Blackbaud, Inc. $BLKB Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in Blackbaud, Inc. (NASDAQ:BLKB) by 143,409.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,207,179 shares of the technology company’s stock after purchasing an additional 2,205,641 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Blackbaud were worth $139,759,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in shares of Blackbaud during the 4th quarter valued at about $119,000. Swiss Life Asset Management Ltd acquired a new position in shares of Blackbaud during the 4th quarter valued at about $283,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Blackbaud by 19.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,390 shares of the technology company’s stock valued at $202,000 after acquiring an additional 550 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in shares of Blackbaud by 16.7% during the 4th quarter. Van Berkom & Associates Inc. now owns 779,935 shares of the technology company’s stock valued at $49,385,000 after acquiring an additional 111,388 shares during the last quarter. Finally, R Squared Ltd increased its stake in shares of Blackbaud by 25.9% during the 4th quarter. R Squared Ltd now owns 5,909 shares of the technology company’s stock valued at $374,000 after acquiring an additional 1,217 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BLKB shares. Weiss Ratings raised shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Robert W. Baird raised shares of Blackbaud from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $60.00 to $50.00 in a research note on Thursday, April 30th. Raymond James Financial set a $60.00 price objective on shares of Blackbaud in a research note on Tuesday, February 10th. Evercore set a $55.00 price objective on shares of Blackbaud in a research note on Wednesday, February 11th. Finally, Stifel Nicolaus dropped their price objective on shares of Blackbaud from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Blackbaud has a consensus rating of “Hold” and a consensus target price of $52.50.

Insider Buying and Selling

In related news, EVP Kevin P. Gregoire sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total transaction of $100,040.00. Following the completion of the sale, the executive vice president owned 135,194 shares of the company’s stock, valued at approximately $6,762,403.88. This represents a 1.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kevin Mcdearis sold 15,462 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $46.43, for a total transaction of $717,900.66. Following the sale, the executive vice president directly owned 91,756 shares of the company’s stock, valued at approximately $4,260,231.08. This trade represents a 14.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 39,801 shares of company stock valued at $1,893,874. 1.97% of the stock is currently owned by corporate insiders.

Blackbaud Stock Down 1.2%

BLKB opened at $30.85 on Friday. The firm has a 50 day moving average price of $39.12 and a 200 day moving average price of $50.92. The company has a market cap of $1.42 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 1.10 and a beta of 1.09. Blackbaud, Inc. has a 1 year low of $30.69 and a 1 year high of $74.88. The company has a debt-to-equity ratio of 33.66, a quick ratio of 0.74 and a current ratio of 0.74.

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

About Blackbaud

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.