Blackbaud (NASDAQ:BLKB) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Blackbaud (NASDAQ:BLKB) had its price target boosted by investment analysts at Robert W. Baird from $54.00 to $58.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 27.00% from the company’s current price.

BLKB has been the subject of a number of other research reports. Weiss Ratings raised shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Raymond James Financial reissued an “outperform” rating and set a $55.00 price target on shares of Blackbaud in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus cut their target price on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Blackbaud has a consensus rating of “Hold” and a consensus target price of $49.50.

Blackbaud Stock Performance

NASDAQ BLKB opened at $45.67 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 16.82. The company has a market capitalization of $2.07 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.56 and a beta of 0.99. Blackbaud has a 12-month low of $25.58 and a 12-month high of $70.71. The firm has a 50-day moving average price of $41.28 and a two-hundred day moving average price of $37.73.

Blackbaud (NASDAQ:BLKB) last released its earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.10. The company had revenue of $290.60 million for the quarter, compared to analyst estimates of $292.23 million. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.Blackbaud’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Analysts anticipate that Blackbaud will post 3.71 earnings per share for the current year.

Insider Buying and Selling at Blackbaud

In other news, EVP David Benjamin sold 2,086 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $48.27, for a total value of $100,691.22. Following the transaction, the executive vice president owned 71,038 shares in the company, valued at $3,429,004.26. This trade represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Chad Anderson sold 2,000 shares of Blackbaud stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $47.56, for a total value of $95,120.00. Following the sale, the chief financial officer owned 59,883 shares in the company, valued at $2,848,035.48. This trade represents a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 43,086 shares of company stock valued at $2,001,761 over the last three months. Corporate insiders own 2.01% of the company’s stock.

Institutional Investors Weigh In On Blackbaud

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Blackbaud in the 2nd quarter worth approximately $177,153,000. Janus Henderson Group PLC boosted its stake in shares of Blackbaud by 3.9% during the first quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company’s stock valued at $60,071,000 after purchasing an additional 58,806 shares during the period. Jupiter Topco LLC purchased a new stake in shares of Blackbaud during the second quarter valued at approximately $47,145,000. California State Teachers Retirement System grew its holdings in shares of Blackbaud by 2,325.2% in the second quarter. California State Teachers Retirement System now owns 1,154,143 shares of the technology company’s stock worth $34,186,000 after purchasing an additional 1,106,554 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Blackbaud in the fourth quarter worth approximately $29,846,000. Institutional investors own 94.21% of the company’s stock.

About Blackbaud

Blackbaud, Inc provides cloud software and related services to organizations serving social good. Its customers include nonprofit organizations, educational institutions, healthcare organizations, foundations, faith-based organizations, arts and cultural institutions, and other mission-driven groups.

The company’s solutions support fundraising, donor and constituent relationship management, financial management, grantmaking, marketing, ticketing, education administration, and peer-to-peer and charitable giving.