Black Knight (NYSE:BKI) Downgraded by Zacks Investment Research to Hold

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Zacks Investment Research cut shares of Black Knight (NYSE:BKI) from a buy rating to a hold rating in a research report report published on Thursday, Zacks.com reports.

According to Zacks, “Black Knight, Inc. engages in the provision of integrated technology, workflow automation and data and analytics to the mortgage and real estate industries, through its subsidiaries. It operates through the Technology and Data and Analytics business segments. Technology segment offers software and hosting solutions which support loan servicing, loan origination and settlement services. Data and Analytics segment provides property ownership data, lien data, servicing data, automated valuation models, collateral risk scores, prepayment and default models, lead generation and other data solutions. Black Knight Inc., formerly known as Black Knight Financial Services Inc., is headquartered in Jacksonville, FL. “

A number of other research firms have also recently weighed in on BKI. Keefe, Bruyette & Woods set a $67.00 price objective on shares of Black Knight and gave the company a buy rating in a report on Wednesday, August 7th. SunTrust Banks set a $66.00 price objective on shares of Black Knight and gave the company a buy rating in a report on Wednesday, August 7th. Piper Jaffray Companies set a $69.00 price objective on shares of Black Knight and gave the company a buy rating in a report on Wednesday, August 7th. ValuEngine cut shares of Black Knight from a buy rating to a hold rating in a report on Wednesday, October 2nd. Finally, Compass Point set a $63.00 price objective on shares of Black Knight and gave the company a buy rating in a report on Wednesday, August 7th. 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 an average target price of $63.46.

NYSE BKI traded down $0.30 on Thursday, reaching $56.66. 1,877,181 shares of the company’s stock traded hands, compared to its average volume of 756,584. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 2.50 and a beta of 0.69. The stock has a 50 day moving average price of $61.56 and a 200-day moving average price of $60.40. Black Knight has a fifty-two week low of $42.30 and a fifty-two week high of $64.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 1.30.

Black Knight (NYSE:BKI) last posted its earnings results on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $299.10 million during the quarter, compared to the consensus estimate of $299.16 million. Black Knight had a net margin of 13.71% and a return on equity of 13.51%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous 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 fiscal year.

Large investors have recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in Black Knight by 78.5% in the 3rd quarter. Signaturefd LLC now owns 407 shares of the company’s stock valued at $25,000 after purchasing an additional 179 shares during the last quarter. Covington Capital Management acquired a new position in shares of Black Knight in the 2nd quarter worth approximately $30,000. Motco lifted its holdings in shares of Black Knight by 243.6% in the 2nd quarter. Motco now owns 694 shares of the company’s stock worth $42,000 after acquiring an additional 492 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Black Knight in the 2nd quarter worth approximately $55,000. Finally, Riverhead Capital Management LLC acquired a new position in shares of Black Knight in the 2nd quarter worth approximately $56,000. Institutional investors own 88.17% of the company’s stock.

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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