Blackbaud SVP Sells $85,624 in Stock (BLKB)
Blackbaud (NASDAQ:BLKB) SVP Charles T. Cumbaa unloaded 2,224 shares of Blackbaud stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $38.50, for a total transaction of $85,624.00. Following the transaction, the senior vice president now directly owns 36,281 shares of the company’s stock, valued at approximately $1,396,819. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Blackbaud (NASDAQ:BLKB) traded up 0.78% during mid-day trading on Friday, hitting $38.89. The stock had a trading volume of 205,738 shares. Blackbaud has a 1-year low of $29.42 and a 1-year high of $42.23. The stock has a 50-day moving average of $36.14 and a 200-day moving average of $33.76. The company has a market cap of $1.756 billion and a P/E ratio of 51.52.
Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.07. The company had revenue of $139.40 million for the quarter, compared to the consensus estimate of $133.95 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts expect that Blackbaud will post $1.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, August 26th.
Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Blackbaud in a research note on Friday, August 1st. They now have a $40.00 price target on the stock, up previously from $36.00.
Blackbaud, Inc is a global provider of software and related services designed specifically for nonprofit organizations.
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