Blackbaud, Inc. (NASDAQ:BLKB) has been assigned an average rating of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $101.00.
A number of brokerages recently weighed in on BLKB. Evercore ISI lowered shares of Blackbaud from an “in” rating to an “underperform” rating in a report on Monday, March 12th. DA Davidson set a $110.00 price objective on shares of Blackbaud and gave the stock a “hold” rating in a report on Thursday, March 15th. Stifel Nicolaus boosted their price objective on shares of Blackbaud from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, March 22nd. Zacks Investment Research lowered shares of Blackbaud from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, BidaskClub upgraded shares of Blackbaud from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th.
In other Blackbaud news, CFO Anthony W. Boor sold 10,954 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $94.42, for a total transaction of $1,034,276.68. Following the completion of the sale, the chief financial officer now directly owns 125,224 shares in the company, valued at approximately $11,823,650.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jon W. Olson sold 6,089 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $100.00, for a total transaction of $608,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,612 shares of company stock valued at $9,344,203. Company insiders own 2.19% of the company’s stock.
Several hedge funds have recently modified their holdings of BLKB. Contravisory Investment Management Inc. bought a new stake in shares of Blackbaud during the 4th quarter valued at $157,000. First Republic Investment Management Inc. bought a new stake in shares of Blackbaud during the 4th quarter valued at $204,000. Zeke Capital Advisors LLC bought a new stake in shares of Blackbaud during the 4th quarter valued at $213,000. Two Sigma Advisers LP bought a new stake in shares of Blackbaud during the 4th quarter valued at $217,000. Finally, Shelton Capital Management bought a new stake in shares of Blackbaud during the 3rd quarter valued at $235,000.
NASDAQ BLKB traded down $0.50 during mid-day trading on Friday, reaching $106.58. The stock had a trading volume of 42,577 shares, compared to its average volume of 281,104. Blackbaud has a 1 year low of $75.80 and a 1 year high of $116.07. The firm has a market cap of $5,091.46, a P/E ratio of 67.06, a PEG ratio of 5.36 and a beta of 0.65. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.40.
Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Blackbaud had a net margin of 8.36% and a return on equity of 29.21%. The company had revenue of $216.98 million during the quarter, compared to analyst estimates of $217.29 million. equities analysts expect that Blackbaud will post 2.06 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.45%. Blackbaud’s dividend payout ratio is presently 30.19%.
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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