According to the most recent report filed with the Securities and Exchange Commission, Los Angeles Capital Management LLC invested in Black Knight, Inc. (NYSE: BKI) during the third quarter of this year. The investment fund purchased 114,893 shares of the company’s stock at approximately $7,437,000. The most recent disclosure that Los Angeles Capital Management LLC provided to the Securities and Exchange Commission revealed that the company owned approximately 0.07% of Black Knight.
Recent events have resulted in shifts in the proportions of the business owned by hedge funds and various other institutional investors. DURING THE SECOND QUARTER, Price T. Rowe Associates Inc. (MD) increased the proportion of Black Knight in which it had invested by 4.00%. Price T. Rowe Associates Inc. (MD) now owns 20,997,723 of the company’s shares, which are currently valued at $1,373,041,000 following the purchase of an additional 813,745 shares during the most recent quarter. The Massachusetts Financial Services Company, MA, increased the amount of Black Knight stock owned by 2.9% during the year’s second quarter. MA purchased an additional 297,409 shares of the company’s stock during the most recent quarter, bringing its total shares to 10,388,150 at a value of $679,282,000. The amount of Black Knight stock that Wellington Management Group LLP owned at the beginning of the year increased by 3.0% over the first three months. By purchasing an additional 148,962 shares during the most recent fiscal quarter, Wellington Management Group LLP was able to raise the percentage of ownership it holds in the company. Currently, Wellington Management Group LLP owns 5,176,989 shares of the company’s stock. These shares have a combined market value of $301,440,000. The investment portfolio held by Durable Capital Partners LP increased its holdings in Black Knight by 2.9% during the first three months of 2018. Durable Capital Partners LP now holds a total of 4,155,973 shares of the corporation’s stock, which has a value of $241,005,000 after purchasing an additional 117,985 shares of the company’s stock during the most recent fiscal quarter. This brings the total number of shares held by the firm to 4,155,973. And finally, during the second quarter, FMR LLC increased its portfolio holdings in Black Knight by 8.3% by purchasing additional shares. Because of the purchase of an additional 259,590 shares during the most recent quarter, hedge funds and other institutional investors now own 87.73 percent of the company’s stock, which is $222,282,000. This represents an increase from the previous quarter’s ownership percentage of 86.25 percent. The current owner of 3,399,342 shares of the company’s stock, FMR LLC, holds these shares with a combined value of $222,282,000.
On Thursday, the price of BKI was $58.51 when trading began on the New York Stock Exchange. The company’s moving average over the past 50 days is $60.53, and its moving average over the past 200 days is $63.13. The company has a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 7.16, and a beta value of 0.54. These ratios measure how much a company’s current price corresponds to its future earnings. The company’s total value, as measured by its market capitalization, is $9.13 billion. In the past year, Black Knight, Inc. reached an all-time high price of $79.78, while the company’s all-time low price was $52.00. There is a debt-to-equity ratio of 1.04 for every dollar of equity, a quick ratio of 1.15, and a current ratio of 1.15. Each of these ratios has the same value.
On November 3 November 3, a report on Black Knight’s most recent earnings was made public. Black Knight is a company that trades on the New York Stock Exchange (NYSE) under the symbol BKI. The company reported earnings per share of $0.49 for the quarter, which was $0.13 less than the consensus estimate of $0.62 among industry analysts. The return on equity for Black Knight was 14.53%, and the net margin for the company was 31.88%. The analysts’ projections for the company’s quarterly sales ranged from $408.65 million to $386.70 million, but the most likely number was $386.70 million. According to the forecasts of equity market analysts, Black Knight, Inc. will bring in $2.15 in profits per share for the current fiscal year.
Numerous research institutions, each with its unique perspective on BKI, have presented their arguments. Barclays maintained its “equal weight” rating on shares of Black Knight and set a price objective of $65.00 for the company’s stock in a research report published on Friday, December 2. The report was made public by the financial services firm Barclays. Keefe, Bruyette & Woods gave the company a “market perform” rating in a research report published on Wednesday, December 14, and raised their target price on Black Knight stock from $60.00 to $69.00. The report was also released on the same day.
Additionally, they rated the company as having “market perform” qualities. According to Bloomberg, five market analysts believe that investors should continue holding onto the stock in their portfolio. The current recommendation for the company is “Hold,” and analysts anticipate that its price will reach $75.83 over the next twelve months