Blackbaud (BLKB) Getting Somewhat Favorable Press Coverage, Study Finds
News articles about Blackbaud (NASDAQ:BLKB) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Blackbaud earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.0873748668143 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Insider Trading at Blackbaud Inc.? (footballhebdo.com)
- 20.0% Return Seen to Date on SmarTrend Blackbaud Inc Call (BLKB) (mysmartrend.com)
- Blackbaud (BLKB) Presents At Pacific Crest / KeyBanc Capital Markets 19th Annual Global Technology Leadership Forum – Slideshow (seekingalpha.com)
- Zacks: Brokerages Anticipate Blackbaud, Inc. (NASDAQ:BLKB) Will Announce Quarterly Sales of $197.68 Million (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Blackbaud Inc. (finance.yahoo.com)
Blackbaud (NASDAQ BLKB) opened at 84.61 on Friday. Blackbaud has a 12 month low of $55.88 and a 12 month high of $93.81. The stock has a 50 day moving average price of $88.52 and a 200-day moving average price of $79.98. The stock has a market cap of $3.95 billion, a PE ratio of 81.43 and a beta of 0.77.
Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings data on Monday, July 31st. The technology company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The firm had revenue of $192.50 million during the quarter, compared to analyst estimates of $193.66 million. Blackbaud had a net margin of 6.46% and a return on equity of 30.88%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. On average, analysts expect that Blackbaud will post $2.14 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 28th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, August 24th. Blackbaud’s dividend payout ratio (DPR) is presently 47.06%.
A number of research analysts have recently weighed in on BLKB shares. Stifel Nicolaus restated a “buy” rating and issued a $96.00 price target on shares of Blackbaud in a research report on Friday, July 21st. Benchmark Co. dropped their price target on Blackbaud from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, June 27th. Zacks Investment Research upgraded Blackbaud from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. B. Riley restated a “neutral” rating and issued a $78.00 price target on shares of Blackbaud in a research report on Monday. Finally, Raymond James Financial, Inc. started coverage on Blackbaud in a research report on Wednesday, April 19th. They issued an “outperform” rating and a $90.00 price target for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $81.71.
In other news, EVP John J. Mistretta sold 3,693 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $82.00, for a total transaction of $302,826.00. Following the sale, the executive vice president now directly owns 86,278 shares of the company’s stock, valued at $7,074,796. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sarah E. Nash sold 825 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $78.67, for a total value of $64,902.75. Following the sale, the director now directly owns 20,652 shares in the company, valued at $1,624,692.84. The disclosure for this sale can be found here. Insiders have sold 15,468 shares of company stock worth $1,306,753 over the last ninety days. 2.74% of the stock is owned by insiders.
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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