Knight Equity Reiterates “Hold” Rating for Black Knight Financial Services, Inc. (NYSE:BKFS)

Black Knight Financial Services, Inc. (NYSE:BKFS)‘s stock had its “hold” rating restated by research analysts at Knight Equity in a report released on Wednesday, July 19th.

The analysts wrote, “BKFS reported modest upside 2Q17 results, although revenue growth fell modestly shy of expectations. Adj. EPS was $0.35 (vs. our/Street’s $0.32/$0.33 ests.). Technology Services growth was somewhat soft at ~3% Y/Y (vs. our 5% estimate), while adjusted D&A growth of 17.5% surprised to the upside. EBITDA margin of 47.9% vs our 46.9%E drove the upside earnings. Despite the upside EPS BKFS maintained its FY17 guidance which anticipates 10-12% EBITDA growth, and EPS of $1.34-$1.38. Notably, BKFS converted ~1M loans within JPM’s HELOC portfolio, and maintains significant MSP and Empower backlogs.””

BKFS has been the topic of several other research reports. Zacks Investment Research lowered shares of Black Knight Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. BidaskClub raised shares of Black Knight Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Finally, TheStreet raised shares of Black Knight Financial Services from a “c” rating to a “b-” rating in a research report on Friday, May 19th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $46.00.

Shares of Black Knight Financial Services (NYSE:BKFS) opened at 41.15 on Wednesday. The stock has a market capitalization of $2.75 billion, a P/E ratio of 72.57 and a beta of 0.75. The firm’s 50-day moving average is $41.29 and its 200 day moving average is $39.21. Black Knight Financial Services has a 1-year low of $34.00 and a 1-year high of $43.70.

Black Knight Financial Services (NYSE:BKFS) last posted its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. The business had revenue of $263.40 million during the quarter, compared to analyst estimates of $265.24 million. Black Knight Financial Services had a net margin of 3.96% and a return on equity of 8.29%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, analysts expect that Black Knight Financial Services will post $1.37 EPS for the current fiscal year.

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In other news, CEO Thomas J. Sanzone sold 30,000 shares of Black Knight Financial Services stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $41.75, for a total value of $1,252,500.00. Following the transaction, the chief executive officer now owns 871,990 shares of the company’s stock, valued at $36,405,582.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director H. Lee Equity Fund Vi Thomas sold 750,000 shares of Black Knight Financial Services stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $41.90, for a total transaction of $31,425,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 870,000 shares of company stock worth $36,167,700. Insiders own 30.91% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in BKFS. Russell Investments Group Ltd. purchased a new position in Black Knight Financial Services during the fourth quarter worth approximately $679,000. State Board of Administration of Florida Retirement System raised its position in Black Knight Financial Services by 5.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 22,160 shares of the technology company’s stock worth $838,000 after buying an additional 1,070 shares in the last quarter. State Street Corp increased its stake in shares of Black Knight Financial Services by 4.5% in the fourth quarter. State Street Corp now owns 288,287 shares of the technology company’s stock valued at $10,898,000 after buying an additional 12,540 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Black Knight Financial Services by 140.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 49,871 shares of the technology company’s stock valued at $1,885,000 after buying an additional 29,166 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Black Knight Financial Services by 48.6% in the fourth quarter. FMR LLC now owns 305,800 shares of the technology company’s stock valued at $11,559,000 after buying an additional 99,993 shares during the last quarter.

Black Knight Financial Services Company Profile

Black Knight Financial Services, Inc is a holding company. The Company, through its subsidiaries, provides integrated technology, workflow automation, and data and analytics to the mortgage and real estate industries. The Company’s segments include Technology, and Data and Analytics. The Company’s Technology segment offers software and hosting solutions that support loan servicing, loan origination and settlement services.

Analyst Recommendations for Black Knight Financial Services (NYSE:BKFS)

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