Capital Fund Management S.A. Takes Position in Blackbaud, Inc. $BLKB

Key Points

• Capital Fund Management S.A. purchased 20,408 shares of Blackbaud, Inc. for about $1,266,000, marking a new position for the fund.
• Insider trading activity includes EVP Kevin P. Gregoire selling 8,000 shares, resulting in a 6.71% decrease in his ownership, while Director Rupal S. Hollenbeck sold 2,500 shares, decreasing their position by 23.89%.
• Blackbaud's stock has been rated as a "buy" by analysts at Wall Street Zen, although some have lowered their price targets, with the stock currently holding a consensus rating of "Hold" with a target price of $78.67.

Capital Fund Management S.A. purchased a new stake in shares of Blackbaud, Inc. (NASDAQ:BLKB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,408 shares of the technology company's stock, valued at approximately $1,266,000.

Other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc boosted its position in Blackbaud by 127.4% during the first quarter. Versant Capital Management Inc now owns 523 shares of the technology company's stock valued at $32,000 after acquiring an additional 293 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Blackbaud by 63.2% during the first quarter. UMB Bank n.a. now owns 692 shares of the technology company's stock valued at $43,000 after purchasing an additional 268 shares during the period. KBC Group NV raised its holdings in shares of Blackbaud by 31.8% during the first quarter. KBC Group NV now owns 2,209 shares of the technology company's stock valued at $137,000 after purchasing an additional 533 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Blackbaud by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,300 shares of the technology company's stock valued at $143,000 after purchasing an additional 231 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Blackbaud by 156.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,875 shares of the technology company's stock valued at $213,000 after purchasing an additional 1,752 shares during the period. Institutional investors own 94.21% of the company's stock.

Blackbaud Stock Up 0.8%

NASDAQ:BLKB traded up $0.55 on Friday, hitting $66.71. The stock had a trading volume of 208,446 shares, compared to its average volume of 299,826. The company has a debt-to-equity ratio of 12.92, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $3.24 billion, a P/E ratio of -11.54, a price-to-earnings-growth ratio of 4.65 and a beta of 1.13. Blackbaud, Inc. has a 1 year low of $58.05 and a 1 year high of $88.95. The firm's fifty day simple moving average is $64.66 and its two-hundred day simple moving average is $64.24.

Blackbaud (NASDAQ:BLKB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.05 by $0.16. The firm had revenue of $281.38 million during the quarter, compared to analyst estimates of $276.48 million. Blackbaud had a negative net margin of 24.82% and a positive return on equity of 61.72%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. Blackbaud has set its FY 2025 guidance at 4.300-4.500 EPS. Analysts predict that Blackbaud, Inc. will post 3.05 earnings per share for the current year.

Insider Activity

In other news, Director Rupal S. Hollenbeck sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $63.98, for a total transaction of $159,950.00. Following the completion of the sale, the director owned 7,966 shares in the company, valued at $509,664.68. This trade represents a 23.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kevin P. Gregoire sold 8,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 111,156 shares of the company's stock, valued at approximately $8,077,706.52. This trade represents a 6.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.97% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BLKB. Stifel Nicolaus dropped their price objective on shares of Blackbaud from $75.00 to $65.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Blackbaud from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $78.67.

Blackbaud 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.