2,300 Shares in Blackbaud, Inc. (BLKB) Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP bought a new stake in Blackbaud, Inc. (NASDAQ:BLKB) in the 4th quarter, HoldingsChannel reports. The fund bought 2,300 shares of the technology company’s stock, valued at approximately $217,000.

Several other hedge funds have also recently made changes to their positions in BLKB. Wells Fargo & Company MN boosted its stake in shares of Blackbaud by 14.5% in the third quarter. Wells Fargo & Company MN now owns 70,600 shares of the technology company’s stock valued at $6,198,000 after purchasing an additional 8,933 shares during the period. California Public Employees Retirement System boosted its stake in Blackbaud by 6.4% during the 3rd quarter. California Public Employees Retirement System now owns 72,366 shares of the technology company’s stock valued at $6,354,000 after acquiring an additional 4,366 shares during the last quarter. Atlantic Trust Group LLC bought a new position in Blackbaud during the 3rd quarter valued at $1,839,000. Schwab Charles Investment Management Inc. boosted its stake in Blackbaud by 11.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 240,146 shares of the technology company’s stock valued at $22,692,000 after acquiring an additional 24,894 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Blackbaud during the 4th quarter valued at $534,000.

BLKB has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Blackbaud from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. Zacks Investment Research downgraded shares of Blackbaud from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Stifel Nicolaus increased their price objective on shares of Blackbaud from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, March 22nd. ValuEngine upgraded shares of Blackbaud from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, DA Davidson initiated coverage on shares of Blackbaud in a research note on Friday, February 2nd. They set a “neutral” rating and a $95.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Blackbaud presently has a consensus rating of “Hold” and an average target price of $102.86.

In other Blackbaud news, insider Michael P. Gianoni sold 28,839 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $96.84, for a total transaction of $2,792,768.76. Following the sale, the insider now directly owns 332,419 shares of the company’s stock, valued at $32,191,455.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Anthony W. Boor sold 10,954 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $94.42, for a total transaction of $1,034,276.68. Following the sale, the chief financial officer now directly owns 125,224 shares in the company, valued at $11,823,650.08. The disclosure for this sale can be found here. Insiders have sold 94,612 shares of company stock worth $9,344,203 over the last three months. 2.19% of the stock is owned by corporate insiders.

Shares of NASDAQ:BLKB opened at $105.05 on Thursday. The firm has a market cap of $5,155.89, a price-to-earnings ratio of 65.65, a price-to-earnings-growth ratio of 5.43 and a beta of 0.65. Blackbaud, Inc. has a 1-year low of $75.93 and a 1-year high of $116.07. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.81 and a current ratio of 0.81.

Blackbaud (NASDAQ:BLKB) last issued its earnings results on Tuesday, February 6th. The technology company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. The company had revenue of $216.98 million for the quarter, compared to analysts’ expectations of $217.29 million. Blackbaud had a net margin of 8.36% and a return on equity of 29.21%. equities research analysts anticipate that Blackbaud, Inc. will post 2.06 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “2,300 Shares in Blackbaud, Inc. (BLKB) Acquired by Two Sigma Advisers LP” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://sportsperspectives.com/2018/04/26/2300-shares-in-blackbaud-inc-blkb-acquired-by-two-sigma-advisers-lp.html.

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).

Want to see what other hedge funds are holding BLKB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackbaud, Inc. (NASDAQ:BLKB).

Institutional Ownership by Quarter for Blackbaud (NASDAQ:BLKB)

Receive News & Ratings for Blackbaud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackbaud and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply