State of New Jersey Common Pension Fund D Purchases 7,090 Shares of Blackbaud, Inc. (NASDAQ:BLKB)

State of New Jersey Common Pension Fund D increased its holdings in Blackbaud, Inc. (NASDAQ:BLKBGet Rating) by 20.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 40,966 shares of the technology company’s stock after buying an additional 7,090 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Blackbaud were worth $2,453,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. grew its stake in Blackbaud by 112.0% in the 4th quarter. First Horizon Advisors Inc. now owns 458 shares of the technology company’s stock valued at $36,000 after purchasing an additional 242 shares during the period. UMB Bank N A MO purchased a new position in shares of Blackbaud in the 4th quarter worth about $39,000. Lazard Asset Management LLC boosted its holdings in shares of Blackbaud by 21.0% in the 4th quarter. Lazard Asset Management LLC now owns 1,210 shares of the technology company’s stock worth $95,000 after buying an additional 210 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Blackbaud by 28.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,536 shares of the technology company’s stock valued at $121,000 after buying an additional 343 shares during the period. Finally, Strs Ohio increased its holdings in Blackbaud by 116.7% during the fourth quarter. Strs Ohio now owns 2,600 shares of the technology company’s stock worth $205,000 after buying an additional 1,400 shares during the last quarter. 95.57% of the stock is owned by hedge funds and other institutional investors.

Blackbaud Stock Up 0.2 %

BLKB opened at $61.44 on Tuesday. Blackbaud, Inc. has a twelve month low of $48.52 and a twelve month high of $86.96. The company’s 50-day moving average price is $58.99 and its two-hundred day moving average price is $60.34. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of -767.90, a PEG ratio of 13.74 and a beta of 0.99. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.37.

Blackbaud (NASDAQ:BLKBGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The technology company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Blackbaud had a positive return on equity of 8.94% and a negative net margin of 0.47%. The company had revenue of $257.12 million during the quarter, compared to the consensus estimate of $253.10 million. During the same period last year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities analysts expect that Blackbaud, Inc. will post 0.78 earnings per share for the current year.

Insider Buying and Selling at Blackbaud

In other news, SVP Jon W. Olson sold 7,000 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $53.03, for a total transaction of $371,210.00. Following the completion of the transaction, the senior vice president now owns 48,902 shares in the company, valued at approximately $2,593,273.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Blackbaud news, Director Andrew M. Leitch sold 5,000 shares of the business’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $62.93, for a total transaction of $314,650.00. Following the sale, the director now owns 26,132 shares of the company’s stock, valued at approximately $1,644,486.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jon W. Olson sold 7,000 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $53.03, for a total value of $371,210.00. Following the sale, the senior vice president now owns 48,902 shares in the company, valued at approximately $2,593,273.06. The disclosure for this sale can be found here. Insiders have sold a total of 18,788 shares of company stock worth $1,123,686 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

Blackbaud Company Profile

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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.

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Institutional Ownership by Quarter for Blackbaud (NASDAQ:BLKB)

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