Marshall Wace LLP increased its holdings in shares of Black Knight Inc (NYSE:BKI) by 286.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 489,443 shares of the company’s stock after purchasing an additional 362,770 shares during the quarter. Marshall Wace LLP owned 0.33% of Black Knight worth $25,427,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp increased its position in Black Knight by 12.2% during the 2nd quarter. Northern Trust Corp now owns 855,855 shares of the company’s stock worth $45,831,000 after purchasing an additional 92,735 shares in the last quarter. Senator Investment Group LP acquired a new stake in Black Knight during the 2nd quarter worth approximately $199,581,000. Signition LP acquired a new stake in Black Knight during the 3rd quarter worth approximately $312,000. Banco de Sabadell S.A acquired a new stake in Black Knight during the 2nd quarter worth approximately $434,000. Finally, Bank of New York Mellon Corp increased its position in Black Knight by 8.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,102,665 shares of the company’s stock worth $59,047,000 after purchasing an additional 89,822 shares in the last quarter. 86.27% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on BKI shares. Knight Equity started coverage on shares of Black Knight in a research report on Thursday, November 29th. They set a “positive” rating and a $44.94 target price for the company. Zacks Investment Research downgraded shares of Black Knight from a “hold” rating to a “strong sell” rating in a research report on Friday, November 2nd. Compass Point dropped their target price on shares of Black Knight from $58.00 to $55.50 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Wedbush decreased their price target on Black Knight from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, November 20th. Finally, Susquehanna Bancshares started coverage on Black Knight in a report on Thursday, November 29th. They issued a “positive” rating and a $59.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $55.84.
Black Knight (NYSE:BKI) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The firm had revenue of $282.30 million during the quarter, compared to analysts’ expectations of $282.42 million. Black Knight had a return on equity of 13.86% and a net margin of 24.90%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts forecast that Black Knight Inc will post 1.6 earnings per share for the current fiscal year.
In other Black Knight news, CEO Anthony M. Jabbour bought 22,140 shares of Black Knight stock in a transaction dated Tuesday, December 4th. The stock was bought at an average cost of $45.17 per share, for a total transaction of $1,000,063.80. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 14.40% of the company’s stock.
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Black Knight Profile
Black Knight, Inc engages in the provision of software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination and settlement services. The Data and Analytics segment refers to the data and analytics solutions to the mortgage, real estate and capital markets verticals.
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