Blackbaud, Inc. (NASDAQ:BLKB) COO Sells $395,000.00 in Stock

Blackbaud, Inc. (NASDAQ:BLKB) COO Kevin P. Gregoire sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $79.00, for a total transaction of $395,000.00. Following the sale, the chief operating officer now directly owns 128,641 shares of the company’s stock, valued at $10,162,639. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Blackbaud Trading Up 3.1 %

NASDAQ BLKB opened at $79.13 on Tuesday. Blackbaud, Inc. has a 12 month low of $64.32 and a 12 month high of $88.56. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 2,637.67, a price-to-earnings-growth ratio of 3.33 and a beta of 1.04. The company’s fifty day moving average price is $72.75 and its two-hundred day moving average price is $75.95.

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

Analyst Ratings Changes

A number of research firms recently weighed in on BLKB. StockNews.com raised shares of Blackbaud from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Robert W. Baird reduced their price objective on shares of Blackbaud from $95.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Blackbaud by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,574,584 shares of the technology company’s stock worth $483,316,000 after buying an additional 23,727 shares during the last quarter. Greenwood Capital Associates LLC lifted its position in shares of Blackbaud by 26.6% in the 4th quarter. Greenwood Capital Associates LLC now owns 7,519 shares of the technology company’s stock worth $652,000 after buying an additional 1,581 shares during the last quarter. Wellington Management Group LLP lifted its position in Blackbaud by 20.4% in the 4th quarter. Wellington Management Group LLP now owns 456,432 shares of the technology company’s stock valued at $39,573,000 after purchasing an additional 77,348 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Blackbaud by 13.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 140,078 shares of the technology company’s stock valued at $12,145,000 after purchasing an additional 16,473 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Blackbaud by 11.5% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 40,317 shares of the technology company’s stock valued at $3,495,000 after purchasing an additional 4,156 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

About Blackbaud

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.