Quantinno Capital Management LP Boosts Holdings in Blackbaud, Inc. $BLKB

Quantinno Capital Management LP lifted its stake in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 158.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 39,399 shares of the technology company’s stock after buying an additional 24,145 shares during the period. Quantinno Capital Management LP’s holdings in Blackbaud were worth $1,521,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in Blackbaud by 143,409.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock valued at $139,759,000 after acquiring an additional 2,205,641 shares in the last quarter. Norges Bank purchased a new position in shares of Blackbaud in the 4th quarter valued at approximately $29,846,000. AQR Capital Management LLC boosted its position in shares of Blackbaud by 157.3% during the fourth quarter. AQR Capital Management LLC now owns 767,792 shares of the technology company’s stock valued at $48,617,000 after purchasing an additional 469,391 shares in the last quarter. Shapiro Capital Management LLC grew its stake in Blackbaud by 248.3% in the third quarter. Shapiro Capital Management LLC now owns 419,189 shares of the technology company’s stock worth $26,958,000 after purchasing an additional 298,839 shares during the period. Finally, Jane Street Group LLC grew its stake in Blackbaud by 886.2% in the first quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock worth $9,911,000 after purchasing an additional 143,533 shares during the period. 94.21% of the stock is owned by institutional investors.

Blackbaud Price Performance

Shares of NASDAQ BLKB opened at $44.67 on Thursday. Blackbaud, Inc. has a twelve month low of $25.58 and a twelve month high of $70.71. The firm has a market cap of $2.03 billion, a P/E ratio of 13.96, a PEG ratio of 1.56 and a beta of 0.97. The company has a 50 day moving average of $32.84 and a 200 day moving average of $38.32. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 16.82.

Blackbaud (NASDAQ:BLKB) last issued its earnings results on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.23 by $0.10. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The business had revenue of $290.60 million for the quarter, compared to the consensus estimate of $292.23 million. During the same period last year, the business posted $1.21 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, research analysts expect that Blackbaud, Inc. will post 3.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLKB has been the subject of several recent research reports. Stifel Nicolaus lowered their price objective on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Raymond James Financial reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Blackbaud in a research report on Wednesday, July 29th. Robert W. Baird set a $54.00 price target on shares of Blackbaud in a research report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. 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’s stock. According to data from MarketBeat, Blackbaud currently has an average rating of “Hold” and an average price target of $48.50.

Insiders Place Their Bets

In other news, CFO Chad Anderson sold 6,205 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the transaction, the chief financial officer directly owned 62,869 shares of the company’s stock, valued at $1,968,428.39. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kevin P. Gregoire sold 22,000 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $45.50, for a total value of $1,001,000.00. Following the sale, the executive vice president directly owned 113,194 shares in the company, valued at $5,150,327. This trade represents a 16.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.01% of the company’s stock.

About Blackbaud

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.