Blackbaud, Inc. (NASDAQ:BLKB) announced a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Stockholders of record on Tuesday, November 28th will be paid a dividend of 0.12 per share by the technology company on Friday, December 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Monday, November 27th.
Shares of Blackbaud (NASDAQ BLKB) traded up $0.98 during trading on Friday, hitting $99.43. 160,300 shares of the stock were exchanged, compared to its average volume of 317,019. Blackbaud has a 12 month low of $59.54 and a 12 month high of $103.41. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $4,734.42, a P/E ratio of 58.60, a PEG ratio of 3.99 and a beta of 0.86.
Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.05. The business had revenue of $195.51 million during the quarter, compared to analysts’ expectations of $196.35 million. Blackbaud had a net margin of 6.82% and a return on equity of 31.25%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. equities analysts predict that Blackbaud will post 1.55 earnings per share for the current year.
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In related news, EVP Kevin W. Mooney sold 900 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $101.17, for a total transaction of $91,053.00. Following the transaction, the executive vice president now directly owns 77,711 shares of the company’s stock, valued at $7,862,021.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jon W. Olson sold 5,282 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $84.24, for a total transaction of $444,955.68. Following the transaction, the senior vice president now directly owns 50,756 shares in the company, valued at $4,275,685.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,803 shares of company stock valued at $1,653,390. 2.19% of the stock is currently owned by corporate insiders.
BLKB has been the subject of a number of research analyst reports. Citigroup Inc. initiated coverage on shares of Blackbaud in a research report on Friday, September 22nd. They set a “buy” rating and a $100.00 price objective for the company. Stifel Nicolaus restated a “buy” rating and issued a $96.00 price target on shares of Blackbaud in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of Blackbaud from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Monday, October 30th. B. Riley set a $82.00 price target on shares of Blackbaud and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, Robert W. Baird set a $85.00 price target on shares of Blackbaud and gave the company a “hold” rating in a research report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Blackbaud currently has a consensus rating of “Hold” and an average price target of $91.44.
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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