Monness Crespi Hardt Downgrades Black Knight Financial Services Inc to Sell

Brokerage firm Monness Crespi Hardt Downgrades its rating on Black Knight Financial Services Inc(NYSE:BKFS). The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by Monness Crespi Hardt was issued on Jul 21, 2016.

Black Knight Financial Services Inc (BKFS) made into the market gainers list on Wednesdays trading session with the shares advancing 0.97% or 0.37 points. Due to strong positive momentum, the stock ended at $38.71, which is also near the day’s high of $39. The stock began the session at $38.52 and the volume stood at 1,05,550 shares. The 52-week high of the shares is $38.8899 and the 52 week low is $25.24. The company has a current market capitalization of $5,958 M and it has 15,39,21,340 shares in outstanding.

Black Knight Financial Services Inc(BKFS) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $241.90M. Analysts had an estimated revenue of $243.72M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.25.

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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