Mutual of America Capital Management LLC Sells 721 Shares of Blackbaud, Inc. (BLKB)

Mutual of America Capital Management LLC cut its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 1.8% during the fourth quarter, Holdings Channel reports. The fund owned 38,833 shares of the technology company’s stock after selling 721 shares during the period. Mutual of America Capital Management LLC’s holdings in Blackbaud were worth $3,669,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wells Fargo & Company MN boosted its holdings in Blackbaud by 1.8% in the 2nd quarter. Wells Fargo & Company MN now owns 61,667 shares of the technology company’s stock valued at $5,288,000 after purchasing an additional 1,068 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Blackbaud by 6.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 26,860 shares of the technology company’s stock valued at $2,303,000 after purchasing an additional 1,660 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Blackbaud in the 2nd quarter valued at about $258,000. FMR LLC boosted its holdings in Blackbaud by 142.0% in the 2nd quarter. FMR LLC now owns 345,736 shares of the technology company’s stock valued at $29,647,000 after purchasing an additional 202,843 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in Blackbaud in the 2nd quarter valued at about $233,000.

In other news, EVP Kevin W. Mooney sold 4,466 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $101.00, for a total value of $451,066.00. Following the sale, the executive vice president now directly owns 71,655 shares of the company’s stock, valued at approximately $7,237,155. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian Boruff sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $103.95, for a total transaction of $83,160.00. Following the completion of the sale, the executive vice president now directly owns 50,862 shares in the company, valued at $5,287,104.90. The disclosure for this sale can be found here. 2.19% of the stock is currently owned by insiders.

Several research firms have weighed in on BLKB. Dougherty & Co began coverage on shares of Blackbaud in a report on Tuesday, October 31st. They issued a “neutral” rating on the stock. 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 report on Monday, October 30th. B. Riley boosted their target price on shares of Blackbaud from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday. Stifel Nicolaus boosted their target price on shares of Blackbaud from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday. Finally, Citigroup set a $112.00 target price on shares of Blackbaud and gave the company a “buy” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $95.33.

Shares of Blackbaud, Inc. (NASDAQ BLKB) opened at $94.21 on Friday. The stock has a market cap of $4,777.22, a P/E ratio of 68.77, a PEG ratio of 5.66 and a beta of 0.75. Blackbaud, Inc. has a 52 week low of $64.82 and a 52 week high of $104.55. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.40.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Tuesday, February 27th. Blackbaud’s dividend payout ratio (DPR) is 35.04%.

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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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Institutional Ownership by Quarter for Blackbaud (NASDAQ:BLKB)

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