Barclays Cuts Black Knight (NYSE:BKI) Price Target to $90.00

Black Knight (NYSE:BKI) had its target price lowered by stock analysts at Barclays from $105.00 to $90.00 in a research note issued on Monday, Price Targets.com reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 21.41% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Raymond James initiated coverage on shares of Black Knight in a research note on Monday. They set a “market perform” rating on the stock. Susquehanna raised shares of Black Knight from a “neutral” rating to a “positive” rating and set a $100.00 target price on the stock in a research note on Wednesday, February 17th. TheStreet lowered shares of Black Knight from a “b” rating to a “c+” rating in a report on Wednesday, March 17th. Zacks Investment Research lowered shares of Black Knight from a “buy” rating to a “hold” rating in a report on Wednesday, February 17th. Finally, Susquehanna Bancshares upgraded shares of Black Knight to a “positive” rating and set a $100.00 price target on the stock in a report on Wednesday, February 17th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Black Knight has a consensus rating of “Buy” and an average target price of $96.35.

NYSE BKI opened at $74.13 on Monday. The firm’s fifty day moving average price is $74.66 and its two-hundred day moving average price is $84.77. The stock has a market cap of $11.62 billion, a PE ratio of 49.09, a PEG ratio of 4.60 and a beta of 0.79. Black Knight has a fifty-two week low of $65.22 and a fifty-two week high of $97.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14.

Black Knight (NYSE:BKI) last posted its earnings results on Monday, February 15th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $342.20 million for the quarter, compared to analysts’ expectations of $339.06 million. Black Knight had a net margin of 19.21% and a return on equity of 12.45%. As a group, sell-side analysts predict that Black Knight will post 1.84 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Black Knight by 6.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,689,848 shares of the company’s stock valued at $1,562,898,000 after purchasing an additional 1,118,164 shares during the period. Norges Bank acquired a new position in shares of Black Knight during the fourth quarter valued at about $129,001,000. UBS Asset Management Americas Inc. raised its holdings in shares of Black Knight by 73.8% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,360,384 shares of the company’s stock valued at $120,190,000 after purchasing an additional 577,567 shares during the period. Northern Trust Corp raised its holdings in shares of Black Knight by 3.2% during the fourth quarter. Northern Trust Corp now owns 1,224,049 shares of the company’s stock valued at $108,145,000 after purchasing an additional 37,919 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in shares of Black Knight by 10.7% during the fourth quarter. Nuveen Asset Management LLC now owns 1,045,000 shares of the company’s stock valued at $92,327,000 after purchasing an additional 100,591 shares during the period. Hedge funds and other institutional investors own 89.70% of the company’s stock.

Black Knight Company Profile

Black Knight, Inc provides integrated software, data, and analytics solutions in North America and Internationally. The Software Solutions segment offers software and hosting solutions comprising MSP, a software as a service application platform for mortgage and home equity loans; Bankruptcy/Foreclosure solutions for managing and automating a range of various workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors; Servicing Digital, a white-labeled mobile solution; Loss Mitigation, an integrated solution that supports retention and liquidation workouts; Claims, an integrated solution which manages default-related claims process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.

Featured Story: Understanding the Price to Earnings Ratio (PE)

Analyst Recommendations for Black Knight (NYSE:BKI)

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.