Heritage Wealth Management LLC Has $90,000 Stock Holdings in Blackbaud, Inc. (NASDAQ:BLKB)

Heritage Wealth Management LLC increased its position in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 21.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,273 shares of the technology company’s stock after purchasing an additional 224 shares during the period. Heritage Wealth Management LLC’s holdings in Blackbaud were worth $90,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in shares of Blackbaud during the third quarter valued at $29,000. Advisory Services Network LLC acquired a new stake in shares of Blackbaud during the second quarter worth $65,000. Dark Forest Capital Management LP acquired a new stake in shares of Blackbaud during the second quarter worth $78,000. Private Capital Group LLC increased its position in shares of Blackbaud by 16.0% during the third quarter. Private Capital Group LLC now owns 1,160 shares of the technology company’s stock worth $82,000 after buying an additional 160 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Blackbaud in the second quarter worth $83,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

In related news, CEO Michael P. Gianoni sold 4,980 shares of the business’s stock in a transaction that occurred on Thursday, November 4th. The shares were sold at an average price of $82.00, for a total transaction of $408,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Anthony W. Boor sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, November 4th. The stock was sold at an average price of $81.50, for a total transaction of $652,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 21,831 shares of company stock worth $1,768,440. Insiders own 1.33% of the company’s stock.

Separately, Zacks Investment Research cut shares of Blackbaud from a “hold” rating to a “sell” rating and set a $82.00 price objective for the company. in a report on Wednesday, January 5th.

Shares of BLKB stock opened at $72.02 on Friday. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of -7,194.81 and a beta of 1.04. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. Blackbaud, Inc. has a 52 week low of $60.01 and a 52 week high of $86.96. The firm’s 50-day simple moving average is $78.40 and its two-hundred day simple moving average is $73.91.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings data on Tuesday, November 2nd. The technology company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.13 by $0.65. Blackbaud had a negative net margin of 0.09% and a positive return on equity of 13.34%. The business had revenue of $231.22 million for the quarter, compared to analyst estimates of $219.46 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Analysts forecast that Blackbaud, Inc. will post 1.03 earnings per share for the current year.

Blackbaud Profile

Blackbaud, Inc engages in the provision of cloud-based and on-premises software solutions and related services for the global philanthropic community. It offers solutions for fundraising and constituent relationship management (CRM), marketing, advocacy, accounting, peer-to-peer fundraising, corporate social responsibility (CSR), school management, ticketing, financial management, payment processing, and analytics.

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Institutional Ownership by Quarter for Blackbaud (NASDAQ:BLKB)

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