Prudential Financial Inc. Sells 250 Shares of Black Knight Inc (NYSE:BKI)

Prudential Financial Inc. lowered its position in shares of Black Knight Inc (NYSE:BKI) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,318 shares of the company’s stock after selling 250 shares during the period. […]

Prudential Financial Inc. lowered its position in shares of Black Knight Inc (NYSE:BKI) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,318 shares of the company’s stock after selling 250 shares during the period. Prudential Financial Inc.’s holdings in Black Knight were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in BKI. London Co. of Virginia increased its position in shares of Black Knight by 55.5% during the first quarter. London Co. of Virginia now owns 1,456,611 shares of the company’s stock valued at $84,571,000 after acquiring an additional 519,618 shares in the last quarter. Swiss National Bank grew its position in Black Knight by 54.8% in the 1st quarter. Swiss National Bank now owns 1,197,192 shares of the company’s stock worth $69,509,000 after purchasing an additional 423,942 shares during the period. APG Asset Management N.V. grew its position in Black Knight by 386.7% in the 1st quarter. APG Asset Management N.V. now owns 486,677 shares of the company’s stock worth $28,256,000 after purchasing an additional 386,677 shares during the period. Massachusetts Financial Services Co. MA grew its position in Black Knight by 8.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,536,539 shares of the company’s stock worth $205,332,000 after purchasing an additional 282,538 shares during the period. Finally, Invesco Ltd. grew its position in Black Knight by 26.2% in the 1st quarter. Invesco Ltd. now owns 1,331,949 shares of the company’s stock worth $77,333,000 after purchasing an additional 276,421 shares during the period. 89.67% of the stock is owned by institutional investors.

Shares of BKI stock opened at $86.21 on Thursday. Black Knight Inc has a 1 year low of $50.01 and a 1 year high of $87.31. The firm has a fifty day moving average price of $80.09 and a 200-day moving average price of $71.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market cap of $13.54 billion, a price-to-earnings ratio of 91.71, a PEG ratio of 8.05 and a beta of 0.92.

Black Knight (NYSE:BKI) last released its earnings results on Monday, August 10th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. Black Knight had a net margin of 11.78% and a return on equity of 13.13%. The company had revenue of $293.10 million for the quarter, compared to analysts’ expectations of $290.38 million. During the same quarter in the previous year, the company earned $0.49 EPS. Black Knight’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts expect that Black Knight Inc will post 1.73 EPS for the current year.

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Black Knight from $83.00 to $90.00 in a research report on Monday, August 17th. Stephens lifted their target price on shares of Black Knight from $88.00 to $100.00 in a research report on Tuesday, August 11th. Oppenheimer lifted their target price on shares of Black Knight from $78.00 to $85.00 in a research report on Tuesday, August 25th. Zacks Investment Research downgraded shares of Black Knight from a “buy” rating to a “hold” rating in a research report on Thursday, August 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Black Knight from $85.00 to $100.00 in a research report on Tuesday, August 11th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Black Knight currently has an average rating of “Hold” and an average target price of $83.30.

About Black Knight

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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Institutional Ownership by Quarter for Black Knight (NYSE:BKI)

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