Blackbaud, Inc. (BLKB) SVP Sells $154,830.00 in Stock
Blackbaud, Inc. (NASDAQ:BLKB) SVP Jon W. Olson sold 1,500 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $103.22, for a total value of $154,830.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Blackbaud, Inc. (NASDAQ BLKB) traded up $2.41 during midday trading on Friday, hitting $103.14. The company had a trading volume of 264,258 shares, compared to its average volume of 364,311. The firm has a market cap of $4,842.90, a PE ratio of 75.28, a PEG ratio of 5.10 and a beta of 0.66. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.40. Blackbaud, Inc. has a 1 year low of $72.53 and a 1 year high of $105.20.
Blackbaud (NASDAQ:BLKB) last announced its earnings results on Tuesday, February 6th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $216.98 million during the quarter, compared to analysts’ expectations of $217.29 million. Blackbaud had a return on equity of 29.21% and a net margin of 8.36%. research analysts forecast that Blackbaud, Inc. will post 2.06 EPS for the current year.
BLKB has been the topic of a number of recent analyst reports. BidaskClub downgraded Blackbaud from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Stifel Nicolaus increased their price objective on Blackbaud from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research upgraded Blackbaud from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Thursday, February 8th. B. Riley increased their price objective on Blackbaud from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Finally, DA Davidson initiated coverage on Blackbaud in a report on Friday, February 2nd. They issued a “neutral” rating and a $95.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Blackbaud has an average rating of “Hold” and a consensus price target of $97.50.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Schaper Benz & Wise Investment Counsel Inc. WI boosted its position in shares of Blackbaud by 5.7% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 9,775 shares of the technology company’s stock valued at $924,000 after purchasing an additional 525 shares during the period. Prudential Financial Inc. boosted its position in shares of Blackbaud by 1.7% in the 3rd quarter. Prudential Financial Inc. now owns 32,760 shares of the technology company’s stock valued at $2,876,000 after purchasing an additional 544 shares during the period. Macquarie Group Ltd. boosted its position in shares of Blackbaud by 0.3% in the 3rd quarter. Macquarie Group Ltd. now owns 228,300 shares of the technology company’s stock valued at $20,045,000 after purchasing an additional 655 shares during the period. Pacer Advisors Inc. boosted its position in shares of Blackbaud by 18.7% in the 3rd quarter. Pacer Advisors Inc. now owns 5,614 shares of the technology company’s stock valued at $493,000 after purchasing an additional 886 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Blackbaud by 47.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,793 shares of the technology company’s stock valued at $264,000 after purchasing an additional 897 shares during the period.
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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