Traders bought shares of Black Knight Inc (NYSE:BKI) on weakness during trading hours on Wednesday. $39.74 million flowed into the stock on the tick-up and $18.62 million flowed out of the stock on the tick-down, for a money net flow of $21.12 million into the stock. Of all equities tracked, Black Knight had the 33rd highest net in-flow for the day. Black Knight traded down ($0.05) for the day and closed at $48.95
Several equities research analysts have recently issued reports on BKI shares. Zacks Investment Research upgraded Black Knight from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, January 4th. Compass Point started coverage on Black Knight in a report on Wednesday, January 3rd. They set a “buy” rating and a $52.00 price objective on the stock. Knight Equity upgraded Black Knight from a “market perform” rating to a “buy” rating and raised their price objective for the stock from $42.00 to $52.00 in a report on Tuesday, January 2nd. Bank of America decreased their price objective on Black Knight from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, William Blair restated an “outperform” rating on shares of Black Knight in a report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $51.00.
The company has a market capitalization of $7,364.17, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.21 and a current ratio of 1.21.
In related news, Director H. Lee Equity Fund Vi Thomas sold 6,000,000 shares of Black Knight stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $46.41, for a total value of $278,460,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 30.78% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. purchased a new position in Black Knight in the fourth quarter valued at about $102,000. Duncker Streett & Co. Inc. purchased a new position in Black Knight in the fourth quarter valued at about $111,000. Hirtle Callaghan & Co LLC purchased a new position in Black Knight in the fourth quarter valued at about $115,000. First Bank & Trust purchased a new position in Black Knight in the fourth quarter valued at about $130,000. Finally, JFS Wealth Advisors LLC purchased a new position in Black Knight in the fourth quarter valued at about $131,000. Hedge funds and other institutional investors own 85.24% of the company’s stock.
Black Knight Company Profile
Black Knight, Inc 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.
Receive News & Ratings for Black Knight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Knight and related companies with MarketBeat.com's FREE daily email newsletter.