Blackbaud (NASDAQ:BLKB) Updates 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) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.300-4.500 for the period, compared to the consensus earnings per share 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.

Blackbaud Trading Down 3.2%

NASDAQ:BLKB traded down $2.14 during trading hours on Friday, reaching $65.28. 465,430 shares of the company were exchanged, compared to its average volume of 264,482. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of -11.29, a PEG ratio of 4.80 and a beta of 1.14. The stock has a 50 day simple moving average of $63.81 and a 200 day simple moving average of $66.00. Blackbaud has a 52-week low of $58.05 and a 52-week high of $88.95. The company has a debt-to-equity ratio of 12.92, a current ratio of 0.84 and a quick ratio of 0.73.

Blackbaud (NASDAQ:BLKB - Get Free Report) last posted 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 negative net margin of 24.82% and a positive return on equity of 61.72%. The firm had revenue of $281.38 million during the quarter, compared to the consensus estimate of $276.48 million. During the same quarter in the prior year, the company earned $1.08 EPS. The company's revenue was down 2.1% on a year-over-year basis. As a group, analysts predict that Blackbaud will post 3.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Blackbaud from a "hold" rating to a "buy" rating in a report on Saturday. Stifel Nicolaus decreased their price objective on shares of Blackbaud from $75.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $78.67.

Insider Buying and Selling

In related news, CFO Chad Anderson sold 5,500 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $63.99, for a total transaction of $351,945.00. Following the completion of the transaction, the chief financial officer directly owned 35,976 shares in the company, valued at $2,302,104.24. This represents a 13.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kevin P. Gregoire sold 8,000 shares of the 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 completion of the sale, the executive vice president directly owned 111,156 shares in the company, valued at approximately $8,077,706.52. This trade represents a 6.71% decrease in their position. The disclosure for this sale can be found here. 1.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BLKB. Jones Financial Companies Lllp raised its holdings in Blackbaud by 293.1% during the first quarter. Jones Financial Companies Lllp now owns 7,701 shares of the technology company's stock worth $478,000 after purchasing an additional 5,742 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Blackbaud by 1.6% during 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 purchasing an additional 361 shares during the period. 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 valued at $6,314,000 after purchasing an additional 4,178 shares during the period. Jane Street Group LLC raised its stake in shares of Blackbaud by 886.2% in the 1st quarter. Jane Street Group LLC now owns 159,729 shares of the technology company's stock worth $9,911,000 after buying an additional 143,533 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Blackbaud by 26.2% in the first quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company's stock valued at $14,225,000 after buying an additional 47,549 shares during the period. Institutional investors and hedge funds 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.