Groupe la Francaise Acquires Shares of 8,138 Blackbaud, Inc. $BLKB

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 purchased a new stake in Blackbaud, Inc. (NASDAQ:BLKB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,138 shares of the technology company's stock, valued at approximately $505,000.

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

Blackbaud Price Performance

Blackbaud stock traded up $0.55 on Friday, reaching $66.71. The company's stock had a trading volume of 208,446 shares, compared to its average volume of 348,134. 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 company has a market cap of $3.24 billion, a price-to-earnings ratio of -11.54, a PEG ratio of 4.66 and a beta of 1.13. The business's fifty day moving average price is $64.77 and its 200 day moving average price is $64.05. Blackbaud, Inc. has a twelve month low of $58.05 and a twelve month high of $88.95.

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised Blackbaud from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $78.67.

Insiders Place Their Bets

In other news, Director Rupal S. Hollenbeck sold 2,500 shares of the business's stock in a transaction on Friday, August 8th. The stock was 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. The trade was a 23.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kevin P. Gregoire sold 8,000 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $72.67, for a total value of $581,360.00. Following the completion of the sale, the executive vice president owned 111,156 shares of the company's stock, valued at $8,077,706.52. This represents a 6.71% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.97% of the company's stock.

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.