BNP Paribas Financial Markets Raises Stake in Blackbaud, Inc. $BLKB

BNP Paribas Financial Markets grew its stake in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 16.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 143,484 shares of the technology company’s stock after purchasing an additional 20,511 shares during the period. BNP Paribas Financial Markets’ holdings in Blackbaud were worth $9,085,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Blackbaud by 14.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company’s stock worth $354,762,000 after buying an additional 706,695 shares during the last quarter. Greenhouse Funds LLLP boosted its stake in Blackbaud by 13.7% in the 3rd quarter. Greenhouse Funds LLLP now owns 802,904 shares of the technology company’s stock worth $51,635,000 after buying an additional 96,457 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Blackbaud in the 3rd quarter worth about $10,586,000. P2 Capital Partners LLC boosted its stake in Blackbaud by 28.4% in the 3rd quarter. P2 Capital Partners LLC now owns 630,303 shares of the technology company’s stock worth $40,535,000 after buying an additional 139,549 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Blackbaud by 35.0% in the 4th quarter. UBS Group AG now owns 164,128 shares of the technology company’s stock worth $10,393,000 after purchasing an additional 42,521 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Blackbaud Stock Performance

Shares of NASDAQ BLKB opened at $27.66 on Tuesday. Blackbaud, Inc. has a 12-month low of $27.25 and a 12-month high of $74.88. The company has a market cap of $1.27 billion, a PE ratio of 9.38, a P/E/G ratio of 1.01 and a beta of 1.02. The stock has a 50 day simple moving average of $34.58 and a 200-day simple moving average of $47.33. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 33.66.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Wednesday, April 29th. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. Blackbaud had a return on equity of 176.76% and a net margin of 12.41%.The firm had revenue of $281.14 million for the quarter, compared to analysts’ expectations of $279.81 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, equities research analysts forecast that Blackbaud, Inc. will post 3.57 EPS for the current year.

Wall Street Analysts Forecast Growth

BLKB has been the topic of a number of research reports. Evercore set a $55.00 price objective on Blackbaud in a report on Wednesday, February 11th. Stifel Nicolaus dropped their price objective on Blackbaud from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Tuesday, April 28th. Zacks Research downgraded Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings upgraded Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Robert W. Baird raised Blackbaud from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $60.00 to $50.00 in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $52.50.

Insider Buying and Selling

In related news, CFO Chad Anderson sold 6,205 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the sale, the chief financial officer owned 62,869 shares of the company’s stock, valued at $1,968,428.39. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.97% of the stock is currently owned by insiders.

Blackbaud Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.