Blackbaud - BLKB Stock Forecast, Price & News

Blackbaud, Inc. provides cloud software solutions to higher education institutions, K-12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies, and individual change agents in the United States and internationally. The company offers fundraising and relationship management solutions, such as Blackbaud Raiser's Edge NXT and Blackbaud CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, JustGiving, and Blackbaud Guided Fundraising and Blackbaud Volunteer Network Fundraising; marketing and engagement solutions, including Blackbaud Luminate Online, Blackbaud Online Express, and Blackbaud School Website System; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid Management. It also provides grant and award management solutions, consisting of Blackbaud Grantmaking and Blackbaud Award Management; organizational and program management, such as Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, Blackbaud Altru, and Blackbaud Church Management; social responsibility solutions, which includes YourCause GrantsConnect and YourCause CSRconnect; Blackbaud Merchant Services and Blackbaud Purchase Cards payment services; and Blackbaud's Intelligence for Good solutions, as well as donor acquisition, prospect research, data enrichment, and benchmarking and performance management solutions and services. It sells its solutions and related services through its direct sales force. Blackbaud, Inc. was founded in 1981 and is headquartered in Charleston, South Carolina.

Blackbaud Stock Up 0.5 %

Shares of Blackbaud stock traded up $0.27 on Friday, hitting $57.47. 211,060 shares of the company traded hands, compared to its average volume of 233,430. The company has a 50-day moving average price of $57.91 and a 200 day moving average price of $59.51. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.28. Blackbaud has a 12-month low of $48.52 and a 12-month high of $86.96. The company has a market cap of $3.05 billion, a PE ratio of -198.17, a PEG ratio of 13.49 and a beta of 0.98.

Blackbaud (NASDAQ:BLKB - Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. Blackbaud had a negative net margin of 1.47% and a positive return on equity of 8.04%. During the same quarter in the previous year, the company posted $0.32 EPS. Sell-side analysts predict that Blackbaud will post 0.75 earnings per share for the current year.

Insider Buying and Selling

In related news, Director George H. Ellis sold 1,500 shares of the company's stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $56.18, for a total value of $84,270.00. Following the completion of the sale, the director now directly owns 11,456 shares in the company, valued at $643,598.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Kevin P. Gregoire sold 1,800 shares of the company's stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $57.10, for a total value of $102,780.00. Following the completion of the sale, the chief operating officer now directly owns 98,381 shares in the company, valued at $5,617,555.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George H. Ellis sold 1,500 shares of the company's stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $56.18, for a total transaction of $84,270.00. Following the completion of the sale, the director now owns 11,456 shares of the company's stock, valued at $643,598.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,088 shares of company stock worth $939,526. Corporate insiders own 1.70% of the company's stock.