Black Knight (NYSE:BKI) Trading 6.3% Higher After Better-Than-Expected Earnings

Black Knight Inc (NYSE:BKI)’s share price traded up 6.3% on Friday following a stronger than expected earnings report. The stock traded as high as $74.78 and last traded at $74.39, 2,079,910 shares changed hands during trading. An increase of 96% from the average session volume of 1,063,810 shares. The stock had previously closed at $70.00.

The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.13. The business had revenue of $300.20 million for the quarter, compared to analyst estimates of $299.98 million. Black Knight had a net margin of 13.02% and a return on equity of 13.43%.

Several research analysts have weighed in on BKI shares. Susquehanna Bancshares downgraded shares of Black Knight from a “positive” rating to a “neutral” rating and set a $67.00 price objective on the stock. in a report on Thursday, January 16th. Compass Point downgraded shares of Black Knight from a “buy” rating to a “neutral” rating and set a $61.00 price objective for the company. in a report on Friday, November 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a $66.00 price objective (up previously from $64.00) on shares of Black Knight in a report on Wednesday, December 18th. Knight Equity lowered shares of Black Knight from a “positive” rating to a “neutral” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Co raised their price objective on shares of Black Knight from $64.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Black Knight currently has a consensus rating of “Buy” and an average target price of $67.50.

Hedge funds have recently made changes to their positions in the company. BB&T Securities LLC boosted its stake in Black Knight by 2.8% in the 3rd quarter. BB&T Securities LLC now owns 15,401 shares of the company’s stock worth $935,000 after purchasing an additional 420 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Black Knight by 238.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,341,941 shares of the company’s stock worth $143,000,000 after purchasing an additional 1,650,391 shares in the last quarter. State Street Corp boosted its stake in Black Knight by 1.7% in the 3rd quarter. State Street Corp now owns 1,897,441 shares of the company’s stock worth $115,858,000 after purchasing an additional 30,886 shares in the last quarter. California State Teachers Retirement System boosted its stake in Black Knight by 1.7% in the 3rd quarter. California State Teachers Retirement System now owns 232,384 shares of the company’s stock worth $14,189,000 after purchasing an additional 3,798 shares in the last quarter. Finally, DNB Asset Management AS bought a new position in Black Knight in the 4th quarter worth about $1,097,000. Hedge funds and other institutional investors own 89.68% of the company’s stock.

The company has a market cap of $10.34 billion, a P/E ratio of 72.93, a PEG ratio of 2.66 and a beta of 0.66. The stock’s 50 day moving average is $66.08 and its 200-day moving average is $63.00. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.84.

About Black Knight (NYSE:BKI)

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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