Blackbaud, Inc. (NASDAQ:BLKB) Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC increased its holdings in Blackbaud, Inc. (NASDAQ:BLKB - Free Report) by 49.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,734 shares of the technology company's stock after buying an additional 45,483 shares during the quarter. Calamos Advisors LLC owned about 0.28% of Blackbaud worth $8,484,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of Blackbaud by 1.2% in the fourth quarter. Janus Henderson Group PLC now owns 2,885,062 shares of the technology company's stock worth $213,263,000 after acquiring an additional 34,600 shares during the period. ArrowMark Colorado Holdings LLC grew its position in Blackbaud by 3.6% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,329,308 shares of the technology company's stock worth $98,262,000 after purchasing an additional 45,835 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Blackbaud by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,019,923 shares of the technology company's stock valued at $75,393,000 after buying an additional 3,119 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Blackbaud by 9.1% in the 4th quarter. Northern Trust Corp now owns 693,577 shares of the technology company's stock valued at $51,269,000 after buying an additional 57,941 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Blackbaud by 41.0% in the fourth quarter. Bank of New York Mellon Corp now owns 482,561 shares of the technology company's stock worth $35,671,000 after buying an additional 140,273 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Blackbaud Stock Performance

Blackbaud stock traded down $0.54 during midday trading on Monday, hitting $65.22. 17,155 shares of the company were exchanged, compared to its average volume of 245,811. The firm has a market capitalization of $3.16 billion, a PE ratio of -11.05, a price-to-earnings-growth ratio of 4.90 and a beta of 1.14. Blackbaud, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $88.95. The business has a fifty day simple moving average of $62.90 and a two-hundred day simple moving average of $67.25. The company has a debt-to-equity ratio of 35.64, a quick ratio of 0.73 and a current ratio of 0.73.

Blackbaud (NASDAQ:BLKB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.06. The company had revenue of $270.66 million for the quarter, compared to the consensus estimate of $268.53 million. Blackbaud had a positive return on equity of 38.58% and a negative net margin of 25.05%. Blackbaud's revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 earnings per share. On average, sell-side analysts forecast that Blackbaud, Inc. will post 3.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus dropped their target price on Blackbaud from $75.00 to $65.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Blackbaud has an average rating of "Hold" and an average target price of $78.67.

Insider Activity at Blackbaud

In other news, SVP Jon W. Olson sold 10,698 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $61.15, for a total value of $654,182.70. Following the transaction, the senior vice president owned 23,799 shares in the company, valued at $1,455,308.85. This trade represents a 31.01% 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, CFO Chad Anderson sold 5,500 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $63.99, for a total value of $351,945.00. Following the transaction, the chief financial officer directly owned 35,976 shares in the company, valued at $2,302,104.24. This trade represents a 13.26% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.97% 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.