Crescent Grove Advisors LLC bought a new position in Black Knight Financial Services, Inc. (NYSE:BKFS) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 359,645 shares of the technology company’s stock, valued at approximately $14,727,000. Black Knight Financial Services makes up 4.2% of Crescent Grove Advisors LLC’s portfolio, making the stock its 4th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in Black Knight Financial Services by 10.1% in the first quarter. Victory Capital Management Inc. now owns 3,892,207 shares of the technology company’s stock worth $149,072,000 after buying an additional 358,044 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Black Knight Financial Services by 2.9% in the first quarter. Vanguard Group Inc. now owns 1,869,170 shares of the technology company’s stock worth $71,588,000 after buying an additional 52,750 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Black Knight Financial Services by 3.2% in the first quarter. Earnest Partners LLC now owns 755,444 shares of the technology company’s stock worth $28,934,000 after buying an additional 23,159 shares in the last quarter. Columbia Wanger Asset Management LLC bought a new position in shares of Black Knight Financial Services during the first quarter worth $25,557,000. Finally, Bank of America Corp DE boosted its position in shares of Black Knight Financial Services by 5.5% in the first quarter. Bank of America Corp DE now owns 666,192 shares of the technology company’s stock worth $25,514,000 after buying an additional 34,688 shares in the last quarter.

Shares of Black Knight Financial Services, Inc. (NYSE:BKFS) opened at 41.40 on Friday. The stock’s 50 day moving average price is $41.55 and its 200 day moving average price is $39.40. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 73.02 and a beta of 0.75. Black Knight Financial Services, Inc. has a one year low of $34.00 and a one year high of $43.70.

Black Knight Financial Services (NYSE:BKFS) last posted its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.33 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.33. The business had revenue of $263.40 million during the quarter, compared to the consensus estimate of $265.24 million. Black Knight Financial Services had a return on equity of 8.29% and a net margin of 3.96%. Black Knight Financial Services’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. Analysts expect that Black Knight Financial Services, Inc. will post $1.37 EPS for the current fiscal year.

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A number of brokerages recently weighed in on BKFS. BidaskClub raised Black Knight Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Zacks Investment Research raised Black Knight Financial Services from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Thursday, May 18th. Wells Fargo & Company reissued 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. Sidoti reissued an “overweight” rating and issued a $48.00 price target (up previously from $45.00) on shares of Black Knight Financial Services in a research note on Friday, July 21st. Finally, Knight Equity reissued a “hold” rating on shares of Black Knight Financial Services in a research note on Wednesday, July 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $46.00.

In related news, CEO Thomas J. Sanzone sold 30,000 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $39.17, for a total transaction of $1,175,100.00. Following the completion of the transaction, the chief executive officer now directly owns 871,990 shares in the company, valued at $34,155,848.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director H. Lee Equity Fund Vi Thomas sold 750,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $41.90, for a total value of $31,425,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 870,000 shares of company stock valued at $36,167,700. 30.91% of the stock is owned by corporate insiders.

About Black Knight Financial Services

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.

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Institutional Ownership by Quarter for Black Knight Financial Services (NYSE:BKFS)

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