Oxford Asset Management LLP Invests $601,000 in Blackbaud, Inc. (NASDAQ:BLKB)

Oxford Asset Management LLP bought a new stake in Blackbaud, Inc. (NASDAQ:BLKB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,133 shares of the technology company's stock, valued at approximately $601,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Blackbaud by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,019,923 shares of the technology company's stock worth $75,393,000 after purchasing an additional 3,119 shares during the period. Bank of New York Mellon Corp raised its holdings in Blackbaud by 41.0% during the 4th quarter. Bank of New York Mellon Corp now owns 482,561 shares of the technology company's stock worth $35,671,000 after buying an additional 140,273 shares during the period. Norges Bank bought a new position in Blackbaud in the fourth quarter valued at approximately $34,168,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Blackbaud by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 412,673 shares of the technology company's stock valued at $30,505,000 after buying an additional 2,298 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Blackbaud by 28.7% during the fourth quarter. First Trust Advisors LP now owns 356,243 shares of the technology company's stock worth $26,333,000 after acquiring an additional 79,369 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

Blackbaud Stock Down 0.2 %

Blackbaud stock traded down $0.15 during mid-day trading on Friday, reaching $60.94. The company's stock had a trading volume of 174,763 shares, compared to its average volume of 237,876. The business's 50 day simple moving average is $63.06 and its 200 day simple moving average is $73.72. The company has a debt-to-equity ratio of 7.40, a quick ratio of 0.68 and a current ratio of 0.78. Blackbaud, Inc. has a 12 month low of $58.05 and a 12 month high of $88.95. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of -10.35 and a beta of 1.04.

Blackbaud (NASDAQ:BLKB - Get Free Report) last released its earnings results on Wednesday, April 30th. The technology company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.06. Blackbaud had a positive return on equity of 26.30% and a negative net margin of 24.83%. The business had revenue of $270.66 million for the quarter, compared to the consensus estimate of $268.53 million. During the same quarter in the previous year, the business earned $0.93 earnings per share. Blackbaud's quarterly revenue was down 3.1% on a year-over-year basis. As a group, research analysts anticipate that Blackbaud, Inc. will post 3.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BLKB. Stifel Nicolaus reduced their target price on shares of Blackbaud from $75.00 to $65.00 and set a "hold" rating for the company in a research note on Thursday. Robert W. Baird decreased their price objective on Blackbaud from $80.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $78.67.

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.