Blackbaud, Inc. (NASDAQ:BLKB) Shares Bought by KBC Group NV

KBC Group NV boosted its stake in Blackbaud, Inc. (NASDAQ:BLKB) by 33.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,676 shares of the technology company’s stock after acquiring an additional 424 shares during the period. KBC Group NV’s holdings in Blackbaud were worth $124,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC increased its stake in shares of Blackbaud by 42.0% during the third quarter. TD Private Client Wealth LLC now owns 1,174 shares of the technology company’s stock worth $99,000 after acquiring an additional 347 shares during the period. Blue Trust Inc. increased its holdings in Blackbaud by 190.4% in the third quarter. Blue Trust Inc. now owns 1,597 shares of the technology company’s stock valued at $135,000 after buying an additional 1,047 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Blackbaud during the 3rd quarter valued at approximately $142,000. Heritage Family Offices LLP boosted its stake 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 worth $221,000 after acquiring an additional 166 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Blackbaud in the 3rd quarter worth approximately $294,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BLKB has been the topic of a number of research reports. Baird R W cut shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird cut shares of Blackbaud from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $92.00 to $80.00 in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Blackbaud has a consensus rating of “Hold” and a consensus price target of $86.67.

Insider Transactions at Blackbaud

In other news, COO Kevin P. Gregoire sold 6,619 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $85.68, for a total value of $567,115.92. Following the completion of the sale, the chief operating officer now owns 99,096 shares in the company, valued at approximately $8,490,545.28. This trade represents a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sarah E. Nash sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $83.46, for a total value of $133,536.00. Following the sale, the director now owns 22,123 shares in the company, valued at approximately $1,846,385.58. The trade was a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,823 shares of company stock worth $3,477,112. 1.95% of the stock is currently owned by company insiders.

Blackbaud Stock Down 0.8 %

Shares of BLKB opened at $78.06 on Friday. Blackbaud, Inc. has a fifty-two week low of $66.47 and a fifty-two week high of $88.95. The firm has a market cap of $3.84 billion, a PE ratio of 76.53 and a beta of 1.08. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.79. The company’s fifty day moving average is $77.24 and its two-hundred day moving average is $80.37.

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.