5 Best Mid-Cap Stocks To Buy Now

In this article, we discuss 5 best mid-cap stocks to buy now. If you want to see more stocks in this selection, check out 16 Best Mid-Cap Stocks To Buy Now. 

5. Black Knight, Inc. (NYSE:BKI)

Number of Hedge Fund Holders: 47

Market Cap as of February 6: $9.533 billion 

Black Knight, Inc. (NYSE:BKI) is a Florida-based company that provides integrated software, data, and analytics solutions in North America and Internationally. On January 20, Black Knight, Inc. (NYSE:BKI) stock rose 4% following a report that bankers have been consulted regarding potential divestitures as Intercontinental Exchange, Inc. (NYSE:ICE) seeks regulatory approval for its acquisition. The $13 billion planned acquisition of Black Knight was announced in May, 2022. 

On December 2, Barclays analyst Manav Patnaik downgraded Black Knight, Inc. (NYSE:BKI) from Overweight to Equal Weight with an unchanged price target of $65. He is waiting for more clarity on the outlook for U.S. business and information services stocks in 2023 and recommends reducing exposure until companies provide guidance. He prefers companies that provide conservative guidance.

According to Insider Monkey’s Q3 data, 47 hedge funds were bullish on Black Knight, Inc. (NYSE:BKI), compared to 46 funds in the last quarter. Simon Davies’ Sand Grove Capital Partners is the biggest stakeholder of the company, with 1.4 million shares worth $93 million. 

Madison Funds made the following comment about Black Knight, Inc. (NYSE:BKI) in its fourth-quarter 2022 investor letter:

“Our largest individual detractors were Brookfield Corporation, Alphabet, Amazon, Black Knight, Inc. (NYSE:BKI), and Dollar Tree. Alphabet’s price-to-earnings multiple continues to contract due to concerns about the potential for revenue to be more economically sensitive than it has been historically, given the vast size of the business today. At Amazon, cost pressures and slowing AWS growth weighed on its share price. The regulatory status of Intercontinental Exchange’s pending acquisition offer for Black Knight remains a concern, while in the interim, business conditions have deteriorated given the slowdown in the mortgage market.”