TheStreet Downgrades Black Knight (NYSE:BKI) to C+

TheStreet cut shares of Black Knight (NYSE:BKI) from a b rating to a c+ rating in a research report sent to investors on Monday, TheStreetRatingsTable reports.

Several other research firms also recently weighed in on BKI. Keefe, Bruyette & Woods downgraded Black Knight from an outperform rating to a market perform rating and upped their price target for the stock from $72.00 to $80.00 in a research note on Thursday, February 20th. SunTrust Banks upped their price target on Black Knight to and gave the stock a buy rating in a research note on Friday, February 14th. JPMorgan Chase & Co. restated a neutral rating and issued a $66.00 price target (up from $64.00) on shares of Black Knight in a research note on Wednesday, December 18th. KCG Holdings, Inc. Class A downgraded Black Knight from a positive rating to a neutral rating in a research note on Thursday, January 16th. Finally, Susquehanna Bancshares downgraded Black Knight from a positive rating to a neutral rating and set a $67.00 price target for the company. in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $69.58.

Black Knight stock traded up $5.40 during midday trading on Monday, hitting $58.75. The stock had a trading volume of 1,420,495 shares, compared to its average volume of 1,116,747. The firm’s fifty day moving average is $66.49 and its two-hundred day moving average is $63.77. The company has a market capitalization of $8.24 billion, a PE ratio of 71.65, a P/E/G ratio of 2.12 and a beta of 0.61. Black Knight has a 52-week low of $50.01 and a 52-week high of $76.44. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.77.

Black Knight (NYSE:BKI) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.13. Black Knight had a return on equity of 13.77% and a net margin of 10.31%. The business had revenue of $300.20 million during the quarter, compared to the consensus estimate of $299.98 million. As a group, equities research analysts predict that Black Knight will post 1.73 earnings per share for the current fiscal year.

In other news, Chairman William P. Foley II sold 250,000 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $53.57, for a total transaction of $13,392,500.00. Following the completion of the transaction, the chairman now directly owns 4,495,734 shares in the company, valued at approximately $240,836,470.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard N. Massey sold 11,016 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $76.23, for a total value of $839,749.68. Following the transaction, the director now owns 70,237 shares of the company’s stock, valued at $5,354,166.51. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in BKI. Security National Trust Co. purchased a new stake in Black Knight during the 4th quarter valued at $29,000. Squar Milner Financial Services LLC raised its holdings in Black Knight by 179.5% during the 4th quarter. Squar Milner Financial Services LLC now owns 492 shares of the company’s stock valued at $31,000 after buying an additional 316 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in Black Knight during the 4th quarter valued at $31,000. Cullen Frost Bankers Inc. raised its holdings in Black Knight by 123.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock valued at $40,000 after buying an additional 342 shares during the period. Finally, Allred Capital Management LLC purchased a new stake in Black Knight during the 4th quarter valued at $52,000. Institutional investors own 93.64% of the company’s stock.

Black Knight Company Profile

Black Knight, Inc provides integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals in the United States. Its Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans that automates various areas of loan servicing; Bankruptcy / Foreclosure solutions for managing and automating a range of different workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors by automating billing and invoice process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.

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Analyst Recommendations for Black Knight (NYSE:BKI)

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