Michael P. Gianoni Sells 4,225 Shares of Blackbaud, Inc. (BLKB) Stock

Blackbaud, Inc. (NASDAQ:BLKB) insider Michael P. Gianoni sold 4,225 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $94.79, for a total transaction of $400,487.75. Following the completion of the sale, the insider now directly owns 256,966 shares of the company’s stock, valued at $24,357,807.14. The transaction was disclosed in a filing with the SEC, which is available at this link.

Blackbaud, Inc. (NASDAQ BLKB) traded up $2.13 during mid-day trading on Thursday, reaching $97.33. The company’s stock had a trading volume of 361,800 shares, compared to its average volume of 303,161. Blackbaud, Inc. has a 1-year low of $68.61 and a 1-year high of $104.55. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.40. The company has a market cap of $4,578.13, a P/E ratio of 71.04, a price-to-earnings-growth ratio of 4.82 and a beta of 0.75.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.48 annualized dividend and a yield of 0.49%. Blackbaud’s payout ratio is 35.04%.

BLKB has been the subject of several analyst reports. B. Riley set a $82.00 target price on shares of Blackbaud and gave the stock a “hold” rating in a report on Thursday, October 19th. Robert W. Baird upped their price target on Blackbaud from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Citigroup set a $112.00 price target on Blackbaud and gave the stock a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded Blackbaud from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Monday, October 30th. Finally, Dougherty & Co initiated coverage on Blackbaud in a research note on Tuesday, October 31st. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $95.33.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Blackbaud by 1.7% in the 4th quarter. BlackRock Inc. now owns 5,056,336 shares of the technology company’s stock worth $477,772,000 after purchasing an additional 85,826 shares during the period. Atlanta Capital Management Co. L L C boosted its position in shares of Blackbaud by 0.5% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 4,303,709 shares of the technology company’s stock valued at $406,657,000 after acquiring an additional 19,346 shares during the last quarter. State Street Corp boosted its position in shares of Blackbaud by 37.0% during the 2nd quarter. State Street Corp now owns 1,587,812 shares of the technology company’s stock valued at $136,159,000 after acquiring an additional 428,948 shares during the last quarter. Jackson Square Partners LLC boosted its position in shares of Blackbaud by 3.7% during the 3rd quarter. Jackson Square Partners LLC now owns 1,162,056 shares of the technology company’s stock valued at $102,028,000 after acquiring an additional 41,858 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Blackbaud by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 945,845 shares of the technology company’s stock valued at $82,432,000 after acquiring an additional 26,980 shares during the last quarter.

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About Blackbaud

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).

Insider Buying and Selling by Quarter for Blackbaud (NASDAQ:BLKB)

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