Blackbaud, Inc. (NASDAQ:BLKB) Shares Bought by Barclays PLC

Barclays PLC increased its position in Blackbaud, Inc. (NASDAQ:BLKB - Free Report) by 16.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,554 shares of the technology company's stock after acquiring an additional 12,997 shares during the period. Barclays PLC owned approximately 0.19% of Blackbaud worth $6,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLKB. Xponance Inc. boosted its holdings in Blackbaud by 2.4% in the 4th quarter. Xponance Inc. now owns 5,638 shares of the technology company's stock worth $417,000 after buying an additional 130 shares during the last quarter. Heritage Family Offices LLP boosted its holdings in Blackbaud by 5.9% in the 4th quarter. Heritage Family Offices LLP now owns 2,985 shares of the technology company's stock worth $221,000 after buying an additional 166 shares during the last quarter. Huntington National Bank boosted its holdings in Blackbaud by 13.9% in the 4th quarter. Huntington National Bank now owns 1,864 shares of the technology company's stock worth $138,000 after buying an additional 227 shares during the last quarter. Brookstone Capital Management boosted its holdings in Blackbaud by 3.7% in the 4th quarter. Brookstone Capital Management now owns 7,612 shares of the technology company's stock worth $563,000 after buying an additional 275 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Blackbaud by 20.9% in the 4th quarter. Blue Trust Inc. now owns 1,930 shares of the technology company's stock worth $143,000 after buying an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Blackbaud Trading Down 5.5 %

NASDAQ:BLKB traded down $3.52 during trading hours on Wednesday, hitting $60.54. The company had a trading volume of 551,660 shares, compared to its average volume of 236,828. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 7.40. The company has a 50-day moving average of $63.22 and a 200 day moving average of $73.88. The company has a market cap of $2.94 billion, a P/E ratio of -10.26 and a beta of 1.04. Blackbaud, Inc. has a 1 year low of $58.05 and a 1 year high of $88.95.

Blackbaud (NASDAQ:BLKB - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.96 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $268.53 million. During the same period in the prior year, the business posted $0.93 EPS. The company's revenue was down 3.1% compared to the same quarter last year. Sell-side analysts expect that Blackbaud, Inc. will post 3.05 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Robert W. Baird lowered their price objective on Blackbaud from $80.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $85.33.

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.