Blackbaud (NASDAQ:BLKB) Releases FY 2025 Earnings Guidance

Key Points

• Blackbaud updated its FY 2025 earnings guidance, projecting earnings per share (EPS) between 4.300 and 4.500, higher than the consensus estimate of 4.223.
• Stifel Nicolaus reduced their price target for Blackbaud's shares from $75.00 to $65.00, maintaining a "hold" rating, while the consensus price target remains at $78.67.
• Blackbaud reported a quarterly earnings of $0.96 EPS, exceeding estimates, but noted a 3.1% decline in revenue year-over-year.

Blackbaud (NASDAQ:BLKB - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.300-4.500 for the period, compared to the consensus estimate of 4.223. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BLKB. Stifel Nicolaus reduced their price objective on Blackbaud from $75.00 to $65.00 and set a "hold" rating for the company in a research report on Thursday, May 1st. Wall Street Zen upgraded Blackbaud from a "hold" rating to a "buy" rating in a research note on Saturday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $78.67.

Blackbaud Trading Down 3.2%

Blackbaud stock traded down $2.14 during mid-day trading on Friday, hitting $65.28. The stock had a trading volume of 465,430 shares, compared to its average volume of 287,753. The stock has a 50-day simple moving average of $63.81 and a two-hundred day simple moving average of $65.84. The stock has a market capitalization of $3.17 billion, a PE ratio of -11.29, a P/E/G ratio of 4.64 and a beta of 1.13. Blackbaud has a 12 month low of $58.05 and a 12 month high of $88.95. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 12.92.

Blackbaud (NASDAQ:BLKB - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.16. Blackbaud had a positive return on equity of 61.72% and a negative net margin of 24.82%. The firm had revenue of $281.38 million for the quarter, compared to analysts' expectations of $276.48 million. During the same quarter last year, the business earned $1.08 earnings per share. The company's revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Blackbaud will post 3.05 EPS for the current year.

Insider Transactions at Blackbaud

In other news, EVP Kevin P. Gregoire sold 8,000 shares of Blackbaud stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $72.67, for a total transaction of $581,360.00. Following the transaction, the executive vice president owned 111,156 shares in the company, valued at $8,077,706.52. The trade was a 6.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Chad Anderson sold 5,500 shares of Blackbaud stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $63.99, for a total value of $351,945.00. Following the transaction, the chief financial officer owned 35,976 shares in the company, valued at $2,302,104.24. This trade represents a 13.26% decrease in their position. The disclosure for this sale can be found here. 1.97% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Blackbaud

Several institutional investors have recently bought and sold shares of BLKB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Blackbaud by 1.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,434 shares of the technology company's stock valued at $1,454,000 after acquiring an additional 361 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Blackbaud by 293.1% in the 1st quarter. Jones Financial Companies Lllp now owns 7,701 shares of the technology company's stock valued at $478,000 after acquiring an additional 5,742 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Blackbaud by 26.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company's stock valued at $14,225,000 after acquiring an additional 47,549 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Blackbaud by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,751 shares of the technology company's stock worth $6,314,000 after purchasing an additional 4,178 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Blackbaud by 886.2% during the 1st quarter. Jane Street Group LLC now owns 159,729 shares of the technology company's stock worth $9,911,000 after purchasing an additional 143,533 shares during the last quarter. Institutional investors own 94.21% of the company's stock.

Blackbaud Company Profile

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.