IFM Investors Pty Ltd acquires 3,586 shares of Black Knight, Inc. (NYSE: BKI)


IFM Investors Pty Ltd increased its holdings of Black Knight, Inc. (NYSE: BKI – Get Rating) shares by 17.4% in the first quarter, according to its latest 13F filing with the Securities and Exchange Commission. The institutional investor held 24,218 shares of the company after purchasing an additional 3,586 shares during the quarter. IFM Investors Pty Ltd’s holdings in Black Knight were worth $1,404,000 when it last filed with the SEC.

A number of other hedge funds also changed their positions in BKI. Allspring Global Investments Holdings LLC purchased a new stake in Black Knight during Q4 valued at $219,290,000. BlackRock Inc. increased its stake in Black Knight by 12.4% during the 4th quarter. BlackRock Inc. now owns 12,673,477 shares of the company worth $1,050,504,000 after acquiring an additional 1,400,532 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Black Knight by 27.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,216,435 shares of the company worth $515,280,000 after acquiring 1,345,783 additional shares in the last quarter. Madison Asset Management LLC bought a new position in Black Knight during Q4 worth $99,707,000. Finally, Beck Mack & Oliver LLC bought a new position in Black Knight during Q4 worth $59,234,000. Institutional investors and hedge funds own 97.33% of the company’s shares.

BKI has been the subject of several analyst reports. Raymond James downgraded Black Knight’s stock from an “outperform” rating to a “market performer” rating and set a price target of $85.00 for the stock. in a report on Thursday, May 5. Oppenheimer cut his price target on Black Knight shares from $92.00 to $80.00 in a Friday, April 8 report. Barclays cut its price target on Black Knight shares from $80.00 to $74.00 and set an “overweight” rating on the stock in a Thursday, June 23 report. 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 report. Finally, Keefe, Bruyette & Woods downgraded Black Knight shares from an “outperforming” rating to a “market performance” rating and lowered their price target for the stock from $83.00 to 80, $00 in a Monday May 9 report. Four analysts gave the stock a hold rating and one gave the stock a buy rating. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $79.17.

NYSE:BKI shares opened at $66.18 on Friday. The company’s 50-day moving average is $67.61 and its 200-day moving average is $67.95. The company has a debt ratio of 1.10, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $10.32 billion, a P/E ratio of 19.87, a price-to-earnings growth ratio of 2.84 and a beta of 0.68. Black Knight, Inc. has a fifty-two week low of $52.00 and a fifty-two week high of $84.27.

Black Knight Inc (NYSE:BKI – Get Rating) last released its quarterly results on Thursday, May 5. The company reported earnings per share of $0.56 for the quarter, beating analyst consensus estimates of $0.54 by $0.02. The company posted revenue of $387.20 million for the quarter, versus a consensus estimate of $380.31 million. Black Knight had a net margin of 34.27% and a return on equity of 14.60%. The company’s quarterly revenue increased 10.7% year over year. During the same period of the previous year, the company achieved EPS of $0.51. As a group, research analysts predict that Black Knight, Inc. will post earnings per share of 2.44 for the current year.

Dark Knight Profile (Get a rating)

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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Want to see what other hedge funds hold BKI? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Black Knight, Inc. (NYSE:BKI – Get Rating).

Institutional ownership by quarter for Black Knight (NYSE: BKI)



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