Hillsdale Investment Management Inc. Invests $7.72 Million in Blackbaud, Inc. $BLKB

Posted by Brian Himes on May 30th, 2026

Hillsdale Investment Management Inc. purchased a new position in Blackbaud, Inc. (NASDAQ:BLKB – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 121,900 shares of the technology company’s stock, valued at approximately $7,719,000.

A number of other hedge funds have also recently made changes to their positions in BLKB. Northwestern Mutual Wealth Management Co. lifted its position in Blackbaud by 143,409.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock valued at $139,759,000 after acquiring an additional 2,205,641 shares in the last quarter. Vanguard Group Inc. lifted its position in Blackbaud by 14.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company’s stock valued at $354,762,000 after acquiring an additional 706,695 shares in the last quarter. SG Capital Management LLC lifted its position in Blackbaud by 777.3% in the 3rd quarter. SG Capital Management LLC now owns 598,547 shares of the technology company’s stock valued at $38,493,000 after acquiring an additional 530,320 shares in the last quarter. Shapiro Capital Management LLC lifted its position in Blackbaud by 248.3% in the 3rd quarter. Shapiro Capital Management LLC now owns 419,189 shares of the technology company’s stock valued at $26,958,000 after acquiring an additional 298,839 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in Blackbaud in the 3rd quarter valued at approximately $10,586,000. 94.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BLKB shares. Stifel Nicolaus lowered their price objective on Blackbaud from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Weiss Ratings raised Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Evercore set a $55.00 price objective on Blackbaud in a research report on Wednesday, February 11th. Robert W. Baird raised Blackbaud from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $60.00 to $50.00 in a research report on Thursday, April 30th. Finally, Zacks Research cut Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $52.50.

View Our Latest Research Report on BLKB

Blackbaud Trading Up 1.0%

NASDAQ:BLKB opened at $30.69 on Friday. The company has a debt-to-equity ratio of 33.66, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 1.08 and a beta of 1.09. Blackbaud, Inc. has a one year low of $28.88 and a one year high of $74.88. The business has a fifty day moving average price of $36.10 and a 200-day moving average price of $48.67.

Blackbaud (NASDAQ:BLKB – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $281.14 million during the quarter, compared to analyst estimates of $279.81 million. Blackbaud had a return on equity of 176.76% and a net margin of 12.41%.Blackbaud’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Sell-side analysts forecast that Blackbaud, Inc. will post 3.57 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Kevin P. Gregoire sold 2,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total value of $100,040.00. Following the completion of the transaction, the executive vice president owned 135,194 shares of the company’s stock, valued at approximately $6,762,403.88. This represents a 1.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.97% of the company’s stock.

Blackbaud Profile

(Free Report)

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.