Black Knight Inc (NYSE:BKI) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,627,100 shares, an increase of 30.1% from the July 31st total of 2,018,600 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 755,800 shares, the short-interest ratio is presently 3.5 days.

In related news, Director Richard N. Massey sold 10,000 shares of Black Knight stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $60.19, for a total value of $601,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.40% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in BKI. Dimensional Fund Advisors LP lifted its position in Black Knight by 12.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,248 shares of the company’s stock worth $37,006,000 after acquiring an additional 90,354 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Black Knight by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,302,490 shares of the company’s stock valued at $58,690,000 after buying an additional 37,652 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Black Knight by 1.9% during the first quarter. California Public Employees Retirement System now owns 171,235 shares of the company’s stock valued at $9,332,000 after buying an additional 3,129 shares during the last quarter. Raymond James & Associates raised its position in shares of Black Knight by 14.3% during the first quarter. Raymond James & Associates now owns 60,648 shares of the company’s stock valued at $3,305,000 after buying an additional 7,568 shares during the last quarter. Finally, Penn Capital Management Co. Inc. raised its position in shares of Black Knight by 183.0% during the first quarter. Penn Capital Management Co. Inc. now owns 49,316 shares of the company’s stock valued at $2,688,000 after buying an additional 31,891 shares during the last quarter. 88.18% of the stock is owned by hedge funds and other institutional investors.

Black Knight stock traded down $0.50 on Friday, reaching $61.61. 18,399 shares of the stock were exchanged, compared to its average volume of 656,441. The stock has a market cap of $9.26 billion, a PE ratio of 37.80, a PEG ratio of 2.48 and a beta of 0.69. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.85. Black Knight has a twelve month low of $42.30 and a twelve month high of $64.48. The firm has a fifty day moving average price of $62.33 and a two-hundred day moving average price of $58.04.

Black Knight (NYSE:BKI) last released its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.05. The firm had revenue of $294.90 million during the quarter, compared to analyst estimates of $296.52 million. Black Knight had a net margin of 13.71% and a return on equity of 13.51%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. Equities analysts anticipate that Black Knight will post 1.66 EPS for the current fiscal year.

Several equities research analysts recently issued reports on BKI shares. Compass Point set a $63.00 price objective on shares of Black Knight and gave the company a “buy” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods set a $67.00 price objective on shares of Black Knight and gave the company a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research lowered shares of Black Knight from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Goldman Sachs Group raised shares of Black Knight from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $58.00 to $68.00 in a research note on Monday, June 3rd. Finally, Deutsche Bank set a $64.00 price objective on shares of Black Knight and gave the company a “buy” rating in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $63.09.

Black Knight Company Profile

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.

Featured Article: CD Ladder

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.