King Luther Capital Management Corp Buys 75,047 Shares of Black Knight Inc (NYSE:BKI)

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King Luther Capital Management Corp boosted its stake in shares of Black Knight Inc (NYSE:BKI) by 24.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 375,872 shares of the company’s stock after purchasing an additional 75,047 shares during the period. King Luther Capital Management Corp owned 0.25% of Black Knight worth $20,485,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of BKI. Bremer Bank National Association bought a new position in shares of Black Knight during the first quarter worth approximately $51,000. Bremer Trust National Association bought a new position in shares of Black Knight during the fourth quarter worth approximately $61,000. Loeb Partners Corp bought a new position in shares of Black Knight during the fourth quarter worth approximately $63,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Black Knight by 110.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,592 shares of the company’s stock worth $72,000 after purchasing an additional 836 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Black Knight by 69.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,862 shares of the company’s stock worth $101,000 after acquiring an additional 762 shares during the period. 86.72% of the stock is owned by hedge funds and other institutional investors.

In other Black Knight news, President Joseph M. Nackashi sold 18,000 shares of Black Knight stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $56.59, for a total transaction of $1,018,620.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Anthony Orefice sold 23,529 shares of Black Knight stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $54.13, for a total value of $1,273,624.77. The disclosure for this sale can be found here. 14.40% of the stock is currently owned by insiders.

BKI has been the topic of a number of recent research reports. Knight Equity restated a “buy” rating and set a $55.00 price objective on shares of Black Knight in a research note on Wednesday, February 13th. Zacks Investment Research lowered Black Knight from a “hold” rating to a “strong sell” rating in a research note on Friday, February 15th. Compass Point restated a “buy” rating and set a $59.75 price objective (up previously from $55.50) on shares of Black Knight in a research note on Tuesday, February 19th. Barclays raised their price objective on Black Knight from $56.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, Goldman Sachs Group upgraded Black Knight from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $58.00 to $68.00 in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $60.80.

Shares of BKI traded up $0.08 during midday trading on Wednesday, hitting $60.68. The company’s stock had a trading volume of 37,657 shares, compared to its average volume of 739,086. Black Knight Inc has a one year low of $42.30 and a one year high of $62.21. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $9.12 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 2.34 and a beta of 0.68.

Black Knight (NYSE:BKI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.05. The company had revenue of $283.20 million for the quarter, compared to analyst estimates of $282.51 million. Black Knight had a return on equity of 13.64% and a net margin of 14.65%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. As a group, research analysts forecast that Black Knight Inc will post 1.74 EPS for the current fiscal year.

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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.

See Also: Debt-To-Equity Ratio

Institutional Ownership by Quarter for Black Knight (NYSE:BKI)

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