Man Group plc Buys Shares of 62,723 Blackbaud, Inc. $BLKB

Man Group plc purchased a new position in Blackbaud, Inc. (NASDAQ:BLKB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 62,723 shares of the technology company’s stock, valued at approximately $1,858,000.

Several other large investors also recently modified their holdings of BLKB. BlackRock Inc. purchased a new stake in Blackbaud during the second quarter valued at $177,153,000. Northwestern Mutual Wealth Management Co. boosted its position in Blackbaud by 143,409.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock worth $139,759,000 after purchasing an additional 2,205,641 shares during the last quarter. Jupiter Topco LLC purchased a new position in Blackbaud in the second quarter worth about $47,145,000. Norges Bank bought a new stake in shares of Blackbaud during the 4th quarter valued at about $29,846,000. Finally, AQR Capital Management LLC increased its position in shares of Blackbaud by 157.3% during the 4th 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 during the last quarter. Institutional investors own 94.21% of the company’s stock.

Insider Activity at Blackbaud

In other Blackbaud news, CEO Michael P. Gianoni sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $47.35, for a total value of $804,950.00. Following the completion of the transaction, the chief executive officer directly owned 423,264 shares in the company, valued at $20,041,550.40. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kevin P. Gregoire sold 22,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $45.50, for a total transaction of $1,001,000.00. Following the completion of the sale, the executive vice president directly owned 113,194 shares of the company’s stock, valued at approximately $5,150,327. This trade represents a 16.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BLKB shares. Robert W. Baird set a $54.00 price objective on shares of Blackbaud in a research note on Thursday, July 30th. Weiss Ratings raised shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Stifel Nicolaus decreased their price target on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Finally, Raymond James Financial reissued an “outperform” rating and set a $55.00 price objective on shares of Blackbaud in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $48.50.

Blackbaud Stock Down 0.6%

NASDAQ BLKB opened at $47.78 on Wednesday. Blackbaud, Inc. has a 52 week low of $25.58 and a 52 week high of $70.71. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 16.82. The company has a market capitalization of $2.17 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. The stock’s 50-day moving average price is $38.22 and its 200-day moving average price is $37.87.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.10. The company had revenue of $290.60 million during the quarter, compared to the consensus estimate of $292.23 million. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, equities research analysts predict that Blackbaud, Inc. will post 3.71 earnings per share for the current year.

Blackbaud 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.