Blackbaud, Inc. $BLKB Shares Sold by Susquehanna International Group LLP

Susquehanna International Group LLP lessened its position in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 77.6% during the 2nd quarter, Holdings Channel reports. The firm owned 22,031 shares of the technology company’s stock after selling 76,222 shares during the quarter. Susquehanna International Group LLP’s holdings in Blackbaud were worth $653,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Glenmede Investment Management LP lifted its holdings in shares of Blackbaud by 2.1% during the third quarter. Glenmede Investment Management LP now owns 10,492 shares of the technology company’s stock worth $675,000 after purchasing an additional 215 shares during the period. AXQ Capital LP lifted its position in Blackbaud by 3.0% during the fourth quarter. AXQ Capital LP now owns 8,307 shares of the technology company’s stock valued at $526,000 after purchasing an additional 243 shares during the period. Comerica Bank grew its position in Blackbaud by 1.0% during the 4th quarter. Comerica Bank now owns 24,847 shares of the technology company’s stock worth $1,573,000 after purchasing an additional 255 shares during the period. Blue Trust Inc. raised its stake in shares of Blackbaud by 44.3% during the 1st quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock valued at $33,000 after buying an additional 266 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Blackbaud by 4.4% in the 4th quarter. Inspire Investing LLC now owns 7,382 shares of the technology company’s stock valued at $467,000 after buying an additional 310 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Blackbaud

In other Blackbaud news, CEO Michael P. Gianoni sold 17,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $47.35, for a total transaction of $804,950.00. Following the completion of the transaction, the chief executive officer owned 423,264 shares of the company’s stock, valued at $20,041,550.40. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kevin P. Gregoire sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $45.50, for a total value of $1,001,000.00. Following the completion of the transaction, the executive vice president owned 113,194 shares in the company, valued at approximately $5,150,327. This trade represents a 16.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.01% of the stock is currently owned by insiders.

Blackbaud Stock Performance

NASDAQ:BLKB opened at $48.06 on Tuesday. The company has a debt-to-equity ratio of 16.82, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $2.18 billion, a PE ratio of 15.02, a P/E/G ratio of 1.67 and a beta of 0.97. Blackbaud, Inc. has a fifty-two week low of $25.58 and a fifty-two week high of $70.71. The company has a fifty day moving average of $37.81 and a two-hundred day moving average of $37.89.

Blackbaud (NASDAQ:BLKB) last released its earnings results on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. The business had revenue of $290.60 million during the quarter, compared to analysts’ expectations of $292.23 million. During the same quarter in the previous year, the company earned $1.21 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, research analysts forecast that Blackbaud, Inc. will post 3.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BLKB. Raymond James Financial reiterated an “outperform” rating and set a $55.00 price target on shares of Blackbaud in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Robert W. Baird set a $54.00 price objective on shares of Blackbaud in a research report on Thursday, July 30th. Finally, Stifel Nicolaus dropped their target price on Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $48.50.

Blackbaud Company Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.