Farther Finance Advisors LLC Has $87,000 Stock Position in Blackbaud, Inc. $BLKB

Farther Finance Advisors LLC boosted its stake in Blackbaud, Inc. (NASDAQ:BLKB) by 2,168.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,361 shares of the technology company’s stock after purchasing an additional 1,301 shares during the quarter. Farther Finance Advisors LLC’s holdings in Blackbaud were worth $87,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Two Sigma Investments LP raised its position in shares of Blackbaud by 20.3% in the 4th quarter. Two Sigma Investments LP now owns 3,076 shares of the technology company’s stock valued at $227,000 after buying an additional 518 shares in the last quarter. GAMMA Investing LLC increased its stake in Blackbaud by 5,447.8% in the first quarter. GAMMA Investing LLC now owns 35,617 shares of the technology company’s stock valued at $2,210,000 after acquiring an additional 34,975 shares during the last quarter. Procyon Advisors LLC raised its position in Blackbaud by 8.0% during the first quarter. Procyon Advisors LLC now owns 3,722 shares of the technology company’s stock valued at $231,000 after purchasing an additional 275 shares in the last quarter. UMB Bank n.a. raised its position in Blackbaud by 63.2% during the first quarter. UMB Bank n.a. now owns 692 shares of the technology company’s stock valued at $43,000 after purchasing an additional 268 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in Blackbaud during the first quarter worth $1,645,000. Institutional investors own 94.21% of the company’s stock.

Blackbaud Stock Performance

NASDAQ:BLKB opened at $63.04 on Friday. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of -10.91, a PEG ratio of 4.40 and a beta of 1.11. The business has a 50 day moving average of $65.65 and a 200 day moving average of $63.85. The company has a debt-to-equity ratio of 12.92, a current ratio of 0.84 and a quick ratio of 0.84. Blackbaud, Inc. has a 1-year low of $58.05 and a 1-year high of $88.95.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.16. The business had revenue of $281.38 million for the quarter, compared to analysts’ expectations of $276.48 million. Blackbaud had a negative net margin of 24.82% and a positive return on equity of 61.72%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the business earned $1.08 earnings per share. Blackbaud has set its FY 2025 guidance at 4.300-4.500 EPS. On average, sell-side analysts predict that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Rupal S. Hollenbeck sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $63.98, for a total transaction of $159,950.00. Following the transaction, the director directly owned 7,966 shares of the company’s stock, valued at approximately $509,664.68. This trade represents a 23.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin P. Gregoire sold 8,000 shares of the business’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $72.67, for a total value of $581,360.00. Following the completion of the sale, the executive vice president directly owned 111,156 shares of the company’s stock, valued at approximately $8,077,706.52. This trade represents a 6.71% decrease in their position. The disclosure for this sale can be found here. 1.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BLKB shares. Wall Street Zen raised Blackbaud from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Blackbaud in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $78.67.

Blackbaud 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.