Mutual of America Capital Management LLC Has $1.53 Million Holdings in Blackbaud, Inc. (NASDAQ:BLKB)

Mutual of America Capital Management LLC cut its holdings in Blackbaud, Inc. (NASDAQ:BLKB) by 4.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,705 shares of the technology company’s stock after selling 868 shares during the period. Mutual of America Capital Management LLC’s holdings in Blackbaud were worth $1,531,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of BLKB. First Personal Financial Services grew its stake in shares of Blackbaud by 25.9% in the third quarter. First Personal Financial Services now owns 16,640 shares of the technology company’s stock valued at $1,409,000 after acquiring an additional 3,424 shares in the last quarter. Legacy Capital Wealth Partners LLC grew its stake in Blackbaud by 94.9% during the third quarter. Legacy Capital Wealth Partners LLC now owns 5,153 shares of the technology company’s stock worth $436,000 after buying an additional 2,509 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Blackbaud by 0.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 24,152 shares of the technology company’s stock worth $2,045,000 after buying an additional 151 shares in the last quarter. Geneva Capital Management LLC grew its stake in Blackbaud by 0.4% during the third quarter. Geneva Capital Management LLC now owns 1,175,493 shares of the technology company’s stock worth $99,541,000 after buying an additional 4,122 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in Blackbaud by 8.6% during the third quarter. Natixis Advisors LLC now owns 18,912 shares of the technology company’s stock worth $1,601,000 after buying an additional 1,492 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Blackbaud Stock Up 1.7 %

Blackbaud stock opened at $65.73 on Friday. The company has a debt-to-equity ratio of 7.40, a quick ratio of 0.68 and a current ratio of 0.78. Blackbaud, Inc. has a 52-week low of $63.69 and a 52-week high of $88.95. The firm has a 50 day moving average price of $74.03 and a two-hundred day moving average price of $79.40. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of -11.14 and a beta of 1.08.

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

Analysts Set New Price Targets

Separately, Robert W. Baird reduced their price objective 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.33.

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.