Black Knight Inc (NYSE:BKI) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 1,894,600 shares, a decrease of 20.5% from the June 15th total of 2,382,500 shares. Based on an average daily volume of 694,500 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.3% of the company’s stock are short sold.

In related news, insider William P. Foley II sold 250,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $61.21, for a total transaction of $15,302,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard N. Massey sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $60.19, for a total value of $601,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 301,529 shares of company stock valued at $18,196,645 over the last 90 days. 4.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. grew its holdings in Black Knight by 3.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,197 shares of the company’s stock worth $279,000 after acquiring an additional 224 shares during the period. First Bank & Trust grew its holdings in Black Knight by 9.7% during the first quarter. First Bank & Trust now owns 2,961 shares of the company’s stock worth $161,000 after acquiring an additional 263 shares during the period. Strs Ohio grew its holdings in Black Knight by 4.4% during the second quarter. Strs Ohio now owns 8,580 shares of the company’s stock worth $516,000 after acquiring an additional 359 shares during the period. Keybank National Association OH grew its holdings in Black Knight by 3.8% during the first quarter. Keybank National Association OH now owns 9,984 shares of the company’s stock worth $544,000 after acquiring an additional 362 shares during the period. Finally, American Century Companies Inc. grew its holdings in Black Knight by 1.4% during the fourth quarter. American Century Companies Inc. now owns 29,320 shares of the company’s stock worth $1,321,000 after acquiring an additional 394 shares during the period. 86.75% of the stock is currently owned by hedge funds and other institutional investors.

Black Knight stock traded up $0.96 during midday trading on Friday, hitting $63.14. 537,033 shares of the company were exchanged, compared to its average volume of 586,870. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 2.43 and a beta of 0.68. Black Knight has a fifty-two week low of $42.30 and a fifty-two week high of $63.28. The stock’s fifty day simple moving average is $61.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.24 and a quick ratio of 1.24.

Black Knight (NYSE:BKI) last posted its earnings results on Wednesday, May 1st. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The firm had revenue of $283.20 million for the quarter, compared to analyst estimates of $282.51 million. Black Knight had a return on equity of 13.64% and a net margin of 14.65%. Black Knight’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. Equities research analysts expect that Black Knight will post 1.74 earnings per share for the current year.

Several research analysts recently issued reports on the company. Barclays upped their target price on Black Knight from $56.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Zacks Investment Research lowered First Merchants from a “hold” rating to a “sell” rating in a report on Monday, July 1st. Deutsche Bank reissued a “hold” rating and issued a GBX 1,775 ($23.19) price objective on shares of in a report on Wednesday, June 26th. Oppenheimer increased their price objective on Black Knight from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of WPP in a report on Monday, June 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $60.97.

Black Knight Company Profile

Black Knight, Inc provides integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals in the United States. Its Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans that automates various areas of loan servicing; Bankruptcy / Foreclosure solutions for managing and automating a range of different workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors by automating billing and invoice process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.

Read More: Cost of Goods Sold (COGS)

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