Blackbaud (NASDAQ:BLKB) had its price target lowered by DA Davidson from $105.00 to $82.00 in a research report report published on Tuesday, MarketBeat reports. DA Davidson currently has a hold rating on the technology company’s stock. DA Davidson also issued estimates for Blackbaud’s Q4 2018 earnings at $0.39 EPS, Q1 2019 earnings at $0.36 EPS, Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.62 EPS and FY2019 earnings at $1.84 EPS.

BLKB has been the topic of a number of other research reports. BidaskClub lowered Blackbaud from a buy rating to a hold rating in a research note on Tuesday, June 26th. Zacks Investment Research lowered Blackbaud from a hold rating to a sell rating in a research note on Thursday, August 2nd. Stifel Nicolaus lowered Blackbaud from a buy rating to a hold rating and lowered their price objective for the stock from $120.00 to $88.00 in a research note on Tuesday. Benchmark lowered Blackbaud from a buy rating to a hold rating in a research note on Tuesday. Finally, Evercore ISI restated a sell rating and set a $100.00 price objective on shares of Blackbaud in a research note on Sunday, August 5th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $98.50.

Shares of NASDAQ BLKB opened at $74.08 on Tuesday. The company has a market cap of $4.93 billion, a PE ratio of 46.19, a PEG ratio of 4.69 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.77 and a current ratio of 0.77. Blackbaud has a 1-year low of $69.62 and a 1-year high of $120.35.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Monday, July 30th. The technology company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.02. The company had revenue of $214.60 million for the quarter, compared to analyst estimates of $214.80 million. Blackbaud had a return on equity of 27.70% and a net margin of 8.14%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Equities research analysts predict that Blackbaud will post 1.91 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Tuesday, August 28th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, August 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.65%. Blackbaud’s dividend payout ratio (DPR) is presently 30.19%.

In other Blackbaud news, Director Andrew M. Leitch sold 3,000 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $95.72, for a total transaction of $287,160.00. Following the transaction, the director now owns 24,457 shares in the company, valued at approximately $2,341,024.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director George H. Ellis sold 2,652 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $96.16, for a total value of $255,016.32. Following the transaction, the director now owns 7,730 shares in the company, valued at approximately $743,316.80. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of BLKB. Smithfield Trust Co. boosted its holdings in shares of Blackbaud by 2,492.5% in the 2nd quarter. Smithfield Trust Co. now owns 1,037 shares of the technology company’s stock valued at $106,000 after purchasing an additional 997 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Blackbaud in the 2nd quarter valued at $129,000. Global X Management Co LLC acquired a new stake in shares of Blackbaud in the 2nd quarter valued at $163,000. First Republic Investment Management Inc. acquired a new stake in shares of Blackbaud in the 2nd quarter valued at $261,000. Finally, ING Groep NV acquired a new stake in shares of Blackbaud in the 2nd quarter valued at $270,000.

About Blackbaud

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, corporations, education institutions, healthcare organizations, and other charitable giving entities primarily in the United States, Canada, the United Kingdom, and Australia. The company offers Raiser's Edge NXT and Blackbaud CRM (constituent relationship management), which are fundraising and relationship management solutions; Luminate CRM for campaign management, constituent relations, business intelligence, and analytics; eTapestry, a cloud fundraising and donor management solution; everydayhero, a cloud crowdfundraising solution; and JustGiving, a social platform for giving.

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Analyst Recommendations for Blackbaud (NASDAQ:BLKB)

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