NASDAQ:BLKBBlackbaud Stock Price, Forecast & News

$59.64

+1.03 (+1.76 %)

(As of 06/1/2020 12:38 PM ET)

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Today's Range

$58.10

Now: $59.64▼

$59.78

50-Day Range

$48.24

MA: $52.88▼

$61.23

52-Week Range

$38.22

Now: $59.64▼

$97.35

Volume6,052 shs

Average Volume428,843 shs

Market Capitalization$2.96 billion

P/E Ratio161.19

Dividend Yield0.82%

Beta1.1

Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, individual change agents, and other charitable giving entities. The company offers fundraising and relationship management solutions and services, including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud Luminate CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, everydayhero, Blackbaud Peer-to-Peer Fundraising, and Blackbaud Guided Fundraising; and marketing and engagement solutions, such as Blackbaud Luminate Online, Blackbaud Online Express, Blackbaud NetCommunity, Blackbaud Attentive.ly, and Blackbaud School Website System. It also provides Blackbaud Financial Edge NXT, Blackbaud Smart Tuition, and Blackbaud Smart Aid financial management solutions and services; and Blackbaud Grantmaking, Blackbaud Award Management, FIMS, and Blackbaud Outcomes grant and award management solutions. In addition, the company offers organizational and program management solutions and services comprising Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, Blackbaud Altru, and Blackbaud Church Management; and Blackbaud Employee Giving and Blackbaud Employee Volunteering, and YourCause corporate social responsibility solutions. Further, it provides Blackbaud's SKY Intelligence analytics solutions, as well as donor acquisition, prospect research, data enrichment, and benchmarking and performance management solutions and services; and Blackbaud Merchant Services and Blackbaud Purchase Cards payment services. Additionally, the company offers customer support and maintenance, professional and managed, and training services. It has operations primarily in the United States, the United Kingdom, Canada, and Australia. The company was founded in 1981 and is headquartered in Charleston, South Carolina.

Beat the Market (BTM) Rank^™

1.9 Analyst's Opinion

Consensus Rating
Blackbaud has received a consensus rating of Hold. The company's average rating score is 1.80, and is based on no buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $74.00, Blackbaud has a potential upside of 24.1% from its current price of $59.64.
Amount of Analyst Coverage
Blackbaud has only been the subject of 3 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Blackbaud has received 372 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Blackbaud has received 437 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Blackbaud has received 54.02% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Blackbaud and other stocks. Vote “Outperform” if you believe BLKB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BLKB will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Blackbaud is a leading dividend payer. It pays a dividend yield of 0.82%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Blackbaud does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Blackbaud is 37.80 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Blackbaud will have a dividend payout ratio of 38.40 % next year. This indicates that Blackbaud will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Blackbaud insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.56% of the stock of Blackbaud is held by insiders.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Blackbaud are expected to grow by 9.65% in the coming year, from $1.14 to $1.25 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Blackbaud is 161.19, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.48.
Price to Earnings Ratio vs. Sector
The P/E ratio of Blackbaud is 161.19, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.32.
Price to Earnings Growth Ratio
Blackbaud has a PEG Ratio of 11.98. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Blackbaud has a P/B Ratio of 7.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.63 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Prepackaged software

Sub-IndustryApplication Software

SectorComputer and Technology

Current SymbolNASDAQ:BLKB

Previous Symbol

CUSIP09227Q10

CIK1280058

Webwww.blackbaud.com

Phone843-216-6200

Debt

Debt-to-Equity Ratio1.61

Current Ratio0.69

Quick Ratio0.69

Price-To-Earnings

Trailing P/E Ratio161.19

Forward P/E Ratio52.32

P/E Growth11.98

Sales & Book Value

Annual Sales$900.42 million

Price / Sales3.29

Cash Flow$3.05 per share

Price / Cash Flow19.54

Book Value$8.07 per share

Price / Book7.39

Profitability

EPS (Most Recent Fiscal Year)$1.27

Net Income$11.91 million

Net Margins1.95%

Return on Equity15.99%

Return on Assets3.38%

Miscellaneous

Employees3,611

Outstanding Shares49,620,000

Market Cap$2.96 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Blackbaud (NASDAQ:BLKB) Frequently Asked Questions

How has Blackbaud's stock been impacted by COVID-19 (Coronavirus)?

Blackbaud's stock was trading at $61.10 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BLKB stock has decreased by 2.4% and is now trading at $59.64. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Blackbaud?

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

When is Blackbaud's next earnings date?

Blackbaud is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Blackbaud.

How were Blackbaud's earnings last quarter?

Blackbaud, Inc. (NASDAQ:BLKB) posted its quarterly earnings results on Tuesday, May, 5th. The technology company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. The technology company had revenue of $223.62 million for the quarter, compared to the consensus estimate of $221.97 million. Blackbaud had a return on equity of 15.99% and a net margin of 1.95%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. View Blackbaud's earnings history.

How often does Blackbaud pay dividends? What is the dividend yield for Blackbaud?

Blackbaud declared a quarterly dividend on Monday, February 10th. Investors of record on Friday, February 28th will be given a dividend of $0.12 per share on Friday, March 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, February 27th. View Blackbaud's dividend history.

What price target have analysts set for BLKB?

5 analysts have issued 1-year target prices for Blackbaud's shares. Their forecasts range from $50.00 to $92.00. On average, they expect Blackbaud's share price to reach $74.00 in the next year. This suggests a possible upside of 24.1% from the stock's current price. View analysts' price targets for Blackbaud.

Has Blackbaud been receiving favorable news coverage?

News coverage about BLKB stock has been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Blackbaud earned a news sentiment score of 1.0 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutBlackbaud.

Are investors shorting Blackbaud?

Blackbaud saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,980,000 shares, a drop of 6.9% from the April 30th total of 3,200,000 shares. Based on an average trading volume of 525,800 shares, the short-interest ratio is presently 5.7 days. Approximately 6.1% of the company's stock are sold short. View Blackbaud's Current Options Chain.

Who are some of Blackbaud's key competitors?

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

What other stocks do shareholders of Blackbaud own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackbaud investors own include CVS Health (CVS), Suncor Energy (SU), Verizon Communications (VZ), Activision Blizzard (ATVI), Broadcom (AVGO), Intel (INTC), IPG Photonics (IPGP), Mondelez International (MDLZ), Marathon Petroleum (MPC) and PepsiCo (PEP).

Who are Blackbaud's key executives?

Blackbaud's management team includes the following people:

Mr. Michael P. Gianoni, Pres, CEO & Director (Age 58)
Mr. Anthony W. Boor, Exec. VP of Fin. & Admin. and CFO (Age 56)
Mr. Jon W. Olson, Sr. VP, Gen. Counsel & Corp. Sec. (Age 55)
Mr. Kevin W. Mooney, Exec. VP & Pres of Gen. Markets Group (Age 61)
Mr. Kevin P. Gregoire, Exec. VP & Pres of Enterprise Market Group (EMG) - North America (Age 51)

What is Blackbaud's stock symbol?

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

Who are Blackbaud's major shareholders?

Blackbaud's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.58%), Atlanta Capital Management Co. L L C (9.56%), Wellington Management Group LLP (9.50%), Brown Capital Management LLC (6.74%), Janus Henderson Group PLC (6.65%) and State Street Corp (3.20%). 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.

Which institutional investors are selling Blackbaud stock?

BLKB stock was sold by a variety of institutional investors in the last quarter, including Champlain Investment Partners LLC, Janus Henderson Group PLC, Invesco Ltd., JPMorgan Chase & Co., Wellington Management Group LLP, Brown Capital Management LLC, BlackRock Inc., and UBS Group AG. 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, and Sarah E Nash. View insider buying and selling activity for Blackbaud.

Which institutional investors are buying Blackbaud stock?

BLKB stock was bought by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Echo Street Capital Management LLC, Atlanta Capital Management Co. L L C, Morgan Stanley, Morgan Stanley, Bank of New York Mellon Corp, Two Sigma Investments LP, and Eagle Asset Management Inc.. View insider buying and selling activity for Blackbaud.

How do I buy shares of 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.

What is Blackbaud's stock price today?

One share of BLKB stock can currently be purchased for approximately $59.64.

How big of a company is Blackbaud?

Blackbaud has a market capitalization of $2.96 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 3,611 workers across the globe.

What is Blackbaud's official website?

The official website for Blackbaud is www.blackbaud.com.

How can I contact Blackbaud?

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]

This page was last updated on 6/1/2020 by MarketBeat.com Staff