Keefe Bruyette & Woods Upgrades Black Knight Financial Services Inc to Outperform with Price Target $46.00

Brokerage firm Keefe Bruyette & Woods Upgrades its rating on Black Knight Financial Services Inc(NYSE:BKFS). In a research note issued to the investors, the brokerage major Raises the price-target to $46.00 per share. The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Keefe Bruyette & Woods was issued on Sep 19, 2016.

In a different note, On Jul 21, 2016, Monness Crespi Hardt said it Downgrades its rating on Black Knight Financial Services Inc. The shares have been rated ‘Sell’ by the firm.

Black Knight Financial Services Inc (BKFS) shares turned negative on Thursdays trading session with the shares closing down -0.04 points or -0.10% at a volume of 1,28,325. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.33. The peak price level was also seen at $41.33 while the days lowest was $40.82. Finally the shares closed at $41. The 52-week high of the shares is $42.19 while the 52-week low is $25.24. According to the latest information available, the market cap of the company is $6,311 M.

Black Knight Financial Services Inc(BKFS) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $257.50M. Analysts had an estimated revenue of $251.88M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, David K Hunt (director) sold 10,627 shares at $36.50 per share price.Also, On Jun 24, 2016, Anthony Orefice (Chief Operating Officer) sold 42,125 shares at $35.00 per share price.On Jun 24, 2016, William P Ii Foley (Chairman) sold 46,659 shares at $34.35 per share price, according to the Form-4 filing with the securities and exchange commission.

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 industry. The Company operates through two segments: Technology and Data and Analytics. The Company’s Technology segment offers software and hosting solutions that support loan servicing which includes the core mortgage servicing specialty mortgage servicing including loss mitigation and default workflow management loan origination and settlement services. Its Data and Analytics segment offers solutions support its technology products in the mortgage real estate and capital markets industries. These solutions include property ownership data lien data servicing data automated valuation models collateral risk scores prepayment and default models lead generation and other data solutions. Its subsidiaries include Black Knight InfoServ LLC and Black Knight Financial Services LLC.

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