Key Points
- Blackbaud CFO Chad Anderson sold 2,000 shares at an average price of $47.56, generating $95,120. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 3.23% to 59,883 shares.
- Blackbaud’s latest quarterly results exceeded expectations, with adjusted EPS of $1.33 versus the $1.23 consensus estimate. Revenue was $290.6 million, up 3.3% year over year, though slightly below estimates.
- The stock opened at $47.47, near the analyst consensus target of $48.50, while ratings were mixed and averaged “Hold.” Institutional investors own a substantial 94.21% of the company’s outstanding shares.
Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) CFO Chad Anderson sold 2,000 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $47.56, for a total transaction of $95,120.00. Following the transaction, the chief financial officer owned 59,883 shares of the company's stock, valued at approximately $2,848,035.48. The trade was a 3.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Blackbaud Stock Performance
NASDAQ:BLKB opened at $47.47 on Thursday. Blackbaud, Inc. has a 12 month low of $25.58 and a 12 month high of $70.71. The company has a debt-to-equity ratio of 16.82, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $2.15 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99. The business's fifty day moving average price is $38.62 and its 200 day moving average price is $37.87.
Blackbaud (NASDAQ:BLKB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.10. The company had revenue of $290.60 million during the quarter, compared to the consensus estimate of $292.23 million. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.Blackbaud's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, sell-side analysts anticipate that Blackbaud, Inc. will post 3.71 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Palisade Capital Management LP acquired a new position in Blackbaud in the 2nd quarter valued at about $6,171,000. UBS Group AG increased its holdings in shares of Blackbaud by 35.0% in the fourth quarter. UBS Group AG now owns 164,128 shares of the technology company's stock valued at $10,393,000 after purchasing an additional 42,521 shares during the period. Van Berkom & Associates Inc. raised its stake in shares of Blackbaud by 16.7% during the fourth quarter. Van Berkom & Associates Inc. now owns 779,935 shares of the technology company's stock worth $49,385,000 after purchasing an additional 111,388 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Blackbaud by 143,409.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company's stock worth $139,759,000 after purchasing an additional 2,205,641 shares during the period. Finally, Wedge Capital Management L L P NC grew its position in Blackbaud by 117.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 101,975 shares of the technology company's stock valued at $3,020,000 after buying an additional 54,997 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on BLKB. Raymond James Financial restated an "outperform" rating and set a $55.00 target price on shares of Blackbaud in a research note on Wednesday, July 29th. Robert W. Baird set a $54.00 price target on shares of Blackbaud in a research note on Thursday, July 30th. Weiss Ratings raised shares of Blackbaud from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 6th. Finally, Stifel Nicolaus reduced their price objective on shares of Blackbaud from $45.00 to $30.00 and set a "hold" rating for the company in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $48.50.
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About Blackbaud
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Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company's main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser's Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.
Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.
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