Teacher Retirement System of Texas Grows Position in BlackLine $BL

Key Points

• Teacher Retirement System of Texas boosted its BlackLine stake by 5,776.8% in Q4 to 475,665 shares, now owning about 0.80% of the company worth $26.3 million.
• Quarterly results beat expectations: BlackLine posted $0.63 EPS vs. $0.58 expected and $183.18M revenue (up 8.1% YoY), and set Q1 2026 guidance of $0.440–0.460 and FY2026 guidance of $2.370–2.480 EPS.
• Institutional ownership is very high (95.13%) and analysts are mixed—5 Buys, 7 Holds, 1 Sell—with an average target of $55.82, while the stock trades near its 52‑week low (~$29) and has a P/E around 73.

Teacher Retirement System of Texas increased its position in shares of BlackLine (NASDAQ:BL - Free Report) by 5,776.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 475,665 shares of the technology company's stock after buying an additional 467,571 shares during the period. Teacher Retirement System of Texas owned about 0.80% of BlackLine worth $26,300,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BL. Balyasny Asset Management L.P. increased its stake in shares of BlackLine by 720.9% during the third quarter. Balyasny Asset Management L.P. now owns 191,695 shares of the technology company's stock worth $10,179,000 after buying an additional 168,344 shares during the period. Ananym Capital Management LP increased its stake in shares of BlackLine by 37.5% during the third quarter. Ananym Capital Management LP now owns 442,511 shares of the technology company's stock worth $23,497,000 after buying an additional 120,590 shares during the period. Select Equity Group L.P. increased its stake in shares of BlackLine by 112.9% during the second quarter. Select Equity Group L.P. now owns 209,711 shares of the technology company's stock worth $11,874,000 after buying an additional 111,205 shares during the period. Schwartz Investment Counsel Inc. increased its stake in shares of BlackLine by 16.9% during the third quarter. Schwartz Investment Counsel Inc. now owns 690,000 shares of the technology company's stock worth $36,639,000 after buying an additional 100,000 shares during the period. Finally, Sone Capital Management LLC purchased a new stake in shares of BlackLine during the second quarter worth approximately $5,511,000. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

BlackLine Stock Performance

Shares of BL opened at $29.39 on Friday. The stock has a 50 day moving average price of $35.42 and a 200 day moving average price of $47.36. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 73.48, a price-to-earnings-growth ratio of 2.30 and a beta of 0.88. BlackLine has a 52-week low of $28.78 and a 52-week high of $59.57.

BlackLine (NASDAQ:BL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.05. The firm had revenue of $183.18 million during the quarter, compared to the consensus estimate of $182.98 million. BlackLine had a return on equity of 18.14% and a net margin of 3.50%.The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 earnings per share. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. Research analysts predict that BlackLine will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on BL. BMO Capital Markets restated a "market perform" rating on shares of BlackLine in a research note on Wednesday, March 18th. Robert W. Baird set a $50.00 price target on BlackLine in a report on Wednesday, February 11th. Citizens Jmp reaffirmed a "market outperform" rating and issued a $70.00 price target on shares of BlackLine in a report on Wednesday, February 11th. DA Davidson lowered their price target on BlackLine from $56.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 11th. Finally, Wall Street Zen raised BlackLine from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, BlackLine has an average rating of "Hold" and an average target price of $55.82.

BlackLine Profile

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company's flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.

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