News coverage about Blackbaud (NASDAQ:BLKB) has trended somewhat positive recently, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Blackbaud earned a news impact score of 0.12 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 43.5390403590068 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several equities research analysts recently commented on the stock. B. Riley reiterated a “neutral” rating and set a $78.00 target price on shares of Blackbaud in a research report on Monday, August 28th. Zacks Investment Research upgraded shares of Blackbaud from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Robert W. Baird lifted their target price on shares of Blackbaud from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Finally, Citigroup Inc. set a $112.00 target price on shares of Blackbaud and gave the stock a “buy” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $91.44.
Blackbaud (NASDAQ BLKB) traded up $0.53 during trading hours on Monday, reaching $102.57. 172,426 shares of the company traded hands, compared to its average volume of 314,475. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.19. Blackbaud has a twelve month low of $59.54 and a twelve month high of $103.43. The firm has a market cap of $4,910.00, a P/E ratio of 60.74, a PEG ratio of 4.61 and a beta of 0.86.
Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.05. Blackbaud had a net margin of 6.82% and a return on equity of 31.25%. The firm had revenue of $195.51 million during the quarter, compared to analyst estimates of $196.35 million. During the same quarter last year, the business earned $0.45 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. equities analysts predict that Blackbaud will post 1.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, November 27th. This represents a $0.48 annualized dividend and a yield of 0.47%. Blackbaud’s payout ratio is 43.64%.
In other Blackbaud news, EVP Kevin W. Mooney sold 4,466 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $101.00, for a total transaction of $451,066.00. Following the completion of the transaction, the executive vice president now owns 71,655 shares in the company, valued at approximately $7,237,155. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sarah E. Nash sold 1,105 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $84.78, for a total transaction of $93,681.90. Following the transaction, the director now owns 22,272 shares of the company’s stock, valued at approximately $1,888,220.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,242 shares of company stock valued at $1,428,401. Company insiders own 2.19% of the company’s stock.
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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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