Landscape Capital Management L.L.C. Invests $2.52 Million in Blackbaud, Inc. $BLKB

Key Points

• Landscape Capital Management acquired 85,261 Blackbaud shares worth approximately $2.52 million, while institutional investors collectively own 94.21% of the company.
• Analyst sentiment remains mixed, with Blackbaud holding an overall “Hold” consensus rating and an average price target of $48.50; targets range from $30 to $55.
• Blackbaud reported quarterly EPS of $1.33, beating estimates of $1.23, while revenue rose 3.3% year over year to $290.6 million. Two executives also sold shares, reducing their holdings.

Landscape Capital Management L.L.C. acquired a new position in shares of Blackbaud, Inc. (NASDAQ:BLKB - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 85,261 shares of the technology company's stock, valued at approximately $2,525,000. Landscape Capital Management L.L.C. owned 0.19% of Blackbaud as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Blackbaud during the second quarter worth $177,153,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Blackbaud by 143,409.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company's stock valued at $139,759,000 after buying an additional 2,205,641 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Blackbaud by 3.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company's stock valued at $60,071,000 after buying an additional 58,806 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Blackbaud by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 975,085 shares of the technology company's stock valued at $61,743,000 after buying an additional 5,709 shares during the period. Finally, Van Berkom & Associates Inc. lifted its stake in Blackbaud by 16.7% during the 4th quarter. Van Berkom & Associates Inc. now owns 779,935 shares of the technology company's stock worth $49,385,000 after acquiring an additional 111,388 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, EVP Kevin P. Gregoire sold 22,000 shares of the firm's stock in a transaction on Thursday, August 6th. The shares were 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 in the company, valued at approximately $5,150,327. This trade represents a 16.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Chad Anderson sold 6,205 shares of Blackbaud stock in a transaction on Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the sale, the chief financial officer directly owned 62,869 shares of the company's stock, valued at approximately $1,968,428.39. This trade represents a 8.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 Blackbaud stock opened at $47.52 on Friday. Blackbaud, Inc. has a one year low of $25.58 and a one year high of $70.71. The company has a market cap of $2.16 billion, a PE ratio of 14.85, a P/E/G ratio of 1.63 and a beta of 0.97. The company has a debt-to-equity ratio of 16.82, a quick ratio of 0.83 and a current ratio of 0.83. The business has a 50-day simple moving average of $35.31 and a 200-day simple moving average of $37.98.

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

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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