Blackbaud (NASDAQ:BLKB) EVP Sells $681,147.03 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) EVP David Benjamin sold 14,349 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total value of $681,147.03. Following the completion of the sale, the executive vice president directly owned 73,124 shares in the company, valued at approximately $3,471,196.28. This represents a 16.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Blackbaud Stock Up 1.3%

NASDAQ:BLKB traded up $0.63 during trading hours on Wednesday, reaching $47.84. 415,599 shares of the company traded hands, compared to its average volume of 593,505. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 12.78. The business’s 50-day moving average price is $55.65 and its two-hundred day moving average price is $60.58. Blackbaud, Inc. has a 1 year low of $45.71 and a 1 year high of $74.88. The stock has a market capitalization of $2.20 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.63 and a beta of 1.10.

Blackbaud (NASDAQ:BLKB) last released its earnings results on Tuesday, February 10th. The technology company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $295.26 million for the quarter, compared to analysts’ expectations of $292.71 million. Blackbaud had a return on equity of 175.57% and a net margin of 10.19%.The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Analysts predict that Blackbaud, Inc. will post 3.05 earnings per share for the current year.

Institutional Investors Weigh In On Blackbaud

Hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. increased its stake in shares of Blackbaud by 23.9% in the 4th quarter. Pacer Advisors Inc. now owns 6,133 shares of the technology company’s stock worth $388,000 after purchasing an additional 1,183 shares in the last quarter. Invesco Ltd. lifted its position in Blackbaud by 2.4% during the fourth quarter. Invesco Ltd. now owns 106,070 shares of the technology company’s stock valued at $6,716,000 after purchasing an additional 2,465 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Blackbaud by 26.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,583 shares of the technology company’s stock valued at $417,000 after purchasing an additional 1,369 shares during the period. EP Wealth Advisors LLC purchased a new stake in Blackbaud in the fourth quarter worth about $252,000. Finally, Fuller & Thaler Asset Management Inc. increased its position in Blackbaud by 14.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 400,735 shares of the technology company’s stock worth $25,375,000 after buying an additional 50,235 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BLKB shares. Robert W. Baird set a $60.00 target price on shares of Blackbaud in a research note on Wednesday, February 11th. Stifel Nicolaus set a $50.00 target price on Blackbaud in a report on Tuesday, February 10th. Zacks Research raised Blackbaud from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Evercore set a $55.00 price objective on Blackbaud in a report on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of Blackbaud from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.25.

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.