1 week Ago By Defense World Staff
Blackbaud, Inc. ( NASDAQ:BLKB – Get Free Report ) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 613,200 shares, a decrease of 6.
8% from the November 30th total of 657,800 shares. Currently, 1.5% of the company’s shares are sold short.
Based on an average trading volume of 203,900 shares, the short-interest ratio is currently 3.0 days. Wall Street Analyst Weigh In A number of research firms have commented on BLKB.
Robert W. Baird cut shares of Blackbaud from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $92.00 to $80.
00 in a report on Thursday, October 31st. Raymond James decreased their price target on shares of Blackbaud from $98.00 to $95.
00 and set an “outperform” rating for the company in a research note on Monday, October 7th. Stifel Nicolaus lifted their price target on shares of Blackbaud from $80.00 to $85.
00 and gave the company a “hold” rating in a research note on Thursday, September 26th. Finally, Baird R W downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock.
According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.67. View Our Latest Research Report on BLKB Blackbaud Trading Up 0.
2 % Blackbaud ( NASDAQ:BLKB – Get Free Report ) last posted its earnings results on Wednesday, October 30th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.
07 by ($0.08). The business had revenue of $286.
70 million for the quarter, compared to the consensus estimate of $293.74 million. Blackbaud had a return on equity of 20.
34% and a net margin of 4.61%. The company’s revenue was up 3.
3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share.
As a group, equities research analysts expect that Blackbaud will post 2.6 EPS for the current fiscal year. Insider Activity at Blackbaud In related news, Director Sarah E.
Nash sold 3,100 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $83.98, for a total value of $260,338.
00. Following the sale, the director now directly owns 23,723 shares in the company, valued at $1,992,257.54.
This represents a 11.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink .
Also, CEO Michael P. Gianoni sold 800 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $83.
15, for a total value of $66,520.00. Following the completion of the sale, the chief executive officer now owns 373,293 shares in the company, valued at $31,039,312.
95. The trade was a 0.21 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold 43,923 shares of company stock worth $3,737,450 over the last ninety days. Insiders own 1.
95% of the company’s stock. Institutional Investors Weigh In On Blackbaud Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co.
increased its position in shares of Blackbaud by 3.2% during the third quarter. JPMorgan Chase & Co.
now owns 225,634 shares of the technology company’s stock worth $19,107,000 after acquiring an additional 7,097 shares in the last quarter. 272 Capital LP bought a new stake in Blackbaud in the 3rd quarter worth about $872,000. Franklin Resources Inc.
grew its position in Blackbaud by 3.7% in the 3rd quarter. Franklin Resources Inc.
now owns 15,024 shares of the technology company’s stock worth $1,261,000 after purchasing an additional 532 shares in the last quarter. TD Private Client Wealth LLC grew its position in Blackbaud by 42.0% in the 3rd quarter.
TD Private Client Wealth LLC now owns 1,174 shares of the technology company’s stock worth $99,000 after purchasing an additional 347 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in Blackbaud by 52.0% in the 3rd quarter.
Teachers Retirement System of The State of Kentucky now owns 56,336 shares of the technology company’s stock worth $4,770,000 after purchasing an additional 19,270 shares in the last quarter. 94.21% of the stock is owned by institutional investors.
About Blackbaud ( Get Free Report ) Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management. Featured Articles Five stocks we like better than Blackbaud Insider Selling Explained: Can it Inform Your Investing Choices? Work and Play: Investing in the Rise of Bleisure Travel 3 Stocks to Consider Buying in October Top Dividend Stocks to Buy Now as Bond Yields Could Lower Low PE Growth Stocks: Unlocking Investment Opportunities SAP: AI Tailwinds Accelerating Enterprise Cloud Business Receive News & Ratings for Blackbaud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackbaud and related companies with MarketBeat.
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