NASDAQ:BLKB - Blackbaud Stock Price, Forecast & News

Blackbaud trades on the NASDAQ under the ticker symbol "BLKB."

Blackbaud announced a quarterly dividend on Monday, February 10th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.12 per share on Friday, March 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, February 27th. View Blackbaud's Dividend History.

Blackbaud, Inc. (NASDAQ:BLKB) posted its earnings results on Monday, February, 10th. The technology company reported $0.51 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.50 by $0.01. The technology company earned $238.10 million during the quarter, compared to analysts' expectations of $232.17 million. Blackbaud had a return on equity of 16.12% and a net margin of 1.32%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. View Blackbaud's Earnings History.

Blackbaud is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Blackbaud.

Blackbaud updated its FY20 earnings guidance on Monday, February, 10th. The company provided EPS guidance of $2 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.26. The company issued revenue guidance of $937.77 million, compared to the consensus revenue estimate of 20-2.35.

4 analysts have issued twelve-month target prices for Blackbaud's stock. Their forecasts range from $80.00 to $92.00. On average, they anticipate Blackbaud's share price to reach $87.00 in the next twelve months. This suggests a possible upside of 28.3% from the stock's current price. View Analyst Price Targets for Blackbaud.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackbaud in the last year. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Blackbaud.

News articles about BLKB stock have been trending extremely negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Blackbaud earned a media sentiment score of -4.6 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Blackbaud.

Blackbaud saw a increase in short interest during the month of February. As of February 14th, there was short interest totalling 4,460,000 shares, an increase of 5.2% from the January 30th total of 4,240,000 shares. Based on an average daily trading volume, of 250,800 shares, the days-to-cover ratio is presently 17.8 days. Approximately 9.2% of the shares of the stock are sold short. View Blackbaud's Current Options Chain.

Some companies that are related to Blackbaud include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS), Cadence Design Systems (CDNS), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), FactSet Research Systems (FDS), Fair Isaac (FICO) and Guidewire Software (GWRE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackbaud investors own include CVS Health (CVS), Suncor Energy (SU), Broadcom (AVGO), IPG Photonics (IPGP), Marathon Petroleum (MPC), Philip Morris International (PM), Baidu (BIDU), CalAmp (CAMP), Intel (INTC) and Mondelez International (MDLZ).

Blackbaud's stock is owned by a number of of retail and institutional investors. Top institutional investors include Janus Henderson Group PLC (9.49%), Champlain Investment Partners LLC (5.29%), State Street Corp (3.15%), Fred Alger Management LLC (2.09%), Conestoga Capital Advisors LLC (2.07%) and FMR LLC (1.97%). Company insiders that own Blackbaud stock include Andrew M Leitch, Anthony W Boor, George H Ellis, Jon W Olson, Joyce Nelson, Kevin W Mooney, Michael P Gianoni, Sarah E Nash and Timothy C K Chou. View Institutional Ownership Trends for Blackbaud.

BLKB stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Sei Investments Co., AXA, AlphaCrest Capital Management LLC, Conestoga Capital Advisors LLC, Goldman Sachs Group Inc., New York State Common Retirement Fund and Fred Alger Management LLC. Company insiders that have sold Blackbaud company stock in the last year include Anthony W Boor, George H Ellis, Joyce Nelson, Kevin W Mooney, Michael P Gianoni, Sarah E Nash and Timothy C K Chou. View Insider Buying and Selling for Blackbaud.

BLKB stock was acquired by a variety of institutional investors in the last quarter, including Echo Street Capital Management LLC, FMR LLC, Van ECK Associates Corp, Bank of America Corp DE, UBS Group AG, Macquarie Group Ltd., Man Group plc and Renaissance Technologies LLC. View Insider Buying and Selling for Blackbaud.

Shares of BLKB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of BLKB stock can currently be purchased for approximately $67.80.

Blackbaud has a market capitalization of $3.33 billion and generates $900.42 million in revenue each year. The technology company earns $11.91 million in net income (profit) each year or $1.27 on an earnings per share basis. Blackbaud employs 3,353 workers across the globe.View Additional Information About Blackbaud.

The official website for Blackbaud is http://www.blackbaud.com/.

Blackbaud's mailing address is 65 FAIRCHILD STREET, CHARLESTON SC, 29492. The technology company can be reached via phone at 843-216-6200 or via email at [email protected]