0.47 earnings per share. The company’s revenue was up 20.1% on a year-over-year basis. As a group, research analysts predict that Black Knight, Inc. will post 2 earnings per share for the current fiscal year.

Several analysts have recently weighed in on BKI shares. Susquehanna Bancshares raised Black Knight to a “positive” rating and set a $100.00 price objective on the stock in a report on Wednesday, February 17th. Wedbush reiterated a “neutral” rating on shares of Black Knight in a research report on Tuesday, May 11th. Raymond James initiated coverage on Black Knight in a research report on Tuesday, April 13th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded Black Knight from a “sell” rating to a “hold” rating in a research report on Wednesday, April 28th. Finally, Barclays cut their price objective on Black Knight from $105.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, April 19th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $97.31.

In other news, CEO Anthony M. Jabbour acquired 13,900 shares of Black Knight stock in a transaction dated Wednesday, June 2nd. The stock was bought at an average cost of $71.77 per share, with a total value of $997,603.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Joseph M. Nackashi sold 13,500 shares of the company’s stock in a transaction dated Friday, May 7th. The stock was sold at an average price of $75.79, for a total value of $1,023,165.00. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Black Knight Company Profile

Black Knight, Inc provides integrated software, data, and analytics solutions in North America and Internationally. The Software Solutions segment offers software and hosting solutions comprising MSP, a software as a service application platform for mortgage and home equity loans; Bankruptcy/Foreclosure solutions for managing and automating a range of various workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors; Servicing Digital, a white-labeled mobile solution; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; Claims, an integrated solution which manages default-related claims 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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