Analysts expect Blackbaud, Inc. (NASDAQ:BLKB) to post sales of $216.79 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Blackbaud’s earnings, with estimates ranging from $210.58 million to $219.32 million. Blackbaud posted sales of $198.31 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.3%. The firm is expected to announce its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Blackbaud will report full year sales of $216.79 million for the current financial year, with estimates ranging from $784.73 million to $791.34 million. For the next year, analysts anticipate that the company will post sales of $871.31 million per share, with estimates ranging from $861.00 million to $879.61 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Blackbaud.

Blackbaud (NASDAQ:BLKB) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.05. Blackbaud had a net margin of 6.82% and a return on equity of 31.25%. The company had revenue of $195.51 million during the quarter, compared to analysts’ expectations of $196.35 million. During the same period last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year.

A number of research analysts have issued reports on BLKB shares. Zacks Investment Research raised shares of Blackbaud from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. B. Riley reaffirmed a “neutral” rating and issued a $78.00 target price on shares of Blackbaud in a report on Monday, August 28th. Robert W. Baird increased their target price on shares of Blackbaud from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. Citigroup Inc. set a $112.00 price target on shares of Blackbaud and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Dougherty & Co began coverage on shares of Blackbaud in a research report on Tuesday, October 31st. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Blackbaud presently has an average rating of “Hold” and an average price target of $91.44.

In other news, EVP Kevin W. Mooney sold 5,027 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $83.52, for a total value of $419,855.04. Following the transaction, the executive vice president now owns 78,611 shares of the company’s stock, valued at approximately $6,565,590.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jon W. Olson sold 5,282 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $84.24, for a total transaction of $444,955.68. Following the completion of the transaction, the senior vice president now directly owns 50,756 shares in the company, valued at approximately $4,275,685.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,803 shares of company stock worth $1,397,190. 2.19% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brown Advisory Inc. boosted its holdings in shares of Blackbaud by 6.3% in the 3rd quarter. Brown Advisory Inc. now owns 727,400 shares of the technology company’s stock valued at $63,866,000 after buying an additional 42,871 shares during the period. Moody Aldrich Partners LLC boosted its holdings in shares of Blackbaud by 16.6% in the 3rd quarter. Moody Aldrich Partners LLC now owns 6,353 shares of the technology company’s stock valued at $558,000 after buying an additional 903 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Blackbaud by 5.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 215,252 shares of the technology company’s stock valued at $18,900,000 after buying an additional 10,517 shares during the period. Wells Fargo & Company MN boosted its stake in Blackbaud by 14.5% during the 3rd quarter. Wells Fargo & Company MN now owns 70,600 shares of the technology company’s stock valued at $6,198,000 after purchasing an additional 8,933 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Blackbaud by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 945,845 shares of the technology company’s stock valued at $82,432,000 after purchasing an additional 26,980 shares during the period.

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Shares of Blackbaud (NASDAQ BLKB) traded up $0.98 during trading on Monday, reaching $99.43. 160,300 shares of the company’s stock were exchanged, compared to its average volume of 317,019. Blackbaud has a 12 month low of $59.54 and a 12 month high of $103.41. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $4,790.00, a PE ratio of 59.19, a PEG ratio of 4.03 and a beta of 0.86.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.48%. Blackbaud’s dividend payout ratio (DPR) is currently 43.64%.

Blackbaud Company Profile

Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).

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Earnings History and Estimates for Blackbaud (NASDAQ:BLKB)

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