Blackbaud (BLKB) Earning Somewhat Favorable Media Coverage, Report Finds
Press coverage about Blackbaud (NASDAQ:BLKB) has trended somewhat positive on Monday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blackbaud earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.2129867307179 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Blackbaud (BLKB) traded up $1.32 during mid-day trading on Monday, hitting $95.81. 199,837 shares of the stock were exchanged, compared to its average volume of 194,480. Blackbaud has a twelve month low of $61.98 and a twelve month high of $104.55. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $4,610.00, a P/E ratio of 87.10, a P/E/G ratio of 5.07 and a beta of 0.82.
Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. Blackbaud had a net margin of 6.82% and a return on equity of 31.25%. The business had revenue of $195.51 million during the quarter, compared to the consensus estimate of $196.35 million. During the same quarter last year, the company earned $0.45 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. research analysts forecast that Blackbaud will post 1.57 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, November 27th. Blackbaud’s payout ratio is currently 43.64%.
A number of analysts have recently issued reports on BLKB shares. B. Riley set a $82.00 price objective on shares of Blackbaud and gave the company a “hold” rating in a research note on Thursday, October 26th. Dougherty & Co started coverage on shares of Blackbaud in a research note on Tuesday, October 31st. They set a “neutral” rating on the stock. Robert W. Baird set a $85.00 price objective on shares of Blackbaud and gave the company a “hold” rating in a research note on Sunday, October 1st. Citigroup assumed coverage on shares of Blackbaud in a research report on Friday, September 22nd. They set a “buy” rating and a $100.00 price target for the company. Finally, BidaskClub downgraded shares of Blackbaud from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $94.75.
In other Blackbaud news, EVP Kevin W. Mooney sold 4,466 shares of Blackbaud stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $101.00, for a total value of $451,066.00. Following the completion of the transaction, the executive vice president now owns 71,655 shares of the company’s stock, valued at $7,237,155. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kevin W. Mooney sold 900 shares of Blackbaud stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $101.17, for a total transaction of $91,053.00. Following the completion of the transaction, the executive vice president now directly owns 77,711 shares of the company’s stock, valued at approximately $7,862,021.87. The disclosure for this sale can be found here. Insiders have sold 9,655 shares of company stock valued at $972,923 in the last three months. Corporate insiders own 2.19% of the company’s stock.
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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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