Teacher Retirement System of Texas Raises Stock Holdings in BlackLine $BL

Teacher Retirement System of Texas raised its position in BlackLine (NASDAQ:BL) by 5,776.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 475,665 shares of the technology company’s stock after purchasing an additional 467,571 shares during the period. Teacher Retirement System of Texas’ holdings in BlackLine were worth $26,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of BlackLine during the third quarter worth about $25,000. Versant Capital Management Inc boosted its stake in shares of BlackLine by 110.4% during the third quarter. Versant Capital Management Inc now owns 667 shares of the technology company’s stock worth $35,000 after buying an additional 350 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of BlackLine during the third quarter worth about $38,000. MAI Capital Management raised its stake in BlackLine by 10,000.0% during the 3rd quarter. MAI Capital Management now owns 707 shares of the technology company’s stock valued at $38,000 after acquiring an additional 700 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in BlackLine during the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on BL. Weiss Ratings downgraded BlackLine from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 9th. DA Davidson cut their price target on BlackLine from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. BMO Capital Markets restated a “market perform” rating on shares of BlackLine in a research note on Wednesday, March 18th. Morgan Stanley restated an “overweight” rating and set a $68.00 price target on shares of BlackLine in a research note on Wednesday, February 11th. Finally, Citigroup cut their price target on BlackLine from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.82.

BlackLine Price Performance

Shares of BL opened at $29.39 on Friday. BlackLine has a twelve month low of $28.78 and a twelve month high of $59.57. The stock’s 50 day moving average is $35.42 and its two-hundred day moving average is $47.36. The firm has a market capitalization of $1.75 billion, a PE ratio of 73.48, a P/E/G ratio of 2.30 and a beta of 0.88. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.00.

BlackLine (NASDAQ:BL) last announced its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. BlackLine had a return on equity of 18.14% and a net margin of 3.50%.The company had revenue of $183.18 million for the quarter, compared to analyst estimates of $182.98 million. During the same quarter in the previous year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. Research analysts anticipate that BlackLine will post 1.01 earnings per share for the current year.

BlackLine Company Profile

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.