Hsbc Holdings PLC Purchases New Position in Blackbaud, Inc. $BLKB

Key Points

• HSBC Holdings PLC acquired 26,204 Blackbaud shares worth approximately $768,000 during the second quarter, while institutional investors collectively owned 94.21% of the company.
• Analyst sentiment remains mixed, with Blackbaud holding a consensus “Hold” rating and an average price target of $48.50. Targets range from $30 to $55.
• Blackbaud beat quarterly EPS expectations, reporting $1.33 versus the $1.23 consensus estimate, although revenue of $290.6 million fell slightly short of forecasts. The CEO and an executive vice president also recently sold shares.

Hsbc Holdings PLC acquired a new stake in Blackbaud, Inc. (NASDAQ:BLKB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,204 shares of the technology company's stock, valued at approximately $768,000. Hsbc Holdings PLC owned approximately 0.06% of Blackbaud at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BLKB. Altshuler Shaham Ltd acquired a new stake in shares of Blackbaud during the first quarter worth about $29,000. Parallel Advisors LLC boosted 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 valued at $30,000 after purchasing an additional 660 shares during the period. Blue Trust Inc. boosted 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 valued at $33,000 after purchasing an additional 266 shares during the period. Rothschild Investment LLC boosted its position 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 during the period. Finally, Versant Capital Management Inc grew its stake in Blackbaud by 243.9% during the 2nd quarter. Versant Capital Management Inc now owns 1,286 shares of the technology company's stock worth $38,000 after buying an additional 912 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on BLKB shares. Stifel Nicolaus cut their price target on 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 raised 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 target price on shares of Blackbaud in a research report on Thursday, July 30th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $55.00 target price on shares of Blackbaud in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $48.50.

Blackbaud Price Performance

Shares of BLKB opened at $47.78 on Wednesday. The company has a debt-to-equity ratio of 16.82, a quick ratio of 0.83 and a current ratio of 0.83. Blackbaud, Inc. has a fifty-two week low of $25.58 and a fifty-two week high of $70.71. The firm has a 50-day simple moving average of $38.22 and a 200-day simple moving average of $37.87. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99.

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

Insider Activity at Blackbaud

In other news, CEO Michael P. Gianoni sold 17,000 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $47.35, for a total transaction of $804,950.00. Following the completion of the sale, the chief executive officer owned 423,264 shares in the company, valued at $20,041,550.40. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin P. Gregoire sold 22,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $45.50, for a total value of $1,001,000.00. Following the sale, the executive vice president directly owned 113,194 shares of the company's stock, valued at approximately $5,150,327. This represents a 16.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.01% of the company's stock.

Blackbaud Company 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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