Blackbaud, Inc. (BLKB) CFO Anthony W. Boor Sells 10,954 Shares

Blackbaud, Inc. (NASDAQ:BLKB) CFO Anthony W. Boor sold 10,954 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $94.42, for a total transaction of $1,034,276.68. Following the transaction, the chief financial officer now directly owns 125,224 shares in the company, valued at approximately $11,823,650.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Blackbaud, Inc. (NASDAQ:BLKB) traded up $1.46 during trading on Tuesday, hitting $95.20. 244,986 shares of the stock were exchanged, compared to its average volume of 307,406. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.63 and a current ratio of 0.81. Blackbaud, Inc. has a 52-week low of $68.61 and a 52-week high of $104.55. The stock has a market cap of $4,500.23, a P/E ratio of 56.37, a P/E/G ratio of 5.34 and a beta of 0.75.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Tuesday, February 27th. Blackbaud’s payout ratio is currently 35.04%.

Several institutional investors have recently modified their holdings of BLKB. State Street Corp grew its position in shares of Blackbaud by 37.0% in the 2nd quarter. State Street Corp now owns 1,587,812 shares of the technology company’s stock worth $136,159,000 after buying an additional 428,948 shares during the last quarter. Koch Industries Inc. purchased a new position in shares of Blackbaud in the 2nd quarter worth approximately $375,000. FMR LLC grew its position in shares of Blackbaud by 142.0% in the 2nd quarter. FMR LLC now owns 345,736 shares of the technology company’s stock worth $29,647,000 after buying an additional 202,843 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Blackbaud in the 2nd quarter worth approximately $12,284,000. Finally, BlackRock Inc. grew its position in shares of Blackbaud by 1.7% in the 4th quarter. BlackRock Inc. now owns 5,056,336 shares of the technology company’s stock worth $477,772,000 after buying an additional 85,826 shares during the last quarter.

A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Blackbaud from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Monday, October 30th. BidaskClub downgraded shares of Blackbaud from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. B. Riley set a $82.00 target price on shares of Blackbaud and gave the company a “hold” rating in a research report on Thursday, October 26th. Dougherty & Co assumed coverage on shares of Blackbaud in a research report on Tuesday, October 31st. They set a “neutral” rating on the stock. Finally, Stifel Nicolaus raised their target price on shares of Blackbaud from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $95.33.

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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).

Insider Buying and Selling by Quarter for Blackbaud (NASDAQ:BLKB)

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