New York State Common Retirement Fund Purchases 9,291 Shares of Blackbaud, Inc. (NASDAQ:BLKB)

New York State Common Retirement Fund lifted its position in shares of Blackbaud, Inc. (NASDAQ:BLKBGet Rating) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 239,941 shares of the technology company’s stock after purchasing an additional 9,291 shares during the period. New York State Common Retirement Fund owned 0.45% of Blackbaud worth $14,365,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BLKB. Geneva Capital Management LLC raised its position in Blackbaud by 25.4% in the fourth quarter. Geneva Capital Management LLC now owns 688,751 shares of the technology company’s stock worth $54,398,000 after acquiring an additional 139,372 shares during the period. American Capital Management Inc. raised its position in Blackbaud by 42.9% in the fourth quarter. American Capital Management Inc. now owns 598,182 shares of the technology company’s stock worth $47,244,000 after acquiring an additional 179,513 shares during the period. Palisade Capital Management LLC NJ raised its position in Blackbaud by 1.0% in the fourth quarter. Palisade Capital Management LLC NJ now owns 409,938 shares of the technology company’s stock worth $32,377,000 after acquiring an additional 3,946 shares during the period. Becker Capital Management Inc. raised its position in Blackbaud by 35.8% in the fourth quarter. Becker Capital Management Inc. now owns 338,575 shares of the technology company’s stock worth $26,741,000 after acquiring an additional 89,340 shares during the period. Finally, Trillium Asset Management LLC raised its position in Blackbaud by 7.4% in the fourth quarter. Trillium Asset Management LLC now owns 285,135 shares of the technology company’s stock worth $22,520,000 after acquiring an additional 19,590 shares during the period. 95.57% of the stock is owned by institutional investors.

Insider Transactions at Blackbaud

In other news, EVP Kevin W. Mooney sold 3,394 shares of Blackbaud stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $65.00, for a total value of $220,610.00. Following the completion of the transaction, the executive vice president now owns 85,777 shares in the company, valued at $5,575,505. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Andrew M. Leitch sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 26,132 shares of the company’s stock, valued at $1,644,486.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kevin W. Mooney sold 3,394 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $65.00, for a total transaction of $220,610.00. Following the transaction, the executive vice president now directly owns 85,777 shares of the company’s stock, valued at approximately $5,575,505. The disclosure for this sale can be found here. Insiders sold 18,788 shares of company stock worth $1,123,686 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

Blackbaud Stock Performance

Shares of BLKB stock opened at $56.03 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.28. Blackbaud, Inc. has a 52 week low of $48.52 and a 52 week high of $86.96. The firm’s 50-day simple moving average is $58.62 and its two-hundred day simple moving average is $60.04.

Blackbaud (NASDAQ:BLKBGet Rating) last posted its earnings results on Tuesday, August 2nd. The technology company reported $0.75 earnings per share for the quarter, topping 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 period in the prior year, the business earned $0.32 earnings per share. On average, equities research analysts forecast that Blackbaud, Inc. will post 0.78 earnings per share for the current year.

Blackbaud Profile

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding BLKB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackbaud, Inc. (NASDAQ:BLKBGet Rating).

Institutional Ownership by Quarter for Blackbaud (NASDAQ:BLKB)

Receive News & Ratings for Blackbaud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackbaud and related companies with MarketBeat.com's FREE daily email newsletter.