Fifth Third Bancorp Buys 25,817 Shares of Blackbaud, Inc. $BLKB

Fifth Third Bancorp grew its stake in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 10,164.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 26,071 shares of the technology company’s stock after buying an additional 25,817 shares during the period. Fifth Third Bancorp owned approximately 0.06% of Blackbaud worth $1,007,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its stake in Blackbaud by 44.3% during the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock valued at $33,000 after acquiring an additional 266 shares during the period. Rothschild Investment LLC raised its holdings in Blackbaud by 589.0% in the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock valued at $36,000 after acquiring an additional 483 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Blackbaud by 4,300.0% in the 4th quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock worth $39,000 after acquiring an additional 602 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Blackbaud by 380.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock worth $39,000 after acquiring an additional 487 shares during the period. Finally, Quarry LP acquired a new stake in shares of Blackbaud during the 3rd quarter worth approximately $46,000. Institutional investors own 94.21% of the company’s stock.

Blackbaud Stock Performance

NASDAQ:BLKB opened at $32.71 on Friday. The firm has a market capitalization of $1.50 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.16 and a beta of 1.01. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 33.66. Blackbaud, Inc. has a 12-month low of $25.58 and a 12-month high of $74.88. The firm has a 50-day moving average price of $29.55 and a 200 day moving average price of $39.88.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Blackbaud had a return on equity of 176.76% and a net margin of 12.41%.The company had revenue of $281.14 million for the quarter, compared to the consensus estimate of $279.81 million. During the same period in the previous year, the business earned $0.96 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Research analysts anticipate that Blackbaud, Inc. will post 3.57 earnings per share for the current fiscal year.

Insider Activity at Blackbaud

In related news, CFO Chad Anderson sold 6,205 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the completion of the transaction, the chief financial officer owned 62,869 shares in the company, valued at $1,968,428.39. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BLKB. Weiss Ratings cut Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Zacks Research cut Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Stifel Nicolaus decreased their price target on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. Finally, Robert W. Baird upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $60.00 to $50.00 in a research note on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $48.75.

Blackbaud Company Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.