8,138 Shares in Blackbaud, Inc. $BLKB Bought by Groupe la Francaise

Key Points

• Groupe la Francaise acquired 8,138 shares of Blackbaud, Inc. in Q1, valued at approximately $505,000.
• Blackbaud reported an EPS of $1.21 for the last quarter, surpassing analysts' estimates, despite a 2.1% decrease in revenue year-over-year.
• Analysts have mixed opinions on Blackbaud, with one firm upgrading the stock to a "buy" rating while others have maintained a "hold" rating with a price target of $78.67.

Groupe la Francaise bought a new position in Blackbaud, Inc. (NASDAQ:BLKB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 8,138 shares of the technology company's stock, valued at approximately $505,000.

Several other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in Blackbaud by 1.2% in the 4th quarter. Janus Henderson Group PLC now owns 2,885,062 shares of the technology company's stock worth $213,263,000 after buying an additional 34,600 shares during the period. ArrowMark Colorado Holdings LLC boosted its holdings in Blackbaud by 3.6% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,329,308 shares of the technology company's stock worth $98,262,000 after buying an additional 45,835 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Blackbaud by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,019,923 shares of the technology company's stock worth $75,393,000 after buying an additional 3,119 shares during the period. Northern Trust Corp boosted its holdings in Blackbaud by 9.1% in the 4th quarter. Northern Trust Corp now owns 693,577 shares of the technology company's stock worth $51,269,000 after buying an additional 57,941 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Blackbaud by 8.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 446,173 shares of the technology company's stock worth $27,685,000 after buying an additional 33,500 shares during the period. Institutional investors own 94.21% of the company's stock.

Blackbaud Stock Up 2.1%

BLKB opened at $66.46 on Monday. The firm has a 50-day simple moving average of $64.26 and a two-hundred day simple moving average of $64.40. Blackbaud, Inc. has a 52 week low of $58.05 and a 52 week high of $88.95. The company has a market capitalization of $3.22 billion, a PE ratio of -11.50, a price-to-earnings-growth ratio of 4.64 and a beta of 1.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 12.92.

Blackbaud (NASDAQ:BLKB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.21 EPS for the quarter, beating 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 last year, the firm earned $1.08 EPS. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. Blackbaud has set its FY 2025 guidance at 4.300-4.500 EPS. Analysts forecast that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Transactions at Blackbaud

In related news, Director Rupal S. Hollenbeck sold 2,500 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $63.98, for a total value of $159,950.00. Following the completion of the transaction, the director owned 7,966 shares of the company's stock, valued at approximately $509,664.68. This trade represents a 23.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin P. Gregoire sold 8,000 shares of the stock in a transaction dated Wednesday, July 30th. The shares were 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. The trade was 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 company insiders.

Analyst Ratings Changes

Several research firms have commented on BLKB. Wall Street Zen raised shares of Blackbaud from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Stifel Nicolaus dropped 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. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Blackbaud presently has an average rating of "Hold" and an average price target 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.

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