News coverage about Blackbaud (NASDAQ:BLKB) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blackbaud earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 44.5056592055617 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Zacks: Analysts Anticipate Blackbaud, Inc. (BLKB) Will Post Quarterly Sales of $216.79 Million (americanbankingnews.com)
- Zacks: Brokerages Anticipate Blackbaud, Inc. (BLKB) to Post $0.60 Earnings Per Share (americanbankingnews.com)
- Insider Selling: Blackbaud, Inc. (BLKB) CFO Sells 1,989 Shares of Stock (americanbankingnews.com)
- ETFs with exposure to Blackbaud, Inc. : November 9, 2017 (finance.yahoo.com)
- Blackbaud, Inc. (BLKB) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
Shares of Blackbaud (NASDAQ:BLKB) opened at $101.23 on Wednesday. The stock has a market capitalization of $4,803.67, a PE ratio of 59.46, a P/E/G ratio of 4.05 and a beta of 0.86. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.63 and a current ratio of 0.63. Blackbaud has a 1-year low of $59.54 and a 1-year high of $103.41.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.47%. Blackbaud’s dividend payout ratio (DPR) is 44.04%.
A number of brokerages have recently commented on BLKB. raised Blackbaud from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Monday, October 30th. began coverage on Blackbaud in a research report on Tuesday, October 31st. They set a “neutral” rating on the stock. Citigroup Inc. set a $112.00 price target on Blackbaud and gave the company a “buy” rating in a research report on Friday, October 27th. upped their price target on Blackbaud from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. Finally, set a $82.00 price target on Blackbaud and gave the company a “hold” rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $91.44.
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In related news, CFO Anthony W. Boor sold 1,989 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $98.26, for a total transaction of $195,439.14. Following the sale, the chief financial officer now owns 105,342 shares of the company’s stock, valued at approximately $10,350,904.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin W. Mooney sold 900 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $101.17, for a total value of $91,053.00. Following the sale, the executive vice president now directly owns 77,711 shares in the company, valued at approximately $7,862,021.87. The disclosure for this sale can be found here. Insiders have sold a total of 15,803 shares of company stock worth $1,397,190 in the last three months. 2.19% of the stock is currently owned by insiders.
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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