Shares of Black Knight, Inc. (NYSE: BKI – Get a rating) have earned an average rating of “Hold” from the seven rating agencies that currently cover the company, reports MarketBeat.com. Four equity research analysts rated the stock with a hold rating and one issued a buy rating on the company. The 12-month average target price among brokers who have hedged the stock over the past year is $79.17.
Separately, Barclays lowered its price target on Black Knight shares from $80.00 to $74.00 and set an “overweight” rating on the stock in a Thursday, June 23 research note.
Institutional investors weigh in on Black Knight
Several hedge funds have recently changed their holdings in the company. Lazard Asset Management LLC bought a new position in Black Knight stock during Q4 worth approximately $29,000. The Canada Pension Plan Investment Board increased its holdings of Black Knight shares by 212.8% during the 1st quarter. The Canada Pension Plan Investment Board now owns 538 shares of the company worth $31,000 after acquiring 366 additional shares during the period. CWM LLC increased its equity stake in Black Knight by 78.2% during Q2. CWM LLC now owns 704 shares of the company worth $46,000 after acquiring 309 additional shares during the period. BI Asset Management Fondsmaeglerselskab AS bought a new position in Black Knight stock during Q1 worth approximately $60,000. Finally, Covestor Ltd bought a new position in Black Knight shares during Q4 worth approximately $63,000. 90.84% of the shares are held by institutional investors and hedge funds.
Dark Knight Price Performance
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NYSE BKI shares opened at $68.30 on Thursday. The stock has a market capitalization of $10.66 billion, a price/earnings ratio of 20.45, a PEG ratio of 2.75 and a beta of 0.62. Black Knight has a 52 week low of $52.00 and a 52 week high of $84.27. The company’s 50-day moving average price is $65.75 and its 200-day moving average price is $65.22. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt ratio of 1.09.
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 including MSP, a software-as-a-service application platform for mortgages, home equity loans and lines of credit; Servicing Digital, a web and mobile solution for consumers that provides easy access to personalized and timely information about their mortgages; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; and Empower, a loan origination system used by lenders to create mortgages, home equity loans and HELOCs.
Further reading
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