Blackbaud, Inc. (NASDAQ:BLKB) CFO Anthony W. Boor Sells 3,100 Shares of Stock

Blackbaud, Inc. (NASDAQ:BLKB) CFO Anthony W. Boor sold 3,100 shares of Blackbaud stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $79.48, for a total value of $246,388.00. Following the completion of the transaction, the chief financial officer now owns 158,268 shares of the company’s stock, valued at $12,579,140.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Blackbaud Stock Up 3.1 %

Blackbaud stock opened at $79.13 on Tuesday. Blackbaud, Inc. has a fifty-two week low of $64.32 and a fifty-two week high of $88.56. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $4.23 billion, a P/E ratio of 2,637.67, a PEG ratio of 3.33 and a beta of 1.04. The stock has a 50-day simple moving average of $72.75 and a 200-day simple moving average of $75.95.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Tuesday, February 13th. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.09. Blackbaud had a return on equity of 14.59% and a net margin of 0.16%. The business had revenue of $295.01 million during the quarter, compared to the consensus estimate of $299.04 million. During the same period in the previous year, the business earned $0.28 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts expect that Blackbaud, Inc. will post 2.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Robert W. Baird decreased their price target on Blackbaud from $95.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. StockNews.com raised Blackbaud from a “hold” rating to a “buy” rating in a report on Thursday, April 11th.

Institutional Trading of Blackbaud

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Blackbaud by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,574,584 shares of the technology company’s stock valued at $483,316,000 after purchasing an additional 23,727 shares during the last quarter. Greenwood Capital Associates LLC increased its position in Blackbaud by 26.6% in the 4th quarter. Greenwood Capital Associates LLC now owns 7,519 shares of the technology company’s stock valued at $652,000 after acquiring an additional 1,581 shares during the period. Wellington Management Group LLP increased its position in Blackbaud by 20.4% in the 4th quarter. Wellington Management Group LLP now owns 456,432 shares of the technology company’s stock valued at $39,573,000 after acquiring an additional 77,348 shares during the period. Goldman Sachs Group Inc. increased its position in Blackbaud by 13.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 140,078 shares of the technology company’s stock valued at $12,145,000 after acquiring an additional 16,473 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its position in Blackbaud by 11.5% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 40,317 shares of the technology company’s stock valued at $3,495,000 after acquiring an additional 4,156 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

About Blackbaud

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.