Blackbaud, Inc. (NASDAQ:BLKB) announced a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Stockholders of record on Wednesday, February 28th will be paid a dividend of 0.12 per share by the technology company on Thursday, March 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Tuesday, February 27th.
Shares of Blackbaud (NASDAQ BLKB) traded up $2.13 during trading hours on Wednesday, hitting $97.33. The stock had a trading volume of 361,629 shares, compared to its average volume of 307,454. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.40. Blackbaud has a 12 month low of $68.61 and a 12 month high of $104.55. The company has a market capitalization of $4,680.00, a PE ratio of 70.53, a PEG ratio of 4.86 and a beta of 0.75.
In other Blackbaud news, CFO Anthony W. Boor sold 10,954 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $94.42, for a total transaction of $1,034,276.68. Following the completion of the transaction, the chief financial officer now directly owns 125,224 shares in the company, valued at $11,823,650.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael P. Gianoni sold 4,225 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $94.79, for a total transaction of $400,487.75. Following the transaction, the insider now owns 256,966 shares of the company’s stock, valued at $24,357,807.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,979 shares of company stock valued at $1,517,924. Company insiders own 2.19% of the company’s stock.
BLKB has been the subject of a number of analyst reports. BidaskClub downgraded shares of Blackbaud from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Robert W. Baird lifted their price target on shares of Blackbaud from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. 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. Citigroup set a $112.00 price target on shares of Blackbaud and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Dougherty & Co assumed coverage on shares of Blackbaud in a research report on Tuesday, October 31st. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $95.33.
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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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