Blackbaud, Inc. (NASDAQ:BLKB) Given Average Rating of “Hold” by Analysts

Shares of Blackbaud, Inc. (NASDAQ:BLKB) have received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $85.33.

Separately, Robert W. Baird lowered their target price on shares of Blackbaud from $80.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th.

Institutional Trading of Blackbaud

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Xponance Inc. grew its position in Blackbaud by 2.4% in the 4th quarter. Xponance Inc. now owns 5,638 shares of the technology company’s stock worth $417,000 after purchasing an additional 130 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Blackbaud by 0.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,152 shares of the technology company’s stock valued at $2,045,000 after acquiring an additional 151 shares in the last quarter. Heritage Family Offices LLP boosted its position in shares of Blackbaud by 5.9% during the 4th quarter. Heritage Family Offices LLP now owns 2,985 shares of the technology company’s stock valued at $221,000 after acquiring an additional 166 shares in the last quarter. Huntington National Bank boosted its position in shares of Blackbaud by 13.9% during the 4th quarter. Huntington National Bank now owns 1,864 shares of the technology company’s stock valued at $138,000 after acquiring an additional 227 shares in the last quarter. Finally, Brookstone Capital Management boosted its position in shares of Blackbaud by 3.7% during the 4th quarter. Brookstone Capital Management now owns 7,612 shares of the technology company’s stock valued at $563,000 after acquiring an additional 275 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Blackbaud Stock Up 0.2 %

Blackbaud stock opened at $63.45 on Friday. Blackbaud has a 1-year low of $62.99 and a 1-year high of $88.95. The firm’s fifty day simple moving average is $73.13 and its 200-day simple moving average is $78.85. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 7.40. The company has a market capitalization of $3.12 billion, a P/E ratio of -10.75 and a beta of 1.09.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.50). Blackbaud had a negative net margin of 24.83% and a positive return on equity of 26.30%. The firm had revenue of $302.23 million during the quarter, compared to analyst estimates of $303.41 million. Sell-side analysts forecast that Blackbaud will post 3.05 earnings per share for the current fiscal year.

Blackbaud Company Profile

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.