Connor Clark & Lunn Investment Management Ltd. Buys Shares of 3,976 Blackbaud, Inc. (NASDAQ:BLKB)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Blackbaud, Inc. (NASDAQ:BLKBGet Rating) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,976 shares of the technology company’s stock, valued at approximately $231,000.

Several other hedge funds have also bought and sold shares of BLKB. First Horizon Advisors Inc. bought a new stake in Blackbaud during the second quarter valued at approximately $43,000. UMB Bank n.a. lifted its holdings in shares of Blackbaud by 51.0% in the 2nd quarter. UMB Bank n.a. now owns 811 shares of the technology company’s stock worth $47,000 after acquiring an additional 274 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Blackbaud by 20.1% in the 1st quarter. Captrust Financial Advisors now owns 2,232 shares of the technology company’s stock worth $134,000 after acquiring an additional 374 shares during the last quarter. Point72 Hong Kong Ltd lifted its holdings in shares of Blackbaud by 400.8% in the 1st quarter. Point72 Hong Kong Ltd now owns 3,000 shares of the technology company’s stock worth $180,000 after acquiring an additional 2,401 shares during the last quarter. Finally, Keebeck Alpha LP bought a new stake in shares of Blackbaud in the 1st quarter worth approximately $204,000. 98.64% of the stock is currently owned by institutional investors.

Blackbaud Trading Down 0.1 %

Shares of BLKB opened at $59.43 on Friday. The firm has a 50 day moving average price of $51.09 and a 200-day moving average price of $55.32. Blackbaud, Inc. has a fifty-two week low of $43.54 and a fifty-two week high of $85.18. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -95.85, a PEG ratio of 16.63 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Blackbaud in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

About Blackbaud

(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.

See Also

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Institutional Ownership by Quarter for Blackbaud (NASDAQ:BLKB)

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