GW&K Investment Management LLC Invests $7.88 Million in Black Knight Inc (BKI) Stock

GW&K Investment Management LLC acquired a new position in Black Knight Inc (NYSE:BKI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 178,545 shares of the company’s stock, valued at approximately $7,883,000. GW&K Investment Management LLC owned about 0.12% of Black Knight as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. bought a new position in Black Knight in the 4th quarter worth about $102,000. Hirtle Callaghan & Co LLC bought a new position in Black Knight in the 4th quarter worth about $115,000. First Bank & Trust bought a new position in Black Knight in the 4th quarter worth about $130,000. Acadian Asset Management LLC bought a new position in Black Knight in the 4th quarter worth about $197,000. Finally, Wellington Shields Capital Management LLC bought a new position in Black Knight in the 3rd quarter worth about $202,000. 27.36% of the stock is owned by institutional investors.

BKI has been the subject of several analyst reports. Zacks Investment Research downgraded Black Knight from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Bank of America assumed coverage on Black Knight in a research report on Thursday, October 5th. They set a “buy” rating and a $47.00 price target for the company. Barclays lifted their price target on Black Knight from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. assumed coverage on Black Knight in a research report on Friday, October 6th. They set an “overweight” rating and a $49.00 price target for the company. Finally, Oppenheimer upgraded Black Knight from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 4th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Black Knight currently has an average rating of “Buy” and a consensus target price of $49.00.

Shares of Black Knight Inc (NYSE BKI) opened at $52.40 on Tuesday. The stock has a market capitalization of $8,040.00 and a PE ratio of 54.58. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.90. Black Knight Inc has a 12-month low of $34.30 and a 12-month high of $52.45.

Black Knight (NYSE:BKI) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Black Knight had a return on equity of 9.10% and a net margin of 4.31%. sell-side analysts forecast that Black Knight Inc will post 1.3 earnings per share for the current year.

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About Black Knight

Black Knight, Inc provides integrated technology, workflow automation, and data and analytics to the mortgage and real estate industries. The Company’s segments include Technology, and Data and Analytics. The Company’s Technology segment offers software and hosting solutions that support loan servicing, loan origination and settlement services.

Institutional Ownership by Quarter for Black Knight (NYSE:BKI)

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