Blackbaud, Inc. (BLKB) - What Are Analysts Saying About This Stock?

Key Points

• Analyst sentiment is mixed: Blackbaud has a consensus “Hold” rating, with three holds and two buys among five analysts; the average 12-month price target is $52.
• Quarterly results were uneven: Earnings per share of $1.36 beat estimates of $1.33, while revenue of $292.64 million fell short of the $293.93 million consensus. Revenue nevertheless grew 4.1% year over year.
• Company insiders sold a combined 21,086 shares worth about $1.0 million over the past three months; institutional investors and hedge funds hold 94.21% of the stock.

Shares of Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) have earned a consensus recommendation of "Hold" from the five analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $52.00.

A number of brokerages have recently commented on BLKB. Robert W. Baird set a $68.00 price objective on shares of Blackbaud in a research report on Thursday, October 29th. Weiss Ratings raised shares of Blackbaud from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, October 19th. Raymond James Financial reaffirmed an "outperform" rating and issued a $55.00 target price on shares of Blackbaud in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus lowered their price target on shares of Blackbaud from $45.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, July 10th.

Insider Transactions at Blackbaud

In related news, CEO Michael P. Gianoni sold 17,000 shares of Blackbaud stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $47.35, for a total value of $804,950.00. Following the sale, the chief executive officer owned 423,264 shares of the company's stock, valued at approximately $20,041,550.40. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Chad Anderson sold 2,000 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $47.56, for a total value of $95,120.00. Following the sale, the chief financial officer owned 59,883 shares in the company, valued at $2,848,035.48. The trade was a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,086 shares of company stock worth $1,000,761 in the last three months. Insiders own 2.01% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BLKB. Salomon & Ludwin LLC increased its holdings in shares of Blackbaud by 162.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 693 shares of the technology company's stock worth $29,000 after acquiring an additional 429 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in Blackbaud during the 1st quarter valued at $29,000. Parallel Advisors LLC lifted its holdings in Blackbaud by 528.0% during the 1st quarter. Parallel Advisors LLC now owns 785 shares of the technology company's stock valued at $30,000 after purchasing an additional 660 shares during the last quarter. Performa Ltd US LLC lifted its holdings in Blackbaud by 337.5% during the 2nd quarter. Performa Ltd US LLC now owns 875 shares of the technology company's stock valued at $26,000 after purchasing an additional 675 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Blackbaud by 107.1% during the second quarter. Parkside Financial Bank & Trust now owns 959 shares of the technology company's stock worth $28,000 after purchasing an additional 496 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Blackbaud Stock Down 0.5%

Shares of Blackbaud stock opened at $55.80 on Friday. The firm has a market cap of $2.51 billion, a PE ratio of 17.22, a P/E/G ratio of 1.90 and a beta of 1.02. The business's 50 day simple moving average is $47.80 and its 200 day simple moving average is $41.42. The company has a debt-to-equity ratio of 8.55, a quick ratio of 0.68 and a current ratio of 0.68. Blackbaud has a 52-week low of $25.58 and a 52-week high of $64.84.

Blackbaud (NASDAQ:BLKB - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The technology company reported $1.36 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.03. The firm had revenue of $292.64 million during the quarter, compared to the consensus estimate of $293.93 million. Blackbaud had a return on equity of 209.40% and a net margin of 12.87%. The business's revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 EPS. On average, analysts predict that Blackbaud will post 3.74 earnings per share for the current fiscal year.

About Blackbaud

Blackbaud, Inc NASDAQ: BLKB develops cloud-based software and services for nonprofit organizations, educational institutions, healthcare and other social-impact organizations. Its technology helps customers manage fundraising, donor relationships, financial operations, grantmaking, marketing, ticketing, payments and community engagement.

The company's product portfolio includes solutions such as Raiser's Edge NXT for nonprofit fundraising and constituent relationship management, Financial Edge NXT for nonprofit accounting, Luminate for online fundraising and advocacy, Grantmaking, Blackbaud Tuition Management, and Altru for cultural organizations.

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