Research analysts at William Blair began coverage on shares of Black Knight Financial Services, Inc. (NYSE:BKFS) in a research note issued to investors on Wednesday. The brokerage set an “outperform” rating on the technology company’s stock.

Other equities analysts have also issued reports about the stock. TheStreet raised shares of Black Knight Financial Services from a “c” rating to a “b-” rating in a research report on Friday, May 19th. Bank of America Corporation increased their price objective on shares of Black Knight Financial Services from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Zacks Investment Research raised shares of Black Knight Financial Services from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, May 18th. BidaskClub raised shares of Black Knight Financial Services from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, Knight Equity reaffirmed a “hold” rating on shares of Black Knight Financial Services in a research report on Wednesday, July 19th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Black Knight Financial Services has an average rating of “Buy” and an average target price of $46.00.

Black Knight Financial Services (NYSE:BKFS) traded up 1.27% on Wednesday, hitting $43.70. 97,058 shares of the stock traded hands. The firm has a 50-day moving average price of $43.05 and a 200-day moving average price of $38.97. Black Knight Financial Services has a 12 month low of $34.00 and a 12 month high of $44.15. The company has a market capitalization of $2.93 billion, a PE ratio of 77.07 and a beta of 0.75.

Black Knight Financial Services (NYSE:BKFS) last announced its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The firm had revenue of $263.40 million during the quarter, compared to analyst estimates of $265.24 million. Black Knight Financial Services had a net margin of 3.96% and a return on equity of 8.29%. Black Knight Financial Services’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.29 EPS. Analysts forecast that Black Knight Financial Services will post $1.37 earnings per share for the current year.

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In other Black Knight Financial Services news, CEO Thomas J. Sanzone sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $41.75, for a total transaction of $1,252,500.00. Following the completion of the transaction, the chief executive officer now directly owns 871,990 shares of the company’s stock, valued at approximately $36,405,582.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 30.91% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BKFS. Wells Fargo & Company MN raised its position in Black Knight Financial Services by 2,146.1% during the 2nd quarter. Wells Fargo & Company MN now owns 1,380,390 shares of the technology company’s stock worth $56,528,000 after buying an additional 1,318,933 shares during the last quarter. Columbia Wanger Asset Management LLC purchased a new position in Black Knight Financial Services during the 1st quarter worth approximately $25,557,000. ShearLink Capital LLC purchased a new position in Black Knight Financial Services during the 2nd quarter worth approximately $15,821,000. Vanguard Group Inc. raised its position in Black Knight Financial Services by 20.5% during the 2nd 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. Finally, Marshall Wace North America L.P. purchased a new position in Black Knight Financial Services during the 2nd quarter worth approximately $15,285,000. 99.88% of the stock is owned by institutional investors.

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.

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

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