Millennium Management LLC Raises Position in Black Knight Inc (NYSE:BKI)

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Millennium Management LLC lifted its holdings in Black Knight Inc (NYSE:BKI) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,387 shares of the company’s stock after purchasing an additional 1,527 shares during the quarter. Millennium Management LLC’s holdings in Black Knight were worth $21,028,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Voloridge Investment Management LLC purchased a new position in Black Knight during the 3rd quarter worth $4,257,000. Castleark Management LLC raised its stake in Black Knight by 12.8% in the third quarter. Castleark Management LLC now owns 74,735 shares of the company’s stock valued at $4,563,000 after buying an additional 8,460 shares during the last quarter. GQ Asset Management LLC purchased a new stake in Black Knight in the third quarter valued at about $102,000. Public Employees Retirement System of Ohio boosted its holdings in Black Knight by 1.4% in the third quarter. Public Employees Retirement System of Ohio now owns 96,046 shares of the company’s stock worth $5,865,000 after acquiring an additional 1,348 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in Black Knight by 58.5% in the third quarter. Penserra Capital Management LLC now owns 1,243 shares of the company’s stock worth $75,000 after acquiring an additional 459 shares in the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

In other Black Knight news, CEO Anthony M. Jabbour purchased 17,675 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of $57.85 per share, for a total transaction of $1,022,498.75. 4.40% of the stock is currently owned by corporate insiders.

Black Knight stock opened at $62.63 on Tuesday. The business’s 50-day simple moving average is $61.46 and its two-hundred day simple moving average is $61.05. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market cap of $9.42 billion, a PE ratio of 38.42, a PEG ratio of 2.52 and a beta of 0.67. Black Knight Inc has a fifty-two week low of $42.62 and a fifty-two week high of $64.80.

Black Knight (NYSE:BKI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. Black Knight had a return on equity of 13.43% and a net margin of 13.02%. The firm had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $299.16 million. During the same period last year, the business posted $0.48 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, analysts predict that Black Knight Inc will post 1.66 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the stock. 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. Compass Point cut shares of Black Knight from a “buy” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Friday, November 8th. Zacks Investment Research cut shares of Black Knight from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Jaffray Companies set a $69.00 target price on shares of Black Knight and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, ValuEngine lowered shares of Black Knight from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Black Knight currently has a consensus rating of “Buy” and a consensus target price of $65.20.

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.

See Also: Euro STOXX 50 Index

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

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