Blackbaud Stock Forecast, Price & News

Blackbaud's stock was trading at $61.10 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BLKB shares have decreased by 7.1% and is now trading at $56.77.
View which stocks have been most impacted by COVID-19.

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

Blackbaud is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Blackbaud.

Blackbaud, Inc. (NASDAQ:BLKB) released its quarterly earnings data on Wednesday, July, 29th. The technology company reported $0.85 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.50 by $0.35. The technology company earned $231.99 million during the quarter, compared to analysts' expectations of $217.74 million. Blackbaud had a return on equity of 16.68% and a net margin of 2.44%. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share.
View Blackbaud's earnings history.

Blackbaud announced a quarterly dividend on Monday, February 10th. Investors 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 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, February 27th.
View Blackbaud's dividend history.

5 brokers have issued 1 year target prices for Blackbaud's stock. Their forecasts range from $50.00 to $80.00. On average, they anticipate Blackbaud's share price to reach $65.00 in the next year. This suggests a possible upside of 14.5% from the stock's current price.
View analysts' price targets for Blackbaud.

Blackbaud saw a drop in short interest in the month of August. As of August 14th, there was short interest totaling 3,340,000 shares, a drop of 15.2% from the July 30th total of 3,940,000 shares. Based on an average trading volume of 427,100 shares, the days-to-cover ratio is presently 7.8 days. Currently, 6.9% of the company's shares are sold short.
View Blackbaud's Short Interest.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackbaud investors own include CVS Health (CVS), Intel (INTC), Suncor Energy (SU), Broadcom (AVGO), Bank of America (BAC), Baidu (BIDU), Fortinet (FTNT), IPG Photonics (IPGP), Mcdonald's (MCD) and Marathon Petroleum (MPC).

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

Blackbaud's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.79%), FMR LLC (4.51%), Bank of New York Mellon Corp (1.79%), Conestoga Capital Advisors LLC (1.44%), New York State Common Retirement Fund (1.16%) and First Trust Advisors LP (1.04%). Company insiders that own Blackbaud stock include 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 Conestoga Capital Advisors LLC, American Capital Management Inc., Bank of America Corp DE, Man Group plc, UBS Group AG, Balyasny Asset Management LLC, Prudential Financial Inc., and Goldman Sachs Group Inc.. Company insiders that have sold Blackbaud company stock in the last year include Anthony W Boor, George H Ellis, Michael P Gianoni, and Sarah E Nash.
View insider buying and selling activity for Blackbaud.

BLKB stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, First Trust Advisors LP, Federated Hermes Inc., Marshall Wace LLP, AQR Capital Management LLC, Greenhouse Funds LLLP, Mesirow Financial Investment Management Equity Management, and Marshall Wace North America L.P..
View insider buying and selling activity 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 $56.77.

Blackbaud has a market capitalization of $2.81 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.

The official website for Blackbaud is 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]