Blackbaud, Inc. (NASDAQ:BLKB) Receives $85.33 Average Price Target from Brokerages

Shares of Blackbaud, Inc. (NASDAQ:BLKB) have been assigned a consensus recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $85.33.

Separately, Robert W. Baird cut their target price on Blackbaud from $80.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th.

Blackbaud Trading Down 1.0 %

BLKB opened at $63.89 on Friday. The firm’s 50 day moving average is $72.69 and its 200-day moving average is $78.55. The firm has a market capitalization of $3.15 billion, a P/E ratio of -10.83 and a beta of 1.08. Blackbaud has a 52-week low of $62.99 and a 52-week high of $88.95. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 7.40.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Tuesday, February 18th. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.50). Blackbaud had a negative net margin of 24.83% and a positive return on equity of 26.30%. The business had revenue of $302.23 million for the quarter, compared to analyst estimates of $303.41 million. Analysts expect that Blackbaud will post 3.05 EPS for the current fiscal year.

Institutional Trading of Blackbaud

Several institutional investors have recently added to or reduced their stakes in BLKB. Janus Henderson Group PLC boosted its holdings in shares of Blackbaud by 1.2% in the 4th quarter. Janus Henderson Group PLC now owns 2,885,062 shares of the technology company’s stock valued at $213,263,000 after buying an additional 34,600 shares during the period. State Street Corp lifted its holdings in Blackbaud by 3.5% in the third quarter. State Street Corp now owns 1,647,284 shares of the technology company’s stock worth $139,492,000 after acquiring an additional 56,090 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its stake in Blackbaud by 3.6% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,329,308 shares of the technology company’s stock valued at $98,262,000 after acquiring an additional 45,835 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Blackbaud by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,019,923 shares of the technology company’s stock valued at $75,393,000 after purchasing an additional 3,119 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Blackbaud by 9.1% during the fourth quarter. Northern Trust Corp now owns 693,577 shares of the technology company’s stock valued at $51,269,000 after purchasing an additional 57,941 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

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.