Charles Schwab Investment Management Inc. Has $30.51 Million Stock Position in Blackbaud, Inc. (NASDAQ:BLKB)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 412,673 shares of the technology company’s stock after buying an additional 2,298 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.84% of Blackbaud worth $30,505,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC increased its position in Blackbaud by 42.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,174 shares of the technology company’s stock worth $99,000 after purchasing an additional 347 shares during the last quarter. KBC Group NV increased its position in Blackbaud by 33.9% in the 4th quarter. KBC Group NV now owns 1,676 shares of the technology company’s stock worth $124,000 after purchasing an additional 424 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Blackbaud in the 3rd quarter worth about $142,000. Blue Trust Inc. increased its position in Blackbaud by 20.9% in the 4th quarter. Blue Trust Inc. now owns 1,930 shares of the technology company’s stock worth $143,000 after purchasing an additional 333 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Blackbaud in the 4th quarter worth about $216,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Blackbaud Trading Up 0.2 %

BLKB stock opened at $63.45 on Monday. The business has a fifty day moving average price of $73.13 and a 200 day moving average price of $78.82. Blackbaud, Inc. has a fifty-two week low of $62.99 and a fifty-two week high of $88.95. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -10.75 and a beta of 1.09. The company has a debt-to-equity ratio of 7.40, a current ratio of 0.78 and a quick ratio of 0.68.

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

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered their price objective on Blackbaud from $80.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.33.

Blackbaud 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.