Black Knight (NYSE:BKI) PT Lowered to $64.00 at JPMorgan Chase & Co.

Black Knight (NYSE:BKI) had its price objective decreased by JPMorgan Chase & Co. from $69.00 to $64.00 in a research report sent to investors on Thursday morning, Stock Target Advisor reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other brokerages have also recently issued reports on BKI. Zacks Investment Research cut Black Knight from a buy rating to a hold rating in a research report on Thursday. Compass Point set a $63.00 price objective on Black Knight and gave the company a buy rating in a research report on Wednesday, August 7th. SunTrust Banks set a $66.00 price objective on Black Knight and gave the company a buy rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods set a $67.00 price objective on Black Knight and gave the company a buy rating in a research report on Wednesday, August 7th. Finally, ValuEngine cut Black Knight from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Black Knight has a consensus rating of Buy and a consensus price target of $63.46.

NYSE:BKI traded down $0.30 on Thursday, hitting $56.66. The stock had a trading volume of 1,877,181 shares, compared to its average volume of 756,584. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.69. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. The business’s 50-day simple moving average is $61.56 and its two-hundred day simple moving average is $60.40. Black Knight has a 52-week low of $42.30 and a 52-week high of $64.80.

Black Knight (NYSE:BKI) last announced its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. The business had revenue of $299.10 million for the quarter, compared to analysts’ expectations of $299.16 million. Black Knight had a return on equity of 13.51% and a net margin of 13.71%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. As a group, equities research analysts anticipate that Black Knight will post 1.66 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of BKI. Massachusetts Financial Services Co. MA raised its stake in Black Knight by 238.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,341,941 shares of the company’s stock valued at $143,000,000 after purchasing an additional 1,650,391 shares during the period. Nuveen Asset Management LLC raised its stake in Black Knight by 12,488.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,381,297 shares of the company’s stock valued at $83,085,000 after purchasing an additional 1,370,324 shares during the period. Wells Fargo & Company MN raised its stake in Black Knight by 14.3% during the 2nd quarter. Wells Fargo & Company MN now owns 3,467,698 shares of the company’s stock valued at $208,583,000 after purchasing an additional 433,259 shares during the period. Peregrine Capital Management LLC bought a new stake in Black Knight during the 2nd quarter valued at approximately $21,766,000. Finally, King Luther Capital Management Corp raised its stake in Black Knight by 85.4% during the 2nd quarter. King Luther Capital Management Corp now owns 696,795 shares of the company’s stock valued at $41,912,000 after purchasing an additional 320,923 shares during the period. 88.17% of the stock is currently owned by institutional investors.

Black Knight Company Profile

Black Knight, Inc provides integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals in the United States. Its Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans that automates various areas of loan servicing; Bankruptcy / Foreclosure solutions for managing and automating a range of different workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors by automating billing and invoice process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.

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