Baird R W lowered shares of Blackbaud (NASDAQ:BLKB – Free Report) from a strong-buy score to a maintain score in a analysis word revealed on Thursday, Zacks.com stories.
A number of different equities analysts additionally not too long ago commented on BLKB. Evercore ISI raised Blackbaud to a “maintain” score in a analysis report on Thursday, August 1st. Stifel Nicolaus elevated their worth goal on Blackbaud from $80.00 to $85.00 and gave the inventory a “maintain” score in a analysis report on Thursday, September twenty sixth. Robert W. Baird downgraded Blackbaud from an “outperform” score to a “impartial” score and dropped their goal worth for the inventory from $92.00 to $80.00 in a report on Thursday. Lastly, Raymond James decreased their worth goal on shares of Blackbaud from $98.00 to $95.00 and set an “outperform” score on the inventory in a analysis word on Monday, October seventh. 4 equities analysis analysts have rated the inventory with a maintain score and two have assigned a purchase score to the corporate’s inventory. In keeping with knowledge from MarketBeat.com, the corporate presently has a mean score of “Maintain” and a consensus goal worth of $86.67.
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Blackbaud Worth Efficiency
Shares of NASDAQ BLKB opened at $77.72 on Thursday. The corporate has a fast ratio of 0.80, a present ratio of 0.68 and a debt-to-equity ratio of 1.79. The enterprise’s 50 day shifting common worth is $83.30 and its two-hundred day shifting common worth is $79.55. The corporate has a market cap of $3.94 billion, a PE ratio of 76.20 and a beta of 1.03. Blackbaud has a twelve month low of $66.47 and a twelve month excessive of $88.56.
Blackbaud (NASDAQ:BLKB – Get Free Report) final launched its quarterly earnings knowledge on Wednesday, October thirtieth. The know-how firm reported $0.99 EPS for the quarter, lacking analysts’ consensus estimates of $1.07 by ($0.08). The corporate had income of $286.70 million for the quarter, in comparison with the consensus estimate of $293.74 million. Blackbaud had a return on fairness of 20.34% and a internet margin of 4.61%. The corporate’s income for the quarter was up 3.3% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the agency earned $0.65 earnings per share. On common, analysts predict that Blackbaud will put up 2.45 EPS for the present yr.
Blackbaud declared that its Board of Administrators has permitted a inventory repurchase plan on Tuesday, July thirtieth that allows the corporate to buyback $800.00 million in shares. This buyback authorization permits the know-how firm to repurchase as much as 18.1% of its inventory by means of open market purchases. Inventory buyback plans are normally a sign that the corporate’s board of administrators believes its shares are undervalued.
Insider Shopping for and Promoting
In different Blackbaud information, SVP Jon W. Olson offered 3,603 shares of the agency’s inventory in a transaction that occurred on Friday, August sixteenth. The shares had been offered at a mean worth of $77.90, for a complete worth of $280,673.70. Following the sale, the senior vp now owns 26,025 shares within the firm, valued at $2,027,347.50. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the SEC, which is offered at this hyperlink. In associated information, SVP Jon W. Olson offered 3,603 shares of the enterprise’s inventory in a transaction on Friday, August sixteenth. The inventory was offered at a mean worth of $77.90, for a complete transaction of $280,673.70. Following the sale, the senior vp now owns 26,025 shares within the firm, valued at $2,027,347.50. The commerce was a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the SEC, which is offered at this hyperlink. Additionally, EVP Kevin Mcdearis offered 2,261 shares of Blackbaud inventory in a transaction dated Wednesday, September 18th. The shares had been offered at a mean worth of $85.12, for a complete worth of $192,456.32. Following the sale, the manager vp now instantly owns 60,129 shares within the firm, valued at $5,118,180.48. The commerce was a 0.00 % lower of their possession of the inventory. The disclosure for this sale will be discovered right here. Insiders offered a complete of 51,409 shares of firm inventory price $4,179,193 within the final three months. 1.95% of the inventory is owned by company insiders.
Hedge Funds Weigh In On Blackbaud
Numerous hedge funds have not too long ago modified their holdings of the enterprise. Allspring World Investments Holdings LLC grew its place in shares of Blackbaud by 5.1% within the 1st quarter. Allspring World Investments Holdings LLC now owns 264,816 shares of the know-how firm’s inventory valued at $19,633,000 after shopping for an extra 12,881 shares over the last quarter. Mirae Asset World Investments Co. Ltd. lifted its holdings in Blackbaud by 306.3% within the first quarter. Mirae Asset World Investments Co. Ltd. now owns 86,747 shares of the know-how firm’s inventory valued at $6,245,000 after shopping for an extra 65,395 shares in the course of the interval. BNP Paribas Monetary Markets grew its holdings in Blackbaud by 46.1% in the course of the 1st quarter. BNP Paribas Monetary Markets now owns 58,080 shares of the know-how firm’s inventory price $4,306,000 after buying an extra 18,335 shares in the course of the interval. Janney Montgomery Scott LLC raised its place in shares of Blackbaud by 99.4% within the 1st quarter. Janney Montgomery Scott LLC now owns 6,276 shares of the know-how firm’s inventory price $465,000 after buying an extra 3,128 shares within the final quarter. Lastly, Greenwood Capital Associates LLC elevated its holdings in Blackbaud by 22.5% within the first quarter. Greenwood Capital Associates LLC now owns 9,210 shares of the know-how firm’s inventory price $683,000 after buying an extra 1,691 shares within the final quarter. Institutional buyers and hedge funds personal 94.21% of the corporate’s inventory.
Blackbaud Firm Profile
Blackbaud, Inc offers cloud software program options to nonprofits, foundations, training establishments, and healthcare organizations in the USA and internationally. The corporate affords fundraising and engagement options, equivalent to Blackbaud Raiser’s Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate On-line, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Efficiency Administration, Blackbaud Guided Fundraising, and Blackbaud Altru; and monetary administration options comprising Blackbaud Monetary Edge NXT, Blackbaud Tuition Administration, and Blackbaud Monetary Help and Billing Administration.
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