Principal Financial Group Inc. Sells 5,101 Shares of Black Knight, Inc. (BKFS)

Principal Financial Group Inc. reduced its position in Black Knight, Inc. (NYSE:BKFS) by 2.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 204,332 shares of the technology company’s stock after selling 5,101 shares during the quarter. Principal Financial Group Inc. owned about 0.31% of Black Knight worth $8,797,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BKFS. Wells Fargo & Company MN boosted its position in shares of Black Knight by 2,146.1% in the 2nd quarter. Wells Fargo & Company MN now owns 1,380,390 shares of the technology company’s stock worth $56,528,000 after buying an additional 1,318,933 shares in the last quarter. ShearLink Capital LLC purchased a new stake in shares of Black Knight in the 2nd quarter worth about $15,821,000. Vanguard Group Inc. boosted its position in shares of Black Knight by 20.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,251,429 shares of the technology company’s stock worth $92,196,000 after buying an additional 382,259 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Black Knight in the 2nd quarter valued at about $15,285,000. Finally, Crescent Grove Advisors LLC purchased a new position in Black Knight in the 2nd quarter valued at about $14,727,000. 44.68% of the stock is currently owned by institutional investors.

Shares of Black Knight, Inc. (NYSE:BKFS) opened at $43.05 on Wednesday. Black Knight, Inc. has a 1 year low of $34.00 and a 1 year high of $45.25. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.78.

In related news, CEO Thomas J. Sanzone sold 30,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were 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 owns 871,990 shares of the company’s stock, valued at approximately $38,533,238.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 30.78% of the stock is currently owned by corporate insiders.

BKFS has been the topic of a number of recent research reports. BidaskClub upgraded shares of Black Knight from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Black Knight from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Finally, William Blair initiated coverage on shares of Black Knight in a report on Wednesday, September 13th. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $46.50.

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Black Knight Company Profile

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.

Institutional Ownership by Quarter for Black Knight (NYSE:BKFS)

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