Blackbaud, Inc. (NASDAQ:BLKB) CFO Anthony W. Boor Sells 3,100 Shares

Blackbaud, Inc. (NASDAQ:BLKB - Get Free Report) CFO Anthony W. Boor sold 3,100 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $79.48, for a total transaction of $246,388.00. Following the completion of the transaction, the chief financial officer now owns 158,268 shares of the company's stock, valued at approximately $12,579,140.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Blackbaud Price Performance

Shares of BLKB stock traded up $2.41 during trading hours on Monday, hitting $79.13. The company's stock had a trading volume of 746,426 shares, compared to its average volume of 285,791. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average of $72.75 and a 200-day moving average of $75.95. Blackbaud, Inc. has a twelve month low of $64.32 and a twelve month high of $88.56. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 2,637.67, a P/E/G ratio of 3.33 and a beta of 1.04.

Blackbaud (NASDAQ:BLKB - Get Free Report) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.09. Blackbaud had a return on equity of 14.59% and a net margin of 0.16%. The firm had revenue of $295.01 million for the quarter, compared to analysts' expectations of $299.04 million. During the same quarter in the prior year, the firm earned $0.28 EPS. Blackbaud's quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts anticipate that Blackbaud, Inc. will post 2.35 EPS for the current year.

Institutional Trading of Blackbaud

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Operose Advisors LLC purchased a new stake in shares of Blackbaud during the third quarter worth about $25,000. Russell Investments Group Ltd. purchased a new stake in Blackbaud in the 1st quarter worth approximately $35,000. FSC Wealth Advisors LLC acquired a new position in Blackbaud in the 3rd quarter valued at $40,000. GAMMA Investing LLC acquired a new position in Blackbaud in the 4th quarter valued at $64,000. Finally, Parallel Advisors LLC lifted its stake in shares of Blackbaud by 303.3% during the 4th quarter. Parallel Advisors LLC now owns 734 shares of the technology company's stock worth $64,000 after purchasing an additional 552 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on BLKB. StockNews.com raised Blackbaud from a "hold" rating to a "buy" rating in a research note on Thursday. Robert W. Baird cut their price target on Blackbaud from $95.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, February 14th.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.