Shares of Blackbaud, Inc. (NASDAQ:BLKB) have been given an average rating of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $101.00.
Several research firms have issued reports on BLKB. ValuEngine raised Blackbaud from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Stifel Nicolaus raised their target price on Blackbaud from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, March 22nd. DA Davidson set a $110.00 target price on Blackbaud and gave the stock a “hold” rating in a research note on Thursday, March 15th. Evercore ISI cut Blackbaud from an “in” rating to an “underperform” rating in a research note on Monday, March 12th. Finally, BidaskClub raised Blackbaud from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th.
In other news, SVP Jon W. Olson sold 1,500 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $103.22, for a total transaction of $154,830.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anthony W. Boor sold 10,954 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $94.42, for a total value of $1,034,276.68. Following the transaction, the chief financial officer now owns 125,224 shares of the company’s stock, valued at $11,823,650.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,612 shares of company stock valued at $9,344,203. Company insiders own 2.19% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BLKB. BlackRock Inc. boosted its position in shares of Blackbaud by 1.7% during the fourth quarter. BlackRock Inc. now owns 5,056,336 shares of the technology company’s stock worth $477,772,000 after buying an additional 85,826 shares during the period. Guggenheim Capital LLC boosted its position in shares of Blackbaud by 464.6% during the fourth quarter. Guggenheim Capital LLC now owns 94,602 shares of the technology company’s stock worth $8,939,000 after buying an additional 77,847 shares during the period. Conestoga Capital Advisors LLC boosted its position in shares of Blackbaud by 11.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 730,244 shares of the technology company’s stock worth $69,001,000 after buying an additional 72,430 shares during the period. State of Tennessee Treasury Department purchased a new position in shares of Blackbaud during the fourth quarter worth $6,614,000. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Blackbaud during the fourth quarter worth $4,887,000.
NASDAQ:BLKB opened at $103.48 on Friday. Blackbaud has a one year low of $75.80 and a one year high of $116.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $5,093.39, a P/E ratio of 65.08, a P/E/G ratio of 5.36 and a beta of 0.65.
Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The firm had revenue of $216.98 million during the quarter, compared to analysts’ expectations of $217.29 million. Blackbaud had a return on equity of 29.21% and a net margin of 8.36%. equities research analysts anticipate that Blackbaud will post 2.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.48 annualized dividend and a dividend yield of 0.46%. Blackbaud’s dividend payout ratio is currently 30.19%.
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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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