Lazard Asset Management LLC grew its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKB – Get Rating) by 51.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,680 shares of the technology company’s stock after purchasing an additional 572 shares during the period. Lazard Asset Management LLC’s holdings in Blackbaud were worth $97,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in Blackbaud during the 2nd quarter worth approximately $43,000. UMB Bank n.a. increased its position in Blackbaud by 51.0% during the 2nd quarter. UMB Bank n.a. now owns 811 shares of the technology company’s stock worth $47,000 after purchasing an additional 274 shares during the period. Captrust Financial Advisors increased its position in Blackbaud by 20.1% during the 1st quarter. Captrust Financial Advisors now owns 2,232 shares of the technology company’s stock worth $134,000 after purchasing an additional 374 shares during the period. Point72 Hong Kong Ltd increased its position in Blackbaud by 400.8% during the 1st quarter. Point72 Hong Kong Ltd now owns 3,000 shares of the technology company’s stock worth $180,000 after purchasing an additional 2,401 shares during the period. Finally, Keebeck Alpha LP acquired a new position in Blackbaud during the 1st quarter worth approximately $204,000. Institutional investors and hedge funds own 98.64% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Blackbaud in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.
Blackbaud Stock Performance
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.
- Get a free copy of the StockNews.com research report on Blackbaud (BLKB)
- After Nixing its 13% Dividend, Is Lumen Technologies Okay To Own?
- Cisco Systems Hopes Restructuring Cuts Costs to Drive Revenue
- The Sell-Side Caps Gains In Dick’s Sporting Goods
- Stock-ing Stuffers: 3 Attractive Stocks Trading Around $10
- Want to Get a 10% Dividend Yield, Look Here
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.