Natixis Advisors LLC Reduces Stock Holdings in Blackbaud, Inc. (NASDAQ:BLKB)

Natixis Advisors LLC lessened its stake in Blackbaud, Inc. (NASDAQ:BLKB) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,367 shares of the technology company’s stock after selling 1,545 shares during the quarter. Natixis Advisors LLC’s holdings in Blackbaud were worth $1,284,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky increased its position in shares of Blackbaud by 52.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 56,336 shares of the technology company’s stock worth $4,770,000 after acquiring an additional 19,270 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Blackbaud in the 4th quarter valued at approximately $377,000. JPMorgan Chase & Co. boosted its stake in shares of Blackbaud by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,634 shares of the technology company’s stock valued at $19,107,000 after buying an additional 7,097 shares during the last quarter. Tributary Capital Management LLC grew its position in shares of Blackbaud by 1.3% during the fourth quarter. Tributary Capital Management LLC now owns 293,148 shares of the technology company’s stock worth $21,670,000 after buying an additional 3,739 shares in the last quarter. Finally, Simcoe Capital Management LLC bought a new stake in shares of Blackbaud in the third quarter worth $5,987,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Blackbaud Stock Performance

BLKB stock opened at $62.13 on Wednesday. The company has a market capitalization of $3.06 billion, a P/E ratio of -10.53 and a beta of 1.08. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 7.40. The company has a 50-day simple moving average of $71.50 and a 200 day simple moving average of $77.88. Blackbaud, Inc. has a fifty-two week low of $61.23 and a fifty-two week high of $88.95.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.50). The company had revenue of $302.23 million for the quarter, compared to analyst estimates of $303.41 million. Blackbaud had a negative net margin of 24.83% and a positive return on equity of 26.30%. Sell-side analysts predict that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased their price objective on shares of Blackbaud from $80.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.33.

Blackbaud 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.