Fmr LLC Buys 58,300 Shares of Black Knight Financial Services, Inc. (NYSE:BKFS)

FMR LLC raised its position in Black Knight Financial Services, Inc. (NYSE:BKFS) by 19.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,100 shares of the technology company’s stock after buying an additional 58,300 shares during the period. FMR LLC owned 0.54% of Black Knight Financial Services worth $13,945,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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 boosted 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 during the last quarter. State Street Corp boosted its position in 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 worth $10,898,000 after buying an additional 12,540 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in 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 worth $1,885,000 after buying an additional 29,166 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in Black Knight Financial Services by 48.0% in the fourth quarter. Guggenheim Capital LLC now owns 14,321 shares of the technology company’s stock worth $541,000 after buying an additional 4,647 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Shares of Black Knight Financial Services, Inc. (NYSE BKFS) traded up 1.07% on Wednesday, reaching $42.50. The company’s stock had a trading volume of 225,544 shares. The firm has a 50-day moving average price of $41.71 and a 200 day moving average price of $39.58. The firm has a market capitalization of $2.84 billion, a PE ratio of 74.96 and a beta of 0.75. Black Knight Financial Services, Inc. has a one year low of $34.00 and a one year high of $43.70.

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

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BKFS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Black Knight Financial Services from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Monday, May 8th. TheStreet upgraded Black Knight Financial Services from a “c” rating to a “b-” rating in a research note on Friday, May 19th. BidaskClub upgraded Black Knight Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Knight Equity reiterated a “hold” rating on shares of Black Knight Financial Services in a research note on Wednesday, July 19th. Finally, Bank of America Corporation lifted their price objective on Black Knight Financial Services from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Black Knight Financial Services currently has an average rating of “Buy” and a consensus price target of $46.00.

In related news, Director H. Lee Equity Fund Vi Thomas sold 750,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $41.90, for a total value of $31,425,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Anthony Orefice sold 30,000 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the transaction, the chief operating officer now owns 121,173 shares of the company’s stock, valued at approximately $4,665,160.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 840,000 shares of company stock valued at $34,992,600. Company insiders own 30.91% of the company’s stock.

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.

Institutional Ownership by Quarter for Black Knight Financial Services (NYSE:BKFS)

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