WINTON GROUP Ltd Invests $4.53 Million in Blackbaud, Inc. $BLKB

WINTON GROUP Ltd bought a new position in Blackbaud, Inc. (NASDAQ:BLKB) in the 4th quarter, HoldingsChannel reports. The fund bought 71,584 shares of the technology company’s stock, valued at approximately $4,533,000.

Several other hedge funds and other institutional investors have also modified their holdings of BLKB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Blackbaud by 1.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,434 shares of the technology company’s stock worth $1,454,000 after acquiring an additional 361 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Blackbaud by 293.1% during the first quarter. Jones Financial Companies Lllp now owns 7,701 shares of the technology company’s stock worth $478,000 after acquiring an additional 5,742 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Blackbaud by 26.2% during the first quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company’s stock worth $14,225,000 after acquiring an additional 47,549 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Blackbaud by 4.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,751 shares of the technology company’s stock worth $6,314,000 after acquiring an additional 4,178 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Blackbaud by 886.2% during the first quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock worth $9,911,000 after acquiring an additional 143,533 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insiders Place Their Bets

In other Blackbaud news, CFO Chad Anderson sold 6,205 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the transaction, the chief financial officer directly owned 62,869 shares in the company, valued at $1,968,428.39. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.97% of the stock is currently owned by company insiders.

Blackbaud Price Performance

NASDAQ BLKB opened at $28.31 on Friday. Blackbaud, Inc. has a fifty-two week low of $27.54 and a fifty-two week high of $74.88. The stock’s 50-day moving average is $34.82 and its two-hundred day moving average is $47.61. The company has a debt-to-equity ratio of 33.66, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $1.30 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 1.01 and a beta of 1.02.

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

Analyst Upgrades and Downgrades

BLKB has been the subject of several recent research reports. Raymond James Financial set a $60.00 price objective on Blackbaud in a report on Tuesday, February 10th. Evercore set a $55.00 price objective on Blackbaud in a report on Wednesday, February 11th. Robert W. Baird upgraded Blackbaud from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $60.00 to $50.00 in a report on Thursday, April 30th. Weiss Ratings upgraded Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Zacks Research lowered Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Blackbaud currently has an average rating of “Hold” and an average target price of $52.50.

About Blackbaud

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.