Triodos Investment Management BV Purchases 7,500 Shares of Blackbaud, Inc. $BLKB

Triodos Investment Management BV increased its stake in Blackbaud, Inc. (NASDAQ:BLKB) by 17.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the technology company’s stock after buying an additional 7,500 shares during the quarter. Triodos Investment Management BV owned about 0.10% of Blackbaud worth $3,210,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Blackbaud by 63.2% in the first quarter. UMB Bank n.a. now owns 692 shares of the technology company’s stock worth $43,000 after buying an additional 268 shares during the last quarter. Parallel Advisors LLC bought a new stake in Blackbaud in the second quarter worth $44,000. Farther Finance Advisors LLC lifted its position in Blackbaud by 2,168.3% in the second quarter. Farther Finance Advisors LLC now owns 1,361 shares of the technology company’s stock worth $87,000 after buying an additional 1,301 shares during the last quarter. KBC Group NV lifted its position in Blackbaud by 31.8% in the first quarter. KBC Group NV now owns 2,209 shares of the technology company’s stock worth $137,000 after buying an additional 533 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Blackbaud by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,300 shares of the technology company’s stock worth $143,000 after buying an additional 231 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Blackbaud Stock Performance

BLKB stock opened at $62.65 on Friday. The business has a 50-day moving average price of $65.33 and a 200 day moving average price of $63.85. Blackbaud, Inc. has a 1-year low of $58.05 and a 1-year high of $88.95. The company has a debt-to-equity ratio of 12.92, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $3.04 billion, a P/E ratio of -10.84, a PEG ratio of 4.40 and a beta of 1.11.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Monday, March 4th. The technology company reported $0.68 earnings per share (EPS) for the quarter. Blackbaud had a positive return on equity of 61.72% and a negative net margin of 24.82%.The company had revenue of $274.76 million for the quarter. As a group, equities research analysts forecast that Blackbaud, Inc. will post 3.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on BLKB. Stifel Nicolaus lowered their price target on Blackbaud from $75.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday. Wall Street Zen upgraded Blackbaud from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Blackbaud in a research report on Wednesday. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Blackbaud has a consensus rating of “Reduce” and a consensus price target of $70.50.

Insider Activity

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

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.