Blackbaud, Inc. $BLKB Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in Blackbaud, Inc. (NASDAQ:BLKB) by 2,958.2% during the 1st quarter, Holdings Channel reports. The firm owned 187,557 shares of the technology company’s stock after purchasing an additional 181,424 shares during the quarter. Pacer Advisors Inc.’s holdings in Blackbaud were worth $7,242,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in shares of Blackbaud during the 1st quarter worth approximately $29,000. Parallel Advisors LLC grew its holdings in Blackbaud by 528.0% during the 1st quarter. Parallel Advisors LLC now owns 785 shares of the technology company’s stock valued at $30,000 after buying an additional 660 shares during the last quarter. Blue Trust Inc. grew its holdings in Blackbaud by 44.3% during the 1st quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock valued at $33,000 after buying an additional 266 shares during the last quarter. Rothschild Investment LLC increased its position in Blackbaud by 589.0% during the fourth quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock worth $36,000 after buying an additional 483 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in Blackbaud by 4,300.0% during the fourth quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock worth $39,000 after buying an additional 602 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BLKB shares. Stifel Nicolaus reduced their price objective on Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Raymond James Financial reiterated an “outperform” rating and set a $55.00 price objective on shares of Blackbaud in a research report on Wednesday, July 29th. Zacks Research downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Robert W. Baird set a $54.00 price target on shares of Blackbaud in a research note on Thursday, July 30th. Finally, Weiss Ratings downgraded shares of Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $48.50.

Blackbaud Price Performance

BLKB opened at $45.89 on Thursday. Blackbaud, Inc. has a 1 year low of $25.58 and a 1 year high of $70.71. The company’s 50 day simple moving average is $31.32 and its 200 day simple moving average is $38.65. The stock has a market capitalization of $2.08 billion, a PE ratio of 14.34, a P/E/G ratio of 1.62 and a beta of 0.97. The company has a debt-to-equity ratio of 16.82, a quick ratio of 0.83 and a current ratio of 0.83.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.23 by $0.10. The firm had revenue of $290.60 million during the quarter, compared to analyst estimates of $292.23 million. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. Blackbaud’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, sell-side analysts expect that Blackbaud, Inc. will post 3.57 EPS for the current year.

Insider Buying and Selling at Blackbaud

In related news, CFO Chad Anderson sold 6,205 shares of Blackbaud stock in a transaction on Monday, June 1st. The stock was sold at an average price of $31.31, for a total value of $194,278.55. Following the transaction, the chief financial officer owned 62,869 shares in the company, valued at approximately $1,968,428.39. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.01% of the company’s stock.

Blackbaud Company Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.