Black Knight Inc (NYSE:BKI) Shares Sold by A.R.T. Advisors LLC

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A.R.T. Advisors LLC lowered its stake in Black Knight Inc (NYSE:BKI) by 51.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,114 shares of the company’s stock after selling 25,900 shares during the quarter. A.R.T. Advisors LLC’s holdings in Black Knight were worth $1,450,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of BKI. Neuberger Berman Group LLC lifted its stake in shares of Black Knight by 6,611.5% during the 1st quarter. Neuberger Berman Group LLC now owns 1,297,933 shares of the company’s stock worth $70,738,000 after purchasing an additional 1,278,594 shares during the period. FMR LLC lifted its stake in shares of Black Knight by 4.8% during the 1st quarter. FMR LLC now owns 13,929,493 shares of the company’s stock worth $759,157,000 after purchasing an additional 637,148 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Black Knight by 14.3% during the 2nd quarter. Wells Fargo & Company MN now owns 3,467,698 shares of the company’s stock worth $208,583,000 after purchasing an additional 433,259 shares during the period. Peregrine Capital Management LLC purchased a new position in shares of Black Knight during the 2nd quarter worth $21,766,000. Finally, King Luther Capital Management Corp lifted its stake in shares of Black Knight by 85.4% during the 2nd quarter. King Luther Capital Management Corp now owns 696,795 shares of the company’s stock worth $41,912,000 after purchasing an additional 320,923 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

BKI has been the subject of a number of research analyst reports. Compass Point set a $63.00 price objective on Black Knight and gave the stock a “buy” rating in a report on Wednesday, August 7th. SunTrust Banks set a $66.00 price objective on Black Knight and gave the stock a “buy” rating in a report on Wednesday, August 7th. Zacks Investment Research upgraded Black Knight from a “sell” rating to a “hold” rating and set a $69.00 price target for the company in a report on Tuesday. Deutsche Bank set a $64.00 price objective on shares of Black Knight and gave the company a “buy” rating in a research report on Wednesday, June 26th. Finally, ValuEngine cut shares of Black Knight from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Black Knight has an average rating of “Buy” and a consensus price target of $63.58.

Shares of NYSE BKI traded up $0.36 during mid-day trading on Friday, reaching $61.67. 578,990 shares of the company traded hands, compared to its average volume of 689,284. The firm has a market cap of $9.15 billion, a PE ratio of 37.83, a price-to-earnings-growth ratio of 2.46 and a beta of 0.69. The stock has a fifty day simple moving average of $61.86 and a 200-day simple moving average of $59.33. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 1.30. Black Knight Inc has a fifty-two week low of $42.30 and a fifty-two week high of $64.48.

Black Knight (NYSE:BKI) last announced its earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.44 by $0.05. Black Knight had a net margin of 13.71% and a return on equity of 13.51%. The firm had revenue of $294.90 million for the quarter, compared to the consensus estimate of $296.52 million. During the same quarter last year, the firm posted $0.46 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, analysts predict that Black Knight Inc will post 1.66 EPS for the current fiscal year.

About Black Knight

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

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