Van Berkom & Associates Inc. Has $49.39 Million Holdings in Blackbaud, Inc. $BLKB

Key Points

• Van Berkom & Associates increased its Q4 stake in Blackbaud by 16.7% to 779,935 shares worth $49.39 million, representing about 1.63% of the company amid overall institutional ownership of 94.21%.
• Blackbaud beat quarterly estimates with EPS of $1.14 (vs. $1.08 expected) and revenue of $281.14M, and set FY2026 guidance of 5.150–5.250 EPS.
• Analysts are mixed: the consensus rating is Hold with an average price target of $52.50, while individual targets and ratings range from downgrades to buy/outperform views (roughly $45–$55).

Van Berkom & Associates Inc. lifted its position in Blackbaud, Inc. (NASDAQ:BLKB - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 779,935 shares of the technology company's stock after buying an additional 111,388 shares during the quarter. Van Berkom & Associates Inc. owned about 1.63% of Blackbaud worth $49,385,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BLKB. Vanguard Group Inc. grew its stake in shares of Blackbaud by 14.7% in the 3rd quarter. Vanguard Group Inc. now owns 5,516,432 shares of the technology company's stock valued at $354,762,000 after buying an additional 706,695 shares in the last quarter. SG Capital Management LLC boosted its position in Blackbaud by 777.3% during the third quarter. SG Capital Management LLC now owns 598,547 shares of the technology company's stock worth $38,493,000 after purchasing an additional 530,320 shares during the period. Shapiro Capital Management LLC boosted its position in Blackbaud by 248.3% during the third quarter. Shapiro Capital Management LLC now owns 419,189 shares of the technology company's stock worth $26,958,000 after purchasing an additional 298,839 shares during the period. Tributary Capital Management LLC boosted its position in Blackbaud by 89.7% during the third quarter. Tributary Capital Management LLC now owns 503,742 shares of the technology company's stock worth $32,396,000 after purchasing an additional 238,251 shares during the period. Finally, Tudor Investment Corp ET AL bought a new stake in Blackbaud during the third quarter worth approximately $10,586,000. Institutional investors own 94.21% of the company's stock.

Analysts Set New Price Targets

BLKB has been the subject of a number of recent analyst reports. Weiss Ratings cut Blackbaud from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, April 21st. Zacks Research cut Blackbaud from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Stifel Nicolaus decreased their target price on Blackbaud from $50.00 to $45.00 and set a "hold" rating for the company in a research report on Tuesday, April 28th. Robert W. Baird raised Blackbaud from a "neutral" rating to an "outperform" rating and decreased their target price for the stock from $60.00 to $50.00 in a research report on Thursday, April 30th. Finally, Evercore set a $55.00 target price on Blackbaud in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $52.50.

Blackbaud Stock Performance

Shares of NASDAQ BLKB opened at $37.59 on Tuesday. The business has a fifty day simple moving average of $41.71 and a 200 day simple moving average of $52.72. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 33.66. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 1.29 and a beta of 1.09. Blackbaud, Inc. has a one year low of $33.95 and a one year high of $74.88.

Blackbaud (NASDAQ:BLKB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.06. Blackbaud had a return on equity of 176.76% and a net margin of 12.41%.The firm had revenue of $281.14 million for the quarter, compared to analysts' expectations of $279.81 million. During the same period in the prior year, the business posted $0.96 earnings per share. The business's revenue was up 4.2% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Sell-side analysts expect that Blackbaud, Inc. will post 3.68 EPS for the current year.

Insider Buying and Selling at Blackbaud

In other Blackbaud news, EVP Kevin P. Gregoire sold 2,000 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total value of $100,040.00. Following the sale, the executive vice president directly owned 135,194 shares in the company, valued at $6,762,403.88. This represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kevin Mcdearis sold 15,462 shares of the company's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $46.43, for a total value of $717,900.66. Following the completion of the sale, the executive vice president owned 91,756 shares in the company, valued at $4,260,231.08. This trade represents a 14.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 39,801 shares of company stock worth $1,893,874 over the last three months. Company insiders own 1.97% 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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