A number of other research firms have also commented on BLKB. Zacks Investment Research lowered shares of Blackbaud from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Stephens lowered shares of Blackbaud from an “overweight” rating to an “equal weight” rating and set a $86.00 price objective for the company. in a research note on Wednesday, April 3rd. Finally, DA Davidson raised their price objective on shares of Blackbaud to $75.00 and gave the stock a “neutral” rating in a research note on Friday, March 29th. One analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company. Blackbaud has an average rating of “Hold” and an average price target of $88.14.
Blackbaud stock opened at $79.18 on Tuesday. Blackbaud has a 52 week low of $58.23 and a 52 week high of $120.35. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $3.83 billion, a P/E ratio of 48.09, a PEG ratio of 7.28 and a beta of 1.21.
Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Blackbaud had a net margin of 3.02% and a return on equity of 21.47%. The firm had revenue of $215.83 million during the quarter, compared to analyst estimates of $212.32 million. During the same quarter last year, the business posted $0.66 EPS. The company’s revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that Blackbaud will post 1.28 EPS for the current year.
In other Blackbaud news, EVP Kevin W. Mooney sold 8,858 shares of Blackbaud stock in a transaction on Monday, June 10th. The shares were sold at an average price of $80.00, for a total transaction of $708,640.00. Following the completion of the sale, the executive vice president now owns 92,901 shares of the company’s stock, valued at approximately $7,432,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy C. K. Chou sold 400 shares of Blackbaud stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $76.98, for a total transaction of $30,792.00. Following the sale, the director now directly owns 20,114 shares of the company’s stock, valued at approximately $1,548,375.72. The disclosure for this sale can be found here. Company insiders own 1.55% of the company’s stock.
Several large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in shares of Blackbaud by 0.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,277 shares of the technology company’s stock valued at $1,297,000 after buying an additional 131 shares during the period. Campbell Newman Asset Management Inc. lifted its stake in shares of Blackbaud by 2.4% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 8,560 shares of the technology company’s stock valued at $682,000 after purchasing an additional 204 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Blackbaud by 1.4% in the 1st quarter. Bank of Montreal Can now owns 15,283 shares of the technology company’s stock valued at $1,219,000 after purchasing an additional 215 shares during the last quarter. Flinton Capital Management LLC lifted its stake in shares of Blackbaud by 5.4% in the 4th quarter. Flinton Capital Management LLC now owns 4,400 shares of the technology company’s stock valued at $277,000 after purchasing an additional 224 shares during the last quarter. Finally, Empire Life Investments Inc. lifted its stake in shares of Blackbaud by 3.7% in the 1st quarter. Empire Life Investments Inc. now owns 6,355 shares of the technology company’s stock valued at $507,000 after purchasing an additional 229 shares during the last quarter.
Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, individual change agents, and other charitable giving entities. The company offers fundraising and relationship management solutions and services, including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud Luminate CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, everydayhero, Blackbaud Peer-to-Peer Fundraising, and Blackbaud Guided Fundraising; and marketing and engagement solutions, such as Blackbaud Luminate Online, Blackbaud Online Express, Blackbaud NetCommunity, Blackbaud Attentive.ly, and Blackbaud School Website System.
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