Black Knight Inc (NYSE:BKI) Chairman William P. Foley II sold 250,000 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $53.57, for a total value of $13,392,500.00. Following the completion of the transaction, the chairman now directly owns 4,495,734 shares of the company’s stock, valued at approximately $240,836,470.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Black Knight stock traded up $5.40 on Thursday, reaching $58.75. 1,420,495 shares of the company were exchanged, compared to its average volume of 1,116,747. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day moving average is $66.49 and its two-hundred day moving average is $63.77. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 71.65, a P/E/G ratio of 2.12 and a beta of 0.61. Black Knight Inc has a 1-year low of $50.01 and a 1-year high of $76.44.
Black Knight (NYSE:BKI) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. The business had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $299.98 million. Black Knight had a return on equity of 13.77% and a net margin of 10.31%. As a group, sell-side analysts forecast that Black Knight Inc will post 1.73 earnings per share for the current year.
Several brokerages have issued reports on BKI. Keefe, Bruyette & Woods cut Black Knight from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $72.00 to $80.00 in a research note on Thursday, February 20th. SunTrust Banks upped their price objective on Black Knight to and gave the company a “buy” rating in a research note on Friday, February 14th. Zacks Investment Research cut Black Knight from a “hold” rating to a “sell” rating in a research note on Wednesday, February 19th. 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 research note on Wednesday, December 18th. Finally, Knight Equity cut Black Knight from a “positive” rating to a “neutral” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Black Knight has an average rating of “Hold” and a consensus price target of $69.58.
Institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. increased its position in Black Knight by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 1,661,817 shares of the company’s stock valued at $107,147,000 after acquiring an additional 85,099 shares during the period. Norges Bank bought a new position in Black Knight during the 4th quarter valued at $89,515,000. MADDEN SECURITIES Corp bought a new position in Black Knight during the 4th quarter valued at $473,000. Geode Capital Management LLC boosted its stake in Black Knight by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 1,543,107 shares of the company’s stock valued at $99,401,000 after purchasing an additional 59,746 shares in the last quarter. Finally, Brinker Capital Inc. boosted its stake in Black Knight by 18.4% during the 4th quarter. Brinker Capital Inc. now owns 22,090 shares of the company’s stock valued at $1,424,000 after purchasing an additional 3,438 shares in the last quarter. Institutional investors and hedge funds own 93.64% of the company’s stock.
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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