Brown Brothers Harriman & Co. Acquires Shares of 8,023 Black Knight, Inc. (NYSE:BKI)

Brown Brothers Harriman & Co. acquired a new stake in Black Knight, Inc. (NYSE:BKI) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,023 shares of the company’s stock, valued at approximately $626,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Neuberger Berman Group LLC raised its holdings in shares of Black Knight by 6.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 27,371 shares of the company’s stock worth $2,067,000 after buying an additional 1,611 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Black Knight during the 2nd quarter worth $600,000. Dai Ichi Life Insurance Company Ltd raised its holdings in shares of Black Knight by 53.4% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 116,915 shares of the company’s stock worth $9,117,000 after buying an additional 40,691 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Black Knight by 27.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,081,344 shares of the company’s stock worth $84,323,000 after buying an additional 233,916 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Black Knight by 3.3% during the 2nd quarter. Franklin Resources Inc. now owns 2,171,219 shares of the company’s stock worth $169,311,000 after buying an additional 69,742 shares in the last quarter. 91.19% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Black Knight from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Wednesday, October 6th. Raymond James upgraded Black Knight from a “market perform” rating to an “outperform” rating and set a $83.00 price objective on the stock in a research report on Thursday, September 30th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $94.80.

NYSE BKI opened at $69.63 on Thursday. The business’s 50-day moving average price is $74.01 and its two-hundred day moving average price is $75.07. Black Knight, Inc. has a 12 month low of $68.60 and a 12 month high of $97.19. The firm has a market capitalization of $10.91 billion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 3.77 and a beta of 0.72. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.83.

Black Knight (NYSE:BKI) last released its quarterly earnings results on Thursday, August 5th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Black Knight had a return on equity of 12.05% and a net margin of 19.67%. The firm had revenue of $361.30 million for the quarter, compared to analyst estimates of $348.85 million. During the same quarter in the previous year, the company posted $0.52 EPS. The business’s revenue was up 23.3% on a year-over-year basis. As a group, analysts forecast that Black Knight, Inc. will post 2.02 earnings per share for the current fiscal year.

In related news, CEO Anthony M. Jabbour purchased 14,000 shares of Black Knight stock in a transaction on Tuesday, September 28th. The shares were purchased at an average price of $68.84 per share, for a total transaction of $963,760.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.20% of the company’s stock.

Black Knight Company Profile

Black Knight, Inc engages in the provision of integrated software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics segments. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination, and settlement services.

Further Reading: Why Invest in High-Yield Dividend Stocks?

Want to see what other hedge funds are holding BKI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Black Knight, Inc. (NYSE:BKI).

Institutional Ownership by Quarter 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.