American Century Companies Inc. Sells 730,822 Shares of BlackLine $BL

American Century Companies Inc. reduced its position in BlackLine (NASDAQ:BL) by 36.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,286,185 shares of the technology company’s stock after selling 730,822 shares during the period. American Century Companies Inc.’s holdings in BlackLine were worth $68,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in BlackLine during the third quarter valued at $38,000. Andra AP fonden grew its stake in shares of BlackLine by 11.1% during the 3rd quarter. Andra AP fonden now owns 99,446 shares of the technology company’s stock valued at $5,281,000 after purchasing an additional 9,946 shares during the period. MAI Capital Management increased its position in shares of BlackLine by 10,000.0% during the 3rd quarter. MAI Capital Management now owns 707 shares of the technology company’s stock valued at $38,000 after purchasing an additional 700 shares during the last quarter. Granite Investment Partners LLC increased its position in shares of BlackLine by 2.2% during the 3rd quarter. Granite Investment Partners LLC now owns 97,416 shares of the technology company’s stock valued at $5,173,000 after purchasing an additional 2,068 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of BlackLine in the 3rd quarter worth approximately $524,000. Institutional investors own 95.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BL shares. Cantor Fitzgerald cut their target price on shares of BlackLine from $58.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. BMO Capital Markets dropped their price target on shares of BlackLine from $63.00 to $57.00 and set a “market perform” rating on the stock in a research note on Friday, November 7th. Piper Sandler raised shares of BlackLine to a “hold” rating in a research report on Monday, February 2nd. Citigroup decreased their target price on BlackLine from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Finally, DA Davidson lowered their target price on BlackLine from $56.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, BlackLine currently has an average rating of “Hold” and a consensus target price of $56.00.

BlackLine Trading Up 1.3%

Shares of BL opened at $37.04 on Thursday. The firm has a market cap of $2.21 billion, a P/E ratio of 92.60, a price-to-earnings-growth ratio of 2.65 and a beta of 0.90. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.47 and a quick ratio of 1.47. BlackLine has a 1 year low of $31.75 and a 1 year high of $59.57. The company has a 50 day simple moving average of $47.02 and a two-hundred day simple moving average of $51.91.

BlackLine (NASDAQ:BL) last released its earnings results on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The firm had revenue of $183.18 million for the quarter, compared to the consensus estimate of $182.98 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. On average, equities analysts expect that BlackLine will post 0.9 earnings per share for the current fiscal year.

BlackLine Company Profile

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.