Blackbaud, Inc. (NASDAQ:BLKB) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in Blackbaud, Inc. (NASDAQ:BLKB) by 17.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,948 shares of the technology company’s stock after buying an additional 3,533 shares during the period. BNP Paribas Financial Markets’ holdings in Blackbaud were worth $2,028,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. DT Investment Partners LLC acquired a new stake in Blackbaud in the second quarter worth $33,000. Quest Partners LLC increased its holdings in shares of Blackbaud by 2,950.0% in the 2nd quarter. Quest Partners LLC now owns 427 shares of the technology company’s stock worth $33,000 after acquiring an additional 413 shares during the period. Blue Trust Inc. lifted its position in Blackbaud by 190.4% in the 3rd quarter. Blue Trust Inc. now owns 1,597 shares of the technology company’s stock valued at $135,000 after purchasing an additional 1,047 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Blackbaud during the 3rd quarter valued at about $142,000. Finally, Legacy Capital Wealth Partners LLC bought a new position in Blackbaud in the 2nd quarter worth about $201,000. Institutional investors own 94.21% of the company’s stock.

Blackbaud Stock Performance

Shares of NASDAQ BLKB opened at $79.93 on Friday. Blackbaud, Inc. has a 1 year low of $66.47 and a 1 year high of $88.95. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a fifty day moving average price of $83.43 and a two-hundred day moving average price of $80.47. The firm has a market cap of $4.05 billion, a P/E ratio of 78.36 and a beta of 1.06.

Blackbaud (NASDAQ:BLKB) last released its earnings results on Wednesday, October 30th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.08). Blackbaud had a return on equity of 20.34% and a net margin of 4.61%. The firm had revenue of $286.70 million for the quarter, compared to analyst estimates of $293.74 million. During the same period in the previous year, the firm earned $0.65 earnings per share. Blackbaud’s revenue was up 3.3% on a year-over-year basis. Research analysts forecast that Blackbaud, Inc. will post 2.6 EPS for the current fiscal year.

Insider Buying and Selling

In other Blackbaud news, CFO Anthony W. Boor sold 10,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $84.85, for a total value of $848,500.00. Following the transaction, the chief financial officer now owns 140,262 shares of the company’s stock, valued at approximately $11,901,230.70. This represents a 6.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael P. Gianoni sold 9,479 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $88.13, for a total value of $835,384.27. Following the sale, the chief executive officer now directly owns 344,079 shares of the company’s stock, valued at approximately $30,323,682.27. This represents a 2.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,394 shares of company stock worth $4,373,270 in the last ninety days. 1.95% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BLKB has been the subject of several analyst reports. Baird R W downgraded Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Robert W. Baird lowered Blackbaud from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $92.00 to $80.00 in a research report on Thursday, October 31st. Raymond James lowered their price target on Blackbaud from $98.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. Finally, Stifel Nicolaus upped their price objective on shares of Blackbaud from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $86.67.

About Blackbaud

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.