Blackbaud, Inc. (NASDAQ:BLKB) CFO Anthony W. Boor Sells 6,900 Shares

Blackbaud, Inc. (NASDAQ:BLKB) CFO Anthony W. Boor sold 6,900 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $79.01, for a total transaction of $545,169.00. Following the sale, the chief financial officer now owns 151,368 shares of the company’s stock, valued at approximately $11,959,585.68. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Blackbaud Price Performance

Shares of NASDAQ:BLKB opened at $79.13 on Tuesday. The company’s 50-day moving average is $72.75 and its 200 day moving average is $75.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $4.23 billion, a P/E ratio of 2,637.67, a price-to-earnings-growth ratio of 3.33 and a beta of 1.04. Blackbaud, Inc. has a fifty-two week low of $64.32 and a fifty-two week high of $88.56.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. The company had revenue of $295.01 million for the quarter, compared to the consensus estimate of $299.04 million. Blackbaud had a net margin of 0.16% and a return on equity of 14.59%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. On average, equities research analysts forecast that Blackbaud, Inc. will post 2.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BLKB shares. StockNews.com upgraded shares of Blackbaud from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Robert W. Baird decreased their price target on shares of Blackbaud from $95.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th.

Hedge Funds Weigh In On Blackbaud

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Operose Advisors LLC purchased a new position in shares of Blackbaud in the 3rd quarter worth about $25,000. Russell Investments Group Ltd. purchased a new stake in Blackbaud during the first quarter valued at about $35,000. FSC Wealth Advisors LLC purchased a new stake in Blackbaud during the third quarter valued at about $40,000. GAMMA Investing LLC purchased a new stake in Blackbaud during the fourth quarter valued at about $64,000. Finally, Parallel Advisors LLC lifted its holdings in Blackbaud by 303.3% during the fourth quarter. Parallel Advisors LLC now owns 734 shares of the technology company’s stock valued at $64,000 after purchasing an additional 552 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.