First National Bank of Omaha Takes Position in Blackbaud, Inc. $BLKB

Key Points

• First National Bank of Omaha acquired 24,696 Blackbaud shares worth approximately $731,000 in the second quarter. Institutional investors collectively own 94.21% of the company.
• Blackbaud reported quarterly EPS of $1.33, beating estimates of $1.23, while revenue rose 3.3% year over year to $290.6 million. The company issued fiscal 2026 EPS guidance of $5.15–$5.25.
• Insiders recently sold shares, including executive vice president Kevin Gregoire’s $1.0 million transaction, while analysts maintain a consensus “Hold” rating with an average price target of $48.50.

First National Bank of Omaha purchased a new position in shares of Blackbaud, Inc. (NASDAQ:BLKB - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,696 shares of the technology company's stock, valued at approximately $731,000. First National Bank of Omaha owned approximately 0.05% of Blackbaud at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Altshuler Shaham Ltd bought a new position in Blackbaud during the 1st quarter valued at $29,000. Parallel Advisors LLC increased its position in shares of Blackbaud by 528.0% in the 1st quarter. Parallel Advisors LLC now owns 785 shares of the technology company's stock worth $30,000 after purchasing an additional 660 shares during the last quarter. Blue Trust Inc. increased 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 purchasing an additional 266 shares during the last quarter. Rothschild Investment LLC raised its stake in shares of Blackbaud by 589.0% in the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company's stock valued at $36,000 after purchasing an additional 483 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Blackbaud by 243.9% in the 2nd quarter. Versant Capital Management Inc now owns 1,286 shares of the technology company's stock valued at $38,000 after purchasing an additional 912 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

Insider Activity at Blackbaud

In other news, EVP Kevin P. Gregoire sold 22,000 shares of Blackbaud stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $45.50, for a total transaction of $1,001,000.00. Following the sale, the executive vice president owned 113,194 shares of the company's stock, valued at approximately $5,150,327. The trade was a 16.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Chad Anderson sold 6,205 shares of the business's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $31.31, for a total value of $194,278.55. Following the transaction, the chief financial officer owned 62,869 shares of the company's stock, valued at $1,968,428.39. This trade represents a 8.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.01% of the stock is currently owned by company insiders.

Blackbaud Stock Performance

Shares of BLKB stock opened at $46.16 on Thursday. The company has a market cap of $2.10 billion, a P/E ratio of 14.42, a PEG ratio of 1.52 and a beta of 0.97. The business has a 50 day moving average of $34.54 and a two-hundred day moving average of $37.96. Blackbaud, Inc. has a 52 week low of $25.58 and a 52 week high of $70.71. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 16.82.

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

Wall Street Analyst Weigh In

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

About Blackbaud

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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