Calamos Advisors LLC Has $10.47 Million Stock Holdings in Blackbaud, Inc. $BLKB

Calamos Advisors LLC increased its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 19.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,049 shares of the technology company’s stock after buying an additional 26,315 shares during the quarter. Calamos Advisors LLC owned 0.34% of Blackbaud worth $10,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BLKB. CWM LLC boosted its position in Blackbaud by 215.9% during the 2nd quarter. CWM LLC now owns 458 shares of the technology company’s stock worth $29,000 after acquiring an additional 313 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Blackbaud in the second quarter worth approximately $33,000. Parallel Advisors LLC acquired a new stake in shares of Blackbaud during the second quarter worth approximately $44,000. Farther Finance Advisors LLC grew its position in Blackbaud by 2,168.3% during the second quarter. Farther Finance Advisors LLC now owns 1,361 shares of the technology company’s stock valued at $87,000 after purchasing an additional 1,301 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Blackbaud by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,300 shares of the technology company’s stock valued at $143,000 after buying an additional 231 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Blackbaud Price Performance

NASDAQ BLKB opened at $60.28 on Friday. Blackbaud, Inc. has a fifty-two week low of $56.22 and a fifty-two week high of $88.95. The stock’s 50-day moving average is $64.32 and its two-hundred day moving average is $64.01. The company has a debt-to-equity ratio of 9.63, a current ratio of 0.69 and a quick ratio of 0.84. The firm has a market cap of $2.88 billion, a P/E ratio of -11.59, a price-to-earnings-growth ratio of 4.75 and a beta of 1.08.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Monday, March 4th. The technology company reported $0.68 earnings per share (EPS) for the quarter. Blackbaud had a positive return on equity of 137.13% and a negative net margin of 22.57%.The company had revenue of $274.76 million during the quarter. On average, analysts anticipate that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BLKB. Wall Street Zen raised shares of Blackbaud from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Blackbaud in a research report on Wednesday, October 8th. Zacks Research upgraded Blackbaud from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Stifel Nicolaus set a $70.00 price target on Blackbaud in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $73.00.

Insider Transactions at Blackbaud

In other Blackbaud news, CEO Michael P. Gianoni sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $57.68, for a total transaction of $288,400.00. Following the transaction, the chief executive officer owned 372,985 shares in the company, valued at $21,513,774.80. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.97% of the stock is owned by insiders.

Blackbaud Profile

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.