Marshall Wace LLP Takes $6.78 Million Position in Black Knight Inc (BKI)
Marshall Wace LLP purchased a new stake in shares of Black Knight Inc (NYSE:BKI) in the second quarter, according to its most recent filing with the SEC. The firm purchased 126,673 shares of the company’s stock, valued at approximately $6,783,000. Marshall Wace LLP owned 0.08% of Black Knight at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Employees Retirement System of Texas lifted its position in shares of Black Knight by 1.2% during the 1st quarter. Employees Retirement System of Texas now owns 124,000 shares of the company’s stock valued at $5,840,000 after acquiring an additional 1,442 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Black Knight by 11.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 13,849 shares of the company’s stock valued at $742,000 after acquiring an additional 1,460 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Black Knight by 25.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,749 shares of the company’s stock valued at $365,000 after acquiring an additional 1,594 shares during the period. Xact Kapitalforvaltning AB lifted its position in shares of Black Knight by 10.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 17,632 shares of the company’s stock valued at $944,000 after acquiring an additional 1,600 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Black Knight during the 2nd quarter valued at approximately $101,000. Institutional investors own 87.24% of the company’s stock.
Shares of Black Knight stock opened at $53.70 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. Black Knight Inc has a 1 year low of $41.10 and a 1 year high of $56.45. The company has a market cap of $8.08 billion, a P/E ratio of 35.79, a P/E/G ratio of 2.21 and a beta of 0.79.
A number of equities research analysts have recently issued reports on BKI shares. Wedbush lifted their price target on shares of Black Knight from $50.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, June 18th. Piper Jaffray Companies lifted their price objective on Black Knight to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 19th. Knight Equity restated a “buy” rating and set a $59.00 price objective on shares of Black Knight in a research report on Wednesday, July 11th. Zacks Investment Research upgraded Black Knight from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Saturday, July 14th. Finally, Wells Fargo & Co lifted their price objective on Black Knight from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Black Knight currently has an average rating of “Buy” and a consensus target price of $55.45.
In related news, Director Richard N. Massey sold 6,230 shares of Black Knight stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $52.51, for a total transaction of $327,137.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William P. Foley II sold 977,000 shares of the business’s 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 disclosure for this sale can be found here. Insiders own 14.40% of the company’s stock.
About Black Knight
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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