American Century Companies Inc. Sells 730,822 Shares of BlackLine $BL

American Century Companies Inc. lessened its holdings in shares of BlackLine (NASDAQ:BL) by 36.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,286,185 shares of the technology company’s stock after selling 730,822 shares during the period. American Century Companies Inc. owned 2.16% of BlackLine worth $68,297,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Atlantic Union Bankshares Corp purchased a new position in BlackLine during the 2nd quarter valued at about $27,000. Versant Capital Management Inc increased its stake in shares of BlackLine by 110.4% during the third quarter. Versant Capital Management Inc now owns 667 shares of the technology company’s stock valued at $35,000 after purchasing an additional 350 shares in the last quarter. MAI Capital Management lifted its holdings in shares of BlackLine by 10,000.0% during the third quarter. MAI Capital Management now owns 707 shares of the technology company’s stock valued at $38,000 after purchasing an additional 700 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of BlackLine in the 3rd quarter worth approximately $38,000. Finally, Bessemer Group Inc. boosted its position in shares of BlackLine by 22.9% in the 3rd quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock worth $53,000 after purchasing an additional 184 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors.

BlackLine Price Performance

Shares of NASDAQ:BL opened at $37.04 on Thursday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 92.60, a price-to-earnings-growth ratio of 2.65 and a beta of 0.90. The business has a 50-day simple moving average of $47.02 and a two-hundred day simple moving average of $51.91. BlackLine has a fifty-two week low of $31.75 and a fifty-two week high of $59.57.

BlackLine (NASDAQ:BL) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. BlackLine had a net margin of 3.50% and a return on equity of 18.14%. The firm had revenue of $183.18 million for the quarter, compared to the consensus estimate of $182.98 million. During the same quarter last year, the firm posted $0.47 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. On average, analysts expect that BlackLine will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. DA Davidson reduced their price objective on BlackLine from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. BMO Capital Markets reduced their price target on BlackLine from $63.00 to $57.00 and set a “market perform” rating for the company in a report on Friday, November 7th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $70.00 price target on shares of BlackLine in a research report on Wednesday, February 11th. Robert W. Baird set a $50.00 price target on shares of BlackLine in a research note on Wednesday, February 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BlackLine in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.00.

BlackLine Profile

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.