Analysts Set Black Knight Financial Services, Inc. (BKFS) PT at $41.50

Shares of Black Knight Financial Services, Inc. (NYSE:BKFS) have been assigned an average rating of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $46.40.

Several research analysts recently commented on BKFS shares. Zacks Investment Research downgraded shares of Black Knight Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Sidoti reaffirmed an “overweight” rating and issued a $48.00 target price (up from $45.00) on shares of Black Knight Financial Services in a research note on Friday, July 21st. BidaskClub raised shares of Black Knight Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $47.00 target price (up from $43.50) on shares of Black Knight Financial Services in a research note on Friday, July 21st. Finally, TheStreet raised shares of Black Knight Financial Services from a “c” rating to a “b-” rating in a research note on Friday, May 19th.

WARNING: “Analysts Set Black Knight Financial Services, Inc. (BKFS) PT at $41.50” was first posted by BNB Daily and is the sole property of of BNB Daily. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/19/black-knight-financial-services-inc-bkfs-receives-41-50-average-pt-from-analysts-updated-updated-updated.html.

Black Knight Financial Services (NYSE BKFS) traded down 0.12% during midday trading on Friday, hitting $41.35. 103,950 shares of the stock traded hands. The stock’s 50-day moving average price is $41.55 and its 200 day moving average price is $39.40. Black Knight Financial Services has a 52 week low of $34.00 and a 52 week high of $43.70. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 72.93 and a beta of 0.75.

Black Knight Financial Services (NYSE:BKFS) last issued its earnings results on Wednesday, July 19th. The technology company reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. Black Knight Financial Services had a net margin of 3.96% and a return on equity of 8.29%. The company had revenue of $263.40 million for the quarter, compared to the consensus estimate of $265.24 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts predict that Black Knight Financial Services will post $1.37 EPS for the current year.

In other news, Director H. Lee Equity Fund Vi Thomas sold 750,000 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $41.90, for a total transaction of $31,425,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas J. Sanzone sold 30,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $39.17, for a total transaction of $1,175,100.00. Following the sale, the chief executive officer now owns 871,990 shares in the company, valued at approximately $34,155,848.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 870,000 shares of company stock worth $36,167,700. Insiders own 30.91% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BKFS. ShearLink Capital LLC purchased a new position in shares of Black Knight Financial Services during the second quarter worth about $15,821,000. Vanguard Group Inc. boosted its position in shares of Black Knight Financial Services by 20.5% in the second quarter. Vanguard Group Inc. now owns 2,251,429 shares of the technology company’s stock worth $92,196,000 after buying an additional 382,259 shares during the last quarter. Northern Trust Corp boosted its position in shares of Black Knight Financial Services by 6.1% in the second quarter. Northern Trust Corp now owns 324,812 shares of the technology company’s stock worth $13,301,000 after buying an additional 18,707 shares during the last quarter. Citigroup Inc. purchased a new position in shares of Black Knight Financial Services during the second quarter worth about $103,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Black Knight Financial Services by 3.9% in the second quarter. UBS Asset Management Americas Inc. now owns 15,877 shares of the technology company’s stock worth $650,000 after buying an additional 600 shares during the last quarter.

Black Knight Financial Services Company Profile

Black Knight Financial Services, Inc is a holding company. The Company, through its subsidiaries, 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.

Analyst Recommendations for Black Knight Financial Services (NYSE:BKFS)

Receive News & Ratings for Black Knight Financial Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Knight Financial Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply