Several brokerages have updated their recommendations and price targets on shares of Black Knight Financial Services (NYSE: BKFS) in the last few weeks:

  • 8/9/2017 – Black Knight Financial Services was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/4/2017 – Black Knight Financial Services was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Black Knight Financial Services, Inc. offers integrated technology, workflow automation and data and analytics to the mortgage industry through its subsidiaries. It operating segments consists of Technology and Data and Analytics. Technology segment offers software and hosting solutions. Data and Analytics segment offers solutions support its technology products in the mortgage, real estate and capital markets industries. Black Knight Financial Services, Inc. is based in Jackonsville, United States. “
  • 7/25/2017 – Black Knight Financial Services was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/24/2017 – Black Knight Financial Services was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Black Knight Financial Services, Inc. offers integrated technology, workflow automation and data and analytics to the mortgage industry through its subsidiaries. It operating segments consists of Technology and Data and Analytics. Technology segment offers software and hosting solutions. Data and Analytics segment offers solutions support its technology products in the mortgage, real estate and capital markets industries. Black Knight Financial Services, Inc. is based in Jackonsville, United States. “
  • 7/21/2017 – Black Knight Financial Services had its “overweight” rating reaffirmed by analysts at Sidoti. They now have a $48.00 price target on the stock, up previously from $45.00.
  • 7/21/2017 – Black Knight Financial Services had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $47.00 price target on the stock, up previously from $43.50.
  • 7/20/2017 – Black Knight Financial Services had its price target raised by analysts at Bank of America Corporation from $45.00 to $47.00. They now have a “buy” rating on the stock.
  • 7/19/2017 – Black Knight Financial Services had its “hold” rating reaffirmed by analysts at Knight Equity. They wrote, “BKFS reported modest upside 2Q17 results, although revenue growth fell modestly shy of expectations. Adj. EPS was $0.35 (vs. our/Street’s $0.32/$0.33 ests.). Technology Services growth was somewhat soft at ~3% Y/Y (vs. our 5% estimate), while adjusted D&A growth of 17.5% surprised to the upside. EBITDA margin of 47.9% vs our 46.9%E drove the upside earnings. Despite the upside EPS BKFS maintained its FY17 guidance which anticipates 10-12% EBITDA growth, and EPS of $1.34-$1.38. Notably, BKFS converted ~1M loans within JPM’s HELOC portfolio, and maintains significant MSP and Empower backlogs.””
  • 7/1/2017 – Black Knight Financial Services was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/24/2017 – Black Knight Financial Services was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/16/2017 – Black Knight Financial Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Black Knight Financial Services, Inc. offers integrated technology, workflow automation and data and analytics to the mortgage industry through its subsidiaries. It operating segments consists of Technology and Data and Analytics. Technology segment offers software and hosting solutions. Data and Analytics segment offers solutions support its technology products in the mortgage, real estate and capital markets industries. Black Knight Financial Services, Inc. is based in Jackonsville, United States. “

Black Knight Financial Services, Inc. (NYSE BKFS) opened at 41.05 on Thursday. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 72.40 and a beta of 0.75. The firm has a 50-day moving average price of $41.29 and a 200-day moving average price of $39.21. Black Knight Financial Services, Inc. has a 1-year low of $34.00 and a 1-year high of $43.70.

Black Knight Financial Services (NYSE:BKFS) last released its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The company had revenue of $263.40 million during 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 firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. On average, analysts expect that Black Knight Financial Services, Inc. will post $1.37 earnings per share for the current fiscal year.

In related news, COO Anthony Orefice sold 30,000 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the completion of the sale, the chief operating officer now owns 121,173 shares of the company’s stock, valued at $4,665,160.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director H. Lee Equity Fund Vi Thomas sold 750,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $41.90, for a total transaction of $31,425,000.00. The disclosure for this sale can be found here. Insiders sold a total of 870,000 shares of company stock valued at $36,167,700 in the last ninety days. Corporate insiders own 30.91% of the company’s stock.

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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