Equities analysts expect Blackbaud, Inc. (NASDAQ:BLKB) to post $0.60 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Blackbaud’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.54. Blackbaud posted earnings per share of $0.46 during the same quarter last year, which indicates a positive year over year growth rate of 30.4%. The firm is expected to announce its next quarterly earnings report on Monday, May 7th.

According to Zacks, analysts expect that Blackbaud will report full year earnings of $2.81 per share for the current year, with EPS estimates ranging from $2.79 to $2.86. For the next fiscal year, analysts anticipate that the business will report earnings of $3.21 per share, with EPS estimates ranging from $3.06 to $3.37. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Blackbaud.

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Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. Blackbaud had a return on equity of 29.21% and a net margin of 8.36%. The firm had revenue of $216.98 million during the quarter, compared to analyst estimates of $217.29 million.

A number of brokerages recently issued reports on BLKB. DA Davidson set a $110.00 price target on Blackbaud and gave the stock a “hold” rating in a research note on Thursday. Evercore ISI lowered Blackbaud from an “in” rating to an “underperform” rating in a research note on Monday, March 12th. BidaskClub lowered Blackbaud from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research lowered Blackbaud from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, Stifel Nicolaus raised their price target on Blackbaud from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Blackbaud has an average rating of “Hold” and a consensus price target of $99.38.

In other Blackbaud news, SVP Jon W. Olson sold 6,089 shares of Blackbaud stock in a transaction on Friday, February 16th. The stock was sold at an average price of $100.00, for a total transaction of $608,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Anthony W. Boor sold 10,954 shares of Blackbaud stock in a transaction on Friday, February 9th. The shares were sold at an average price of $94.42, for a total value of $1,034,276.68. Following the sale, the chief financial officer now directly owns 125,224 shares of the company’s stock, valued at $11,823,650.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,612 shares of company stock valued at $9,344,203. 2.19% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BLKB. Contravisory Investment Management Inc. purchased a new position in shares of Blackbaud in the 4th quarter valued at $157,000. First Republic Investment Management Inc. purchased a new position in shares of Blackbaud in the 4th quarter valued at $204,000. Zeke Capital Advisors LLC purchased a new position in shares of Blackbaud in the 4th quarter valued at $213,000. Two Sigma Advisers LP purchased a new position in shares of Blackbaud in the 4th quarter valued at $217,000. Finally, LPL Financial LLC purchased a new position in shares of Blackbaud in the 4th quarter valued at $244,000.

Shares of Blackbaud (BLKB) traded down $0.71 during mid-day trading on Monday, hitting $108.20. The company had a trading volume of 369,989 shares, compared to its average volume of 267,059. Blackbaud has a 52-week low of $74.46 and a 52-week high of $116.07. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $5,236.18, a price-to-earnings ratio of 78.98, a P/E/G ratio of 5.51 and a beta of 0.66.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, February 27th. Blackbaud’s dividend payout ratio (DPR) is presently 35.04%.

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Blackbaud Company Profile

Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).

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