Blackbaud, Inc. (NASDAQ:BLKB) released its earnings results on Wednesday, October 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.05, Bloomberg Earnings reports. The business had revenue of $195.51 million for the quarter, compared to analyst estimates of $196.35 million. Blackbaud had a return on equity of 31.25% and a net margin of 6.82%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share.
Blackbaud (BLKB) traded up $0.98 during midday trading on Friday, reaching $99.43. The company had a trading volume of 160,300 shares, compared to its average volume of 317,019. Blackbaud has a 1 year low of $59.54 and a 1 year high of $103.41. The stock has a market capitalization of $4,734.42, a P/E ratio of 58.60, a PEG ratio of 3.99 and a beta of 0.86. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.63 and a quick ratio of 0.63.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th will be given a $0.12 dividend. The ex-dividend date is Monday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 0.48%. Blackbaud’s dividend payout ratio is currently 44.04%.
A number of research analysts have recently issued reports on the company. B. Riley reissued a “neutral” rating and issued a $78.00 target price on shares of Blackbaud in a report on Wednesday, August 2nd. Robert W. Baird set a $85.00 price objective on Blackbaud and gave the stock a “hold” rating in a report on Sunday, October 1st. Dougherty & Co began coverage on Blackbaud in a report on Tuesday, October 31st. They set a “neutral” rating on the stock. Zacks Investment Research lowered Blackbaud from a “hold” rating to a “strong sell” rating in a report on Monday, August 7th. Finally, Citigroup Inc. set a $112.00 price objective on Blackbaud and gave the stock a “buy” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $91.44.
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In other Blackbaud news, Director George H. Ellis sold 1,500 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $101.47, for a total transaction of $152,205.00. Following the completion of the sale, the director now directly owns 7,511 shares in the company, valued at $762,141.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Anthony W. Boor sold 1,989 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $98.26, for a total value of $195,439.14. Following the sale, the chief financial officer now owns 105,342 shares of the company’s stock, valued at $10,350,904.92. The disclosure for this sale can be found here. Insiders have sold 18,803 shares of company stock worth $1,653,390 over the last quarter. 2.19% of the stock is currently owned by company insiders.
Blackbaud Company Profile
Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).
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