Somewhat Favorable News Coverage Somewhat Unlikely to Impact Black Knight Financial Services (BKFS) Share Price
News headlines about Black Knight Financial Services (NYSE:BKFS) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Black Knight Financial Services earned a news impact score of 0.24 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.0304283557629 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research firms recently commented on BKFS. William Blair began coverage on Black Knight Financial Services in a research note on Wednesday, September 13th. They issued an “outperform” rating for the company. Zacks Investment Research upgraded Black Knight Financial Services from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub lowered Black Knight Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Bank of America Corporation upped their target price on Black Knight Financial Services from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Finally, Knight Equity reiterated a “hold” rating on shares of Black Knight Financial Services in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.50.
Shares of Black Knight Financial Services (BKFS) opened at 43.05 on Wednesday. The firm’s 50-day moving average price is $43.96 and its 200 day moving average price is $43.96. Black Knight Financial Services has a 52 week low of $34.00 and a 52 week high of $45.25. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 75.93 and a beta of 0.74.
Black Knight Financial Services (NYSE:BKFS) last announced its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. Black Knight Financial Services had a return on equity of 8.29% and a net margin of 3.96%. The business had revenue of $263.40 million during the quarter, compared to analyst estimates of $265.24 million. During the same period last year, the company earned $0.29 earnings per share. Black Knight Financial Services’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Black Knight Financial Services will post $1.38 EPS for the current year.
In related news, CEO Thomas J. Sanzone sold 30,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $44.19, for a total transaction of $1,325,700.00. Following the completion of the sale, the chief executive officer now directly owns 871,990 shares in the company, valued at $38,533,238.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 30.78% of the stock is currently owned by company insiders.
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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.
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