Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin W. Mooney sold 4,466 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $101.00, for a total transaction of $451,066.00. Following the sale, the executive vice president now owns 71,655 shares in the company, valued at $7,237,155. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Blackbaud, Inc. (NASDAQ BLKB) opened at $102.04 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.63 and a quick ratio of 0.63. Blackbaud, Inc. has a 1 year low of $59.54 and a 1 year high of $103.41. The firm has a market cap of $4,840.00, a PE ratio of 60.26, a P/E/G ratio of 4.57 and a beta of 0.86.
Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.05. Blackbaud had a net margin of 6.82% and a return on equity of 31.25%. The company had revenue of $195.51 million for the quarter, compared to analyst estimates of $196.35 million. During the same period in the prior year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. equities research analysts predict that Blackbaud, Inc. will post 1.55 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, November 27th. Blackbaud’s dividend payout ratio (DPR) is currently 43.64%.
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Several brokerages have recently issued reports on BLKB. Zacks Investment Research upgraded shares of Blackbaud from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Monday, October 30th. Dougherty & Co began coverage on shares of Blackbaud in a research report on Tuesday, October 31st. They set a “neutral” rating on the stock. Citigroup Inc. set a $112.00 target price on shares of Blackbaud and gave the company a “buy” rating in a research report on Friday, October 27th. Robert W. Baird upped their target price 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. Finally, B. Riley set a $82.00 target price on shares of Blackbaud and gave the company a “hold” rating in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Blackbaud presently has an average rating of “Hold” and a consensus target price of $91.44.
A number of hedge funds have recently modified their holdings of the business. Colony Group LLC bought a new position in Blackbaud in the 3rd quarter worth about $2,504,000. California Public Employees Retirement System grew its stake in Blackbaud by 6.4% in the 3rd quarter. California Public Employees Retirement System now owns 72,366 shares of the technology company’s stock worth $6,354,000 after acquiring an additional 4,366 shares in the last quarter. Jane Street Group LLC grew its stake in Blackbaud by 80.7% in the 3rd quarter. Jane Street Group LLC now owns 6,081 shares of the technology company’s stock worth $534,000 after acquiring an additional 2,715 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in Blackbaud by 10.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 73,132 shares of the technology company’s stock worth $6,421,000 after acquiring an additional 7,156 shares in the last quarter. Finally, Jackson Square Partners LLC grew its stake in Blackbaud by 3.7% in the 3rd quarter. Jackson Square Partners LLC now owns 1,162,056 shares of the technology company’s stock worth $102,028,000 after acquiring an additional 41,858 shares in the last quarter.
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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