Blackbaud, Inc. (NASDAQ:BLKB) has received an average recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $90.50.
Several equities research analysts have recently weighed in on BLKB shares. BidaskClub lowered Blackbaud from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Stephens set a $92.00 target price on Blackbaud and gave the stock a “hold” rating in a research report on Friday, October 18th. ValuEngine lowered Blackbaud from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Zacks Investment Research cut Blackbaud from a “strong-buy” rating to a “hold” rating and set a $101.00 price target on the stock. in a research report on Wednesday, August 7th.
In other Blackbaud news, Director Sarah E. Nash sold 1,546 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $80.66, for a total transaction of $124,700.36. Following the sale, the director now directly owns 21,836 shares of the company’s stock, valued at $1,761,291.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Anthony W. Boor sold 2,050 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $80.76, for a total transaction of $165,558.00. Following the sale, the chief financial officer now directly owns 80,209 shares of the company’s stock, valued at approximately $6,477,678.84. The disclosure for this sale can be found here. Insiders have sold a total of 3,846 shares of company stock valued at $311,288 over the last three months. 1.56% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of BLKB. Parkside Financial Bank & Trust bought a new position in shares of Blackbaud in the 2nd quarter valued at about $25,000. GW&K Investment Management LLC bought a new stake in shares of Blackbaud during the 3rd quarter valued at $25,000. Advisory Services Network LLC raised its position in shares of Blackbaud by 70.6% during the 2nd quarter. Advisory Services Network LLC now owns 377 shares of the technology company’s stock valued at $32,000 after acquiring an additional 156 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Blackbaud during the 2nd quarter valued at $77,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Blackbaud by 1,097.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,473 shares of the technology company’s stock valued at $123,000 after purchasing an additional 1,350 shares during the period.
Shares of Blackbaud stock traded down $0.26 during trading on Friday, hitting $79.49. 211,163 shares of the company’s stock traded hands, compared to its average volume of 174,174. The company has a market cap of $4.08 billion, a PE ratio of 42.51 and a beta of 1.17. The firm’s fifty day moving average price is $84.44 and its 200 day moving average price is $85.63. Blackbaud has a twelve month low of $58.23 and a twelve month high of $97.35. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.66 and a quick ratio of 0.66.
Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings results on Monday, October 28th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.06. The firm had revenue of $221.10 million during the quarter, compared to analyst estimates of $219.36 million. Blackbaud had a net margin of 2.25% and a return on equity of 18.97%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 earnings per share. As a group, equities research analysts anticipate that Blackbaud will post 1.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.60%. The ex-dividend date is Tuesday, November 26th. Blackbaud’s dividend payout ratio is currently 25.67%.
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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