Black Knight’s (BKI) Buy Rating Reaffirmed at Compass Point

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Black Knight (NYSE:BKI)‘s stock had its “buy” rating reissued by Compass Point in a note issued to investors on Tuesday, February 19th. They presently have a $59.75 price target on the stock, up from their prior price target of $55.50. Compass Point’s price target indicates a potential upside of 13.59% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Black Knight from a “hold” rating to a “strong sell” rating in a research report on Friday, February 15th. Knight Equity reiterated a “buy” rating and issued a $55.00 price target on shares of Black Knight in a research report on Wednesday, February 13th. Wedbush lowered their price target on shares of Black Knight from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 20th. Deutsche Bank decreased their target price on shares of Black Knight from $59.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, January 7th. Finally, Susquehanna Bancshares started coverage on shares of Black Knight in a research report on Thursday, November 29th. They set a “positive” rating and a $59.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Black Knight currently has a consensus rating of “Buy” and an average target price of $58.19.

Shares of NYSE:BKI traded up $0.11 on Tuesday, reaching $52.60. The company’s stock had a trading volume of 1,264,656 shares, compared to its average volume of 790,743. Black Knight has a 52-week low of $42.30 and a 52-week high of $56.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 1.67 and a beta of 0.73.

Black Knight (NYSE:BKI) last announced its earnings results on Wednesday, February 13th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. The business had revenue of $285.40 million during the quarter, compared to analysts’ expectations of $285.14 million. Black Knight had a net margin of 15.13% and a return on equity of 14.17%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 earnings per share. As a group, research analysts forecast that Black Knight will post 1.76 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its position in Black Knight by 1.4% in the 4th quarter. American Century Companies Inc. now owns 29,320 shares of the company’s stock valued at $1,321,000 after purchasing an additional 394 shares during the last quarter. Geode Capital Management LLC lifted its position in Black Knight by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,302,490 shares of the company’s stock valued at $58,690,000 after purchasing an additional 37,652 shares during the last quarter. Norges Bank bought a new stake in Black Knight in the 4th quarter valued at about $90,623,000. Dimensional Fund Advisors LP raised its position in shares of Black Knight by 12.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,248 shares of the company’s stock worth $37,006,000 after buying an additional 90,354 shares in the last quarter. Finally, FMR LLC raised its position in shares of Black Knight by 30.9% during the 4th quarter. FMR LLC now owns 13,292,345 shares of the company’s stock worth $598,953,000 after buying an additional 3,138,126 shares in the last quarter. 88.35% of the stock is owned by institutional investors and hedge funds.

About Black Knight

Black Knight, Inc provides software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals primarily in the United States. It operates through two segments, Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions, including LoanSphere mortgage servicing platform, a software as a service application that automates loan servicing to the secondary mortgage market and investor reporting; and LoanSphere Bankruptcy and LoanSphere Foreclosure solutions, which are Web-based workflow information systems for managing and automating a range of workflow processes involving non-performing loans.

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