First Horizon Advisors Inc. reduced its stake in shares of Black Knight, Inc. (NYSE: BKI – Get Rating) by 26.4% in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission (DRY ). The institutional investor held 1,306 shares of the company after selling 469 shares during the quarter. First Horizon Advisors Inc.’s holdings in Black Knight were worth $76,000 when it last filed with the Securities and Exchange Commission (SEC).
Other institutional investors have also increased or reduced their stake in the company. Lazard Asset Management LLC acquired a new stake in Black Knight during Q4, valued at approximately $29,000. Covestor Ltd bought a new position in Black Knight shares during Q4 valued at around $63,000. Northwestern Mutual Wealth Management Co. increased its position in Black Knight shares by 303.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the company valued at $80,000 after acquiring 728 additional shares in the last quarter. Carroll Investors Inc bought a new position in Black Knight stock during Q4 valued at around $80,000. Finally, Life Planning Partners Inc bought a new position in Black Knight stock during Q4 valued at around $90,000. 97.33% of the shares are held by hedge funds and other institutional investors.
Analyst upgrades and downgrades
A number of research analysts have recently commented on BKI’s actions. Keefe, Bruyette & Woods downgraded Black Knight from an ‘outperforming’ rating to a ‘market performing’ rating and lowered their target price for the company from $83.00 to $80.00 in a research report Monday, May 9. Barclays lowered its price target on Black Knight from $80.00 to $74.00 and set an “overweight” rating for the company in a Thursday, June 23 research report. Raymond James downgraded Black Knight from an “outperforming” rating to a “market performing” rating and set a price target of $85.00 for the company. in a research report on Thursday, May 5. Finally, Wedbush raised its price target on Black Knight from $70.00 to $85.00 and gave the stock a “neutral” rating in a Thursday, May 5 research report. Four research analysts gave the stock a hold rating and one gave the company’s stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $79.17.
Dark Knight Stock Performance
BKI stock opened at $67.26 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt ratio of 1.09. The company’s fifty-day simple moving average is $65.08 and its two-hundred-day simple moving average is $64.79. Black Knight, Inc. has a 12-month low of $52.00 and a 12-month high of $84.27. The company has a market capitalization of $10.49 billion, a price/earnings ratio of 20.14, a PEG ratio of 2.76 and a beta of 0.63.
Black Knight Company Profile
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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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