Hollencrest Securities LLC cut its position in shares of Black Knight Financial Services, Inc. (NYSE:BKFS) by 14.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,244 shares of the technology company’s stock after selling 3,756 shares during the period. Hollencrest Securities LLC’s holdings in Black Knight Financial Services were worth $911,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BKFS. Columbia Wanger Asset Management LLC bought a new stake in Black Knight Financial Services during the first quarter worth $25,557,000. Victory Capital Management Inc. raised its stake in Black Knight Financial Services by 10.1% in the first quarter. Victory Capital Management Inc. now owns 3,892,207 shares of the technology company’s stock worth $149,072,000 after buying an additional 358,044 shares in the last quarter. Norges Bank bought a new stake in Black Knight Financial Services during the fourth quarter worth $13,390,000. Renaissance Technologies LLC raised its stake in Black Knight Financial Services by 188.1% in the first quarter. Renaissance Technologies LLC now owns 284,900 shares of the technology company’s stock worth $10,912,000 after buying an additional 186,000 shares in the last quarter. Finally, FMR LLC raised its stake in Black Knight Financial Services by 48.6% in the fourth quarter. FMR LLC now owns 305,800 shares of the technology company’s stock worth $11,559,000 after buying an additional 99,993 shares in the last quarter.

Black Knight Financial Services, Inc. (NYSE BKFS) opened at 42.25 on Monday. The company has a 50 day moving average price of $41.00 and a 200 day moving average price of $39.15. The firm has a market capitalization of $2.83 billion, a P/E ratio of 74.51 and a beta of 0.75. Black Knight Financial Services, Inc. has a 52-week low of $34.00 and a 52-week high of $43.70.

Black Knight Financial Services (NYSE:BKFS) last posted its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.33 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 last year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts forecast that Black Knight Financial Services, Inc. will post $1.37 EPS for the current fiscal year.

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A number of equities analysts have recently issued reports on BKFS shares. Zacks Investment Research downgraded Black Knight Financial Services from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. TheStreet raised Black Knight Financial Services from a “c” rating to a “b-” rating in a research report on Friday, May 19th. Bank of America Corporation upped their price target on Black Knight Financial Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. Knight Equity reaffirmed a “hold” rating on shares of Black Knight Financial Services in a research report on Wednesday, July 19th. Finally, BidaskClub raised Black Knight Financial Services from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $46.00.

In related news, CEO Thomas J. Sanzone sold 30,000 shares of Black Knight Financial Services stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $41.75, for a total value of $1,252,500.00. Following the sale, the chief executive officer now directly owns 871,990 shares in the company, valued at approximately $36,405,582.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director H. Lee Equity Fund Vi Thomas sold 750,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $41.90, for a total transaction of $31,425,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 870,000 shares of company stock worth $36,167,700. Insiders own 30.91% of the company’s stock.

About Black Knight Financial Services

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.

Institutional Ownership by Quarter for Black Knight Financial Services (NYSE:BKFS)

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