Commonwealth Equity Services LLC increased its stake in Black Knight, Inc. (NYSE: BKI – Get Rating) by 8.0% during the first quarter, HoldingsChannel.com reports. The institutional investor held 5,805 shares of the company after acquiring an additional 430 shares during the period. Commonwealth Equity Services LLC’s holdings in Black Knight were worth $336,000 when it last filed with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Column Capital Advisors LLC increased its stake in Black Knight stock by 11.7% in Q1. Column Capital Advisors LLC now owns 1,620 shares of the company valued at $94,000 after purchasing an additional 170 shares during the period. Gilbert & Cook Inc. increased its stake in Black Knight shares by 3.5% in Q1. Gilbert & Cook Inc. now owns 5,149 shares of the company valued at $299,000 after purchasing an additional 175 shares during the period. Horizon Kinetics Asset Management LLC increased its stake in Black Knight shares by 2.9% in Q4. Horizon Kinetics Asset Management LLC now owns 11,772 shares of the company valued at $976,000 after purchasing an additional 334 shares during the period. Lazard Asset Management LLC acquired a new stake in Black Knight stock in Q4 valued at approximately $29,000. Finally, Baird Financial Group Inc. increased its stake in Black Knight shares by 7.0% in the 4th quarter. Baird Financial Group Inc. now owns 5,605 shares of the company valued at $465,000 after purchasing an additional 369 shares during the period. Institutional investors hold 97.33% of the company’s shares.
Analysts set new price targets
BKI has been the subject of several research reports. Barclays cut its price target on Black Knight shares from $80.00 to $74.00 and set an “overweight” rating for the company in a Thursday, June 23 research note. Keefe, Bruyette & Woods downgraded Black Knight shares from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $83.00 to 80.00 $ in a research note from Monday, May 9. Wedbush raised its price target on Black Knight shares from $70.00 to $85.00 and gave the stock a “neutral” rating in a Thursday, May 5 research note. Finally, Raymond James downgraded Black Knight shares from an “outperforming” rating to a “market performing” rating and set a price target of $85.00 for the company. in a research note on Thursday, May 5. Four research analysts gave the stock a hold rating and one gave the company’s stock a buy rating. According to MarketBeat.com, Black Knight currently has an average rating of “Hold” and a consensus price target of $79.17.
Black Knight trading down to 0.0%
Black Knight shares opened at $66.90 on Wednesday. The stock has a market capitalization of $10.44 billion, a P/E ratio of 20.03, a P/E/G ratio of 2.71 and a beta of 0.64. The company’s 50-day moving average is $65.18 and its 200-day moving average is $64.66. Black Knight, Inc. has a 12-month low of $52.00 and a 12-month high of $84.27. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt ratio of 1.09.
About the Dark Knight
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Black Knight, Inc provides integrated software, data and analytics solutions in North America and internationally. The Software Solutions segment offers software and hosting solutions including MSP, a software-as-a-service application platform for mortgages, home equity loans and lines of credit; Servicing Digital, a web and mobile solution for consumers that provides easy access to personalized and timely information about their mortgages; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; and Empower, a loan origination system used by lenders to create mortgages, home equity loans and HELOCs.
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