Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) CFO Anthony W. Boor sold 3,100 shares of the company's stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $79.48, for a total value of $246,388.00. Following the sale, the chief financial officer now owns 158,268 shares of the company's stock, valued at $12,579,140.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Blackbaud Stock Up 3.1 %
Shares of NASDAQ BLKB opened at $79.13 on Tuesday. Blackbaud, Inc. has a 12-month low of $64.32 and a 12-month high of $88.56. The company has a market cap of $4.23 billion, a P/E ratio of 2,637.67, a P/E/G ratio of 3.33 and a beta of 1.04. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.94. The stock has a fifty day moving average price of $72.75 and a 200 day moving average price of $75.95.
Blackbaud (NASDAQ:BLKB - Get Free Report) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.09. The company had revenue of $295.01 million during the quarter, compared to the consensus estimate of $299.04 million. Blackbaud had a return on equity of 14.59% and a net margin of 0.16%. The company's revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share. Research analysts anticipate that Blackbaud, Inc. will post 2.35 EPS for the current fiscal year.
Analysts Set New Price Targets
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Several analysts recently issued reports on the company. StockNews.com upgraded Blackbaud from a "hold" rating to a "buy" rating in a report on Thursday, April 11th. Robert W. Baird lowered their price target on Blackbaud from $95.00 to $88.00 and set an "outperform" rating for the company in a report on Wednesday, February 14th.
Read Our Latest Analysis on Blackbaud
Institutional Trading of Blackbaud
Several large investors have recently modified their holdings of the business. US Bancorp DE grew its stake in shares of Blackbaud by 2.4% during the fourth quarter. US Bancorp DE now owns 5,259 shares of the technology company's stock valued at $456,000 after acquiring an additional 124 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of Blackbaud by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 53,958 shares of the technology company's stock valued at $4,678,000 after acquiring an additional 163 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Blackbaud by 1.4% during the fourth quarter. Franklin Resources Inc. now owns 12,840 shares of the technology company's stock valued at $1,113,000 after acquiring an additional 183 shares in the last quarter. Comerica Bank grew its stake in shares of Blackbaud by 0.9% during the fourth quarter. Comerica Bank now owns 20,671 shares of the technology company's stock valued at $1,792,000 after acquiring an additional 186 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in shares of Blackbaud by 4.2% during the third quarter. Guggenheim Capital LLC now owns 6,064 shares of the technology company's stock valued at $268,000 after acquiring an additional 243 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.
Blackbaud Company Profile
(
Get Free Report)
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.
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