Yousif Capital Management LLC Sells 795 Shares of Blackbaud, Inc. (NASDAQ:BLKB)

Yousif Capital Management LLC cut its position in Blackbaud, Inc. (NASDAQ:BLKB) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,804 shares of the technology company’s stock after selling 795 shares during the quarter. Yousif Capital Management LLC’s holdings in Blackbaud were worth $1,020,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC raised its position in Blackbaud by 42.0% in the third quarter. TD Private Client Wealth LLC now owns 1,174 shares of the technology company’s stock valued at $99,000 after purchasing an additional 347 shares during the last quarter. KBC Group NV increased its stake in shares of Blackbaud by 33.9% in the fourth quarter. KBC Group NV now owns 1,676 shares of the technology company’s stock valued at $124,000 after buying an additional 424 shares during the period. Blue Trust Inc. increased its stake in shares of 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 during the period. Meeder Asset Management Inc. acquired a new stake in shares of Blackbaud in the third quarter valued at about $142,000. Finally, Heritage Family Offices LLP increased its stake in shares of Blackbaud by 5.9% in the fourth quarter. Heritage Family Offices LLP now owns 2,985 shares of the technology company’s stock valued at $221,000 after buying an additional 166 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Blackbaud Trading Down 1.1 %

NASDAQ BLKB opened at $79.88 on Friday. The business has a 50 day simple moving average of $77.03 and a 200 day simple moving average of $80.39. Blackbaud, Inc. has a one year low of $66.47 and a one year high of $88.95. The stock has a market capitalization of $3.93 billion, a P/E ratio of 78.31 and a beta of 1.08. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.68 and a quick ratio of 0.68.

Insider Buying and Selling

In other Blackbaud news, CEO Michael P. Gianoni sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $83.15, for a total value of $66,520.00. Following the completion of the sale, the chief executive officer now owns 373,293 shares of the company’s stock, valued at approximately $31,039,312.95. This trade represents a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Anthony W. Boor sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $84.85, for a total value of $848,500.00. Following the completion of the sale, the chief financial officer now directly owns 140,262 shares of the company’s stock, valued at $11,901,230.70. This trade represents a 6.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,204 shares of company stock valued at $2,909,997 over the last 90 days. Company insiders own 1.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BLKB. Robert W. Baird cut Blackbaud from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $92.00 to $80.00 in a research note on Thursday, October 31st. Baird R W cut Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Blackbaud has an average rating of “Hold” and a consensus target price 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.