Insider Selling: Blackbaud, Inc. (BLKB) EVP Sells 4,466 Shares of Stock
Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin W. Mooney sold 4,466 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $101.00, for a total value of $451,066.00. Following the transaction, the executive vice president now owns 71,655 shares in the company, valued at approximately $7,237,155. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Blackbaud, Inc. (NASDAQ BLKB) traded up $1.69 during trading on Thursday, reaching $100.67. The company’s stock had a trading volume of 259,639 shares, compared to its average volume of 315,646. Blackbaud, Inc. 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 company has a market cap of $4,840.00, a price-to-earnings ratio of 60.26, a PEG ratio of 4.57 and a beta of 0.86.
Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.05. Blackbaud had a return on equity of 31.25% and a net margin of 6.82%. The firm had revenue of $195.51 million for the quarter, compared to analyst estimates of $196.35 million. During the same quarter last year, the company earned $0.45 EPS. The company’s revenue was up 6.8% on a year-over-year basis. equities analysts expect that Blackbaud, Inc. will post 1.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend 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 presently 43.64%.
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A number of equities analysts have recently weighed in on BLKB shares. Zacks Investment Research upgraded Blackbaud from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. B. Riley reiterated a “neutral” rating and set a $78.00 target price on shares of Blackbaud in a research note on Monday, August 28th. Robert W. Baird increased their target price on Blackbaud from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Citigroup Inc. set a $112.00 target price on Blackbaud and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, Dougherty & Co started coverage on Blackbaud in a research note on Tuesday, October 31st. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $91.44.
A number of institutional investors have recently bought and sold shares of the business. Colony Group LLC bought a new position in Blackbaud during the 3rd quarter worth $2,504,000. California Public Employees Retirement System increased its stake in Blackbaud by 6.4% during the 3rd quarter. California Public Employees Retirement System now owns 72,366 shares of the technology company’s stock worth $6,354,000 after acquiring an additional 4,366 shares during the period. Jane Street Group LLC increased its stake in Blackbaud by 80.7% during the 3rd quarter. Jane Street Group LLC now owns 6,081 shares of the technology company’s stock worth $534,000 after acquiring an additional 2,715 shares during the period. Segall Bryant & Hamill LLC increased its stake in Blackbaud by 10.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 73,132 shares of the technology company’s stock worth $6,421,000 after acquiring an additional 7,156 shares during the period. Finally, Jackson Square Partners LLC increased its stake in Blackbaud by 3.7% during the 3rd quarter. Jackson Square Partners LLC now owns 1,162,056 shares of the technology company’s stock worth $102,028,000 after acquiring an additional 41,858 shares during the period.
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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