Blackbaud Inc. (NASDAQ:BLKB) hit a new 52-week high on Thursday . The stock traded as high as $71.76 and last traded at $71.00, with a volume of 68,529 shares changing hands. The stock had previously closed at $70.86.

A number of equities research analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of Blackbaud from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, June 30th. SunTrust Banks Inc. reissued a “buy” rating and set a $75.00 price objective on shares of Blackbaud in a research report on Thursday, May 5th. B. Riley reissued a “buy” rating and set a $77.00 price objective on shares of Blackbaud in a research report on Wednesday, May 4th. Evercore Partners Inc. assumed coverage on shares of Blackbaud in a research report on Monday, June 27th. They set a “hold” rating for the company. Finally, Evercore ISI assumed coverage on shares of Blackbaud in a research report on Monday, June 27th. They set a “hold” rating and a $70.00 price objective for the company. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $72.22.

The company’s 50-day moving average is $66.52 and its 200 day moving average is $61.60. The stock has a market cap of $3.23 billion and a P/E ratio of 123.39.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Wednesday, April 27th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The company earned $171 million during the quarter, compared to analyst estimates of $171.69 million. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. Analysts predict that Blackbaud Inc. will post $1.94 earnings per share for the current fiscal year.

In other Blackbaud news, EVP John J. Mistretta sold 2,255 shares of Blackbaud stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $70.00, for a total transaction of $157,850.00. Following the transaction, the executive vice president now directly owns 86,117 shares of the company’s stock, valued at $6,028,190. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George H. Ellis sold 1,300 shares of Blackbaud stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $61.44, for a total transaction of $79,872.00. Following the transaction, the director now directly owns 10,660 shares in the company, valued at $654,950.40. The disclosure for this sale can be found here.

Other institutional investors have recently modified their holdings of the company. Russell Frank Co boosted its stake in shares of Blackbaud by 863.7% in the fourth quarter. Russell Frank Co now owns 21,800 shares of the company’s stock worth $1,455,000 after buying an additional 19,538 shares in the last quarter. Swiss National Bank boosted its stake in shares of Blackbaud by 3.7% in the fourth quarter. Swiss National Bank now owns 62,553 shares of the company’s stock worth $4,120,000 after buying an additional 2,253 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Blackbaud by 7.3% in the fourth quarter. Rhumbline Advisers now owns 62,506 shares of the company’s stock worth $4,117,000 after buying an additional 4,255 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Blackbaud by 4.4% in the fourth quarter. California Public Employees Retirement System now owns 107,800 shares of the company’s stock worth $7,100,000 after buying an additional 4,500 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in shares of Blackbaud by 3.1% in the fourth quarter. Brown Advisory Inc. now owns 530,067 shares of the company’s stock worth $34,910,000 after buying an additional 16,142 shares in the last quarter.

Blackbaud, Inc is a provider of software and services for the global philanthropic community. The Company’s segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU). The GMBU is focused on marketing, sales, delivery and support to all emerging and mid-sized prospects and customers in North America.

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