Black Knight (NYSE:BKI) Trading Up 6.3% After Earnings Beat

Black Knight Inc (NYSE:BKI) was up 6.3% during trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $74.78 and last traded at $74.39, approximately 2,079,910 shares traded hands during trading. An increase of 96% from the average daily volume of 1,063,810 shares. The stock had previously closed at $70.00.

The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.13. The company had revenue of $300.20 million for the quarter, compared to analyst estimates of $299.98 million. Black Knight had a net margin of 13.02% and a return on equity of 13.43%.

A number of equities research analysts have weighed in on BKI shares. Compass Point lowered shares of Black Knight from a “buy” rating to a “neutral” rating and set a $61.00 target price on the stock. in a report on Friday, November 8th. Zacks Investment Research raised shares of Black Knight from a “sell” rating to a “hold” rating in a report on Monday, February 3rd. Knight Equity lowered shares of Black Knight from a “positive” rating to a “neutral” rating in a report on Thursday, January 16th. Susquehanna Bancshares lowered shares of Black Knight from a “positive” rating to a “neutral” rating and set a $67.00 target price on the stock. in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $66.00 target price (up from $64.00) on shares of Black Knight in a report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.50.

A number of institutional investors and hedge funds have recently bought and sold shares of BKI. Captrust Financial Advisors lifted its position in shares of Black Knight by 63,543.4% during the 4th quarter. Captrust Financial Advisors now owns 168,655 shares of the company’s stock valued at $10,799,000 after acquiring an additional 168,390 shares during the period. Jane Street Group LLC lifted its position in shares of Black Knight by 21.0% during the 4th quarter. Jane Street Group LLC now owns 4,648 shares of the company’s stock valued at $300,000 after acquiring an additional 806 shares during the period. First Republic Investment Management Inc. lifted its position in shares of Black Knight by 29.8% during the 4th quarter. First Republic Investment Management Inc. now owns 5,165 shares of the company’s stock valued at $333,000 after acquiring an additional 1,186 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of Black Knight by 289.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 705,568 shares of the company’s stock valued at $45,495,000 after acquiring an additional 524,452 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Black Knight by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,196,871 shares of the company’s stock valued at $77,176,000 after acquiring an additional 3,788 shares during the period. 89.68% of the stock is currently owned by hedge funds and other institutional investors.

The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.84. The stock’s 50-day moving average is $66.28 and its 200-day moving average is $63.05. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 72.93, a P/E/G ratio of 2.66 and a beta of 0.66.

Black Knight Company Profile (NYSE:BKI)

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.

Further Reading: How prevalent are 12b-1 fees?

Receive News & Ratings for Black Knight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Knight and related companies with MarketBeat.com's FREE daily email newsletter.