Blackbaud, Inc. (NASDAQ:BLKB) Given Average Rating of “Hold” by Analysts

Blackbaud, Inc. (NASDAQ:BLKB) has been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $86.67.

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Blackbaud from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, September 26th. Baird R W downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Raymond James dropped their price objective on Blackbaud from $98.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, October 7th. Finally, Robert W. Baird lowered Blackbaud from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $92.00 to $80.00 in a research report on Thursday, October 31st.

Insider Buying and Selling at Blackbaud

In other Blackbaud news, Director Sarah E. Nash sold 3,100 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $83.98, for a total transaction of $260,338.00. Following the completion of the sale, the director now directly owns 23,723 shares of the company’s stock, valued at approximately $1,992,257.54. This represents a 11.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Kevin P. Gregoire sold 6,619 shares of Blackbaud stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $85.68, for a total transaction of $567,115.92. Following the completion of the transaction, the chief operating officer now directly owns 99,096 shares in the company, valued at approximately $8,490,545.28. The trade was a 6.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,923 shares of company stock valued at $3,737,450. 1.95% of the stock is currently owned by corporate insiders.

Institutional Trading of Blackbaud

A number of institutional investors have recently made changes to their positions in BLKB. State Street Corp raised its stake in Blackbaud by 3.5% in the third quarter. State Street Corp now owns 1,647,284 shares of the technology company’s stock valued at $139,492,000 after buying an additional 56,090 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its position in shares of Blackbaud by 22.5% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,283,473 shares of the technology company’s stock valued at $108,684,000 after purchasing an additional 235,859 shares during the last quarter. Geneva Capital Management LLC raised its position in shares of Blackbaud by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 1,175,493 shares of the technology company’s stock valued at $99,541,000 after purchasing an additional 4,122 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Blackbaud by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,036,467 shares of the technology company’s stock worth $78,949,000 after purchasing an additional 8,761 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its position in Blackbaud by 1.6% during the 2nd quarter. Van Berkom & Associates Inc. now owns 657,419 shares of the technology company’s stock worth $50,076,000 after purchasing an additional 10,203 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Blackbaud Stock Up 0.5 %

Shares of NASDAQ BLKB opened at $76.12 on Friday. Blackbaud has a 1 year low of $66.47 and a 1 year high of $88.95. The firm has a 50-day simple moving average of $82.02 and a two-hundred day simple moving average of $80.40. The company has a market cap of $3.86 billion, a P/E ratio of 74.63 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.68 and a quick ratio of 0.68.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.08). Blackbaud had a net margin of 4.61% and a return on equity of 20.34%. The business had revenue of $286.70 million for the quarter, compared to analysts’ expectations of $293.74 million. During the same quarter in the previous year, the firm earned $0.65 EPS. Blackbaud’s revenue was up 3.3% compared to the same quarter last year. Research analysts anticipate that Blackbaud will post 2.6 earnings per share for the current year.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.