Deutsche Bank AG Purchases Shares of 41,756 Blackbaud, Inc. $BLKB

Deutsche Bank AG acquired a new stake in shares of Blackbaud, Inc. (NASDAQ:BLKB - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 41,756 shares of the technology company's stock, valued at approximately $1,237,000. Deutsche Bank AG owned about 0.09% of Blackbaud at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BLKB. Glenmede Investment Management LP raised its stake in Blackbaud by 2.1% during the third quarter. Glenmede Investment Management LP now owns 10,492 shares of the technology company's stock worth $675,000 after purchasing an additional 215 shares during the period. AXQ Capital LP increased its holdings in shares of Blackbaud by 3.0% during the 4th quarter. AXQ Capital LP now owns 8,307 shares of the technology company's stock worth $526,000 after buying an additional 243 shares during the last quarter. Comerica Bank increased its holdings in shares of Blackbaud by 1.0% during the 4th quarter. Comerica Bank now owns 24,847 shares of the technology company's stock worth $1,573,000 after buying an additional 255 shares during the last quarter. Blue Trust Inc. raised its position in shares of Blackbaud by 44.3% in the 1st quarter. Blue Trust Inc. now owns 867 shares of the technology company's stock worth $33,000 after buying an additional 266 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Blackbaud by 4.4% in the 4th quarter. Inspire Investing LLC now owns 7,382 shares of the technology company's stock worth $467,000 after buying an additional 310 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stifel Nicolaus lowered their price target on Blackbaud from $45.00 to $30.00 and set a "hold" rating for the company in a research report on Friday, July 10th. Weiss Ratings upgraded Blackbaud from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 6th. Robert W. Baird set a $54.00 price objective on Blackbaud in a research note on Thursday, July 30th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $55.00 target price on shares of Blackbaud in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $48.50.

Blackbaud Trading Up 0.1%

Shares of BLKB opened at $48.62 on Friday. Blackbaud, Inc. has a 12 month low of $25.58 and a 12 month high of $70.71. The stock's 50-day moving average is $37.38 and its two-hundred day moving average is $37.96. The company has a debt-to-equity ratio of 16.82, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $2.21 billion, a PE ratio of 15.19, a P/E/G ratio of 1.67 and a beta of 0.97.

Blackbaud (NASDAQ:BLKB - Get Free Report) last posted its earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.10. The business had revenue of $290.60 million during the quarter, compared to analyst estimates of $292.23 million. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Equities analysts forecast that Blackbaud, Inc. will post 3.71 earnings per share for the current fiscal year.

Insider Activity

In other 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 transaction of $804,950.00. Following the sale, the chief executive officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Chad Anderson sold 6,205 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $31.31, for a total value of $194,278.55. Following the completion of the transaction, the chief financial officer directly owned 62,869 shares of the company's stock, valued at $1,968,428.39. This represents a 8.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 45,205 shares of company stock worth $2,000,229 over the last 90 days. Company insiders own 2.01% of the company's stock.

Blackbaud Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company's main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser's Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.

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