UBS Group AG Raises Stock Holdings in Blackbaud, Inc. $BLKB

UBS Group AG boosted its holdings in Blackbaud, Inc. (NASDAQ:BLKB) by 35.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 164,128 shares of the technology company’s stock after acquiring an additional 42,521 shares during the period. UBS Group AG’s holdings in Blackbaud were worth $10,393,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BLKB. Quarry LP purchased a new position in Blackbaud in the 3rd quarter worth about $46,000. Versant Capital Management Inc raised its position in Blackbaud by 68.3% in the 3rd quarter. Versant Capital Management Inc now owns 786 shares of the technology company’s stock worth $51,000 after buying an additional 319 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Blackbaud in the 3rd quarter worth about $61,000. iSAM Funds UK Ltd purchased a new position in Blackbaud in the 3rd quarter worth about $67,000. Finally, GAMMA Investing LLC raised its position in Blackbaud by 64.7% in the 4th quarter. GAMMA Investing LLC now owns 1,280 shares of the technology company’s stock worth $81,000 after buying an additional 503 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

BLKB has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their target price on Blackbaud from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Weiss Ratings raised Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Evercore set a $55.00 target price on Blackbaud in a research report on Wednesday, February 11th. Robert W. Baird raised Blackbaud from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $60.00 to $50.00 in a research report on Thursday, April 30th. Finally, Zacks Research lowered Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $52.50.

Blackbaud Price Performance

NASDAQ BLKB opened at $30.85 on Friday. Blackbaud, Inc. has a 52 week low of $30.69 and a 52 week high of $74.88. The firm has a market capitalization of $1.42 billion, a P/E ratio of 10.46, a PEG ratio of 1.10 and a beta of 1.09. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 33.66. The company has a 50-day moving average price of $39.12 and a 200-day moving average price of $50.92.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. Blackbaud had a net margin of 12.41% and a return on equity of 176.76%. The firm had revenue of $281.14 million during the quarter, compared to analyst estimates of $279.81 million. During the same quarter in the prior year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Equities research analysts anticipate that Blackbaud, Inc. will post 3.57 earnings per share for the current year.

Insider Activity

In other news, EVP Kevin P. Gregoire sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total transaction of $100,040.00. Following the completion of the sale, the executive vice president owned 135,194 shares of the company’s stock, valued at $6,762,403.88. This represents a 1.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David J. Benjamin sold 14,349 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $47.47, for a total transaction of $681,147.03. Following the sale, the executive vice president directly owned 73,124 shares of the company’s stock, valued at $3,471,196.28. The trade was a 16.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 39,801 shares of company stock valued at $1,893,874 in the last quarter. 1.97% of the stock is currently owned by insiders.

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.