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Vontobel Holding Ltd. Buys a Share of Black Knight, Inc. (NYSE:BKI)

Yasmim Mendonça by Yasmim Mendonça
February 5, 2023
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According to the most recent report filed with the Securities and Exchange Commission, Vontobel Holding Ltd acquired a new interest in Black Knight, INC (NYSE: BKI) during the third quarter of this year.

This information came from the filing that was made with the SEC.

It was retrieved from there.

To purchase 3,856 shares of the company’s stock, the institutional investor contributed close to two hundred and fifty thousand dollars.

In recent months, various other institutional investors and hedge funds have either increased or decreased the amount of BKI stock they hold in their portfolios.

The Canada Pension Plan Investment Board increased the percentage of Black Knight stock owned by 212.8% over the first three months of this year.

The Canada Pension Plan Investment Board now holds 538 shares of the company’s stock, with a value of $31,000.

This is a result of the board’s purchase of an additional 366 shares during the most recent quarter.

During the second quarter, CWM LLC achieved a 78.2% increase in the proportion of Black Knight shares it owned. CWM LLC now has 704 shares, with a current value of $46,000, after purchasing an additional 309 shares during the most recent quarter.

During the third quarter of 2018, Wipfli Financial Advisors LLC invested in Black Knight in the amount of $50,000.

During the third quarter, Ellevest INC was able to achieve growth in the size of its holdings in Black Knight, which was equivalent to a 356.7 percent increase.

Ellevest INC now has 813 shares, worth a combined total of $53,000, after purchasing an additional 635 shares during the most recent fiscal quarter.

The last action that needed to be taken was for Ronald Blue Trust INC to make a new investment of $79,000 in Black Knight during the second quarter of this year.

At present, institutional investors and hedge funds collectively control 87.73 percent of the total shares issued by the company.
NYSE: BKI began trading at $61.60 on Friday.

Black Knight, INC hit an all-time low of $52.00 during the past year, while the company reached an all-time high of $79.78 during the same period.

The current ratio, the quick ratio, and the debt-to-current assets ratio all come in at 1.15, while the debt-to-current assets ratio sits at 1.04.

The company’s market capitalization is currently sitting at $9.61 billion; it has a beta value of 0.50, its P/E ratio is 19.31, and its PEG ratio is 7.50.

In addition, the company is valued at $9.61 billion, according to the stock market.

The company’s moving average price over the past 50 days is $60.51, and its average price over the past 200 days is $62.86.

On November 3, Black Knight (NYSE: BKI) disclosed the results of its most recent quarterly earnings report to the public.

The company reported an EPS of $0.49 for the period, which is $0.13 less than the average estimate of $0.62 that was made for the period.

The return on equity for Black Knight was 14.53%, and the net margin for the company was 31.88%.

The revenue for the quarter came in at $386.70 million, which was lower than the $408.65 million that analysts had predicted would be for the quarter.

According to the projections made by market analysts, Black Knight, INC will bring in $2.15 worth of earnings per share during the current financial year.

Throughout the past few weeks, various brokerage houses have presented their points of view regarding BKI.

Barclays reaffirmed its “equal weight” rating on the shares of Black Knight and positioned them with a price objective of $65.00 in a report made public by the brokerage firm on Friday, December 2.

Barclays’ report was made public by the company. Keefe, Bruyette & Woods upgraded their rating on Black Knight from “market perform” to “outperform” in a report released on Wednesday, December 14.

In addition, they increased their price objective for the stock from $66.00 to $69.00.

According to the data from Bloomberg.com, the stock appears to have been given a hold recommendation by five research specialists.

At this juncture, the consensus within the company is to “hold” the stock, and the average price objective is currently set at $75.83.

Black Knight, INC offers a variety of products and services that include integrated software, data, and analytics, and the company offers solutions for these integrations.

The collection and analysis of data and the development of software solutions are the two primary business focuses of the company.

Through the website’s Software Solutions section, users can access hosting and software solutions for loan servicing, origination, and settlement.

Tags: BKI, Analyst Rating
Yasmim Mendonça

Yasmim Mendonça

Yasmine's focus is on uncovering early-stage ideas with the potential to have a lasting impact. Her educational background includes a bachelor's degree in finance, an MBA, and two tests completed - the CFA and CMT.

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