Blackbaud (NASDAQ:BLKB) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut Blackbaud from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Stephens assumed coverage on Blackbaud in a report on Wednesday, January 16th. They set an “overweight” rating and a $86.00 target price for the company. Finally, DA Davidson reduced their target price on Blackbaud to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $87.38.

Shares of BLKB stock opened at $78.82 on Friday. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 7.35 and a beta of 1.31. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02. Blackbaud has a 12-month low of $58.23 and a 12-month high of $120.35.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Wednesday, February 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $221.79 million for the quarter, compared to the consensus estimate of $220.40 million. Blackbaud had a return on equity of 24.41% and a net margin of 5.28%. Blackbaud’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, research analysts predict that Blackbaud will post 1.27 EPS for the current year.

In other Blackbaud news, CFO Anthony W. Boor sold 9,606 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $77.82, for a total transaction of $747,538.92. Following the completion of the transaction, the chief financial officer now owns 92,016 shares of the company’s stock, valued at $7,160,685.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael P. Gianoni sold 30,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $76.35, for a total value of $2,290,500.00. Following the transaction, the insider now directly owns 276,614 shares of the company’s stock, valued at approximately $21,119,478.90. The disclosure for this sale can be found here. Insiders have sold 86,432 shares of company stock valued at $6,661,485 in the last three months. Insiders own 1.55% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in Blackbaud by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 550,590 shares of the technology company’s stock worth $34,631,000 after acquiring an additional 42,384 shares during the period. Norges Bank purchased a new position in Blackbaud in the fourth quarter worth approximately $46,789,000. Dimensional Fund Advisors LP grew its position in Blackbaud by 19.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 587,637 shares of the technology company’s stock worth $36,963,000 after acquiring an additional 93,621 shares during the period. FMR LLC grew its position in Blackbaud by 12,718.2% in the fourth quarter. FMR LLC now owns 163,048 shares of the technology company’s stock worth $10,255,000 after acquiring an additional 161,776 shares during the period. Finally, Nordea Investment Management AB grew its position in Blackbaud by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 46,735 shares of the technology company’s stock worth $2,940,000 after acquiring an additional 987 shares during the period.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, individual change agents, and other charitable giving entities. The company offers fundraising and relationship management solutions and services, including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud Luminate CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, everydayhero, Blackbaud Peer-to-Peer Fundraising, and Blackbaud Guided Fundraising; and marketing and engagement solutions, such as Blackbaud Luminate Online, Blackbaud Online Express, Blackbaud NetCommunity, Blackbaud Attentive.ly, and Blackbaud School Website System.

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Analyst Recommendations for Blackbaud (NASDAQ:BLKB)

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