Brian Boruff Sells 800 Shares of Blackbaud, Inc. (BLKB) Stock
Blackbaud, Inc. (NASDAQ:BLKB) EVP Brian Boruff sold 800 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $103.95, for a total value of $83,160.00. Following the completion of the transaction, the executive vice president now owns 50,862 shares in the company, valued at approximately $5,287,104.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Blackbaud, Inc. (NASDAQ:BLKB) traded up $0.69 during midday trading on Friday, hitting $103.12. The stock had a trading volume of 49,082 shares, compared to its average volume of 311,749. Blackbaud, Inc. has a fifty-two week low of $59.54 and a fifty-two week high of $104.55. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $4,925.82, a price-to-earnings ratio of 60.97, a PEG ratio of 6.35 and a beta of 0.86.
Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.51 by $0.05. Blackbaud had a return on equity of 18.68% and a net margin of 6.42%. The business had revenue of $195.51 million for the quarter, compared to analyst estimates of $196.35 million. During the same quarter in the previous year, the firm earned $0.45 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. equities research analysts expect that Blackbaud, Inc. will post 1.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 0.47%. Blackbaud’s dividend payout ratio is presently 44.04%.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Blackbaud from a “hold” rating to a “strong sell” rating in a report on Monday, August 7th. Citigroup Inc. assumed coverage on Blackbaud in a report on Friday, September 22nd. They set a “buy” rating and a $100.00 price target on the stock. B. Riley set a $82.00 price target on Blackbaud and gave the stock a “hold” rating in a report on Thursday, October 26th. Robert W. Baird set a $85.00 price target on Blackbaud and gave the stock a “hold” rating in a report on Sunday, October 1st. Finally, Dougherty & Co assumed coverage on Blackbaud in a report on Tuesday, October 31st. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Blackbaud has an average rating of “Buy” and a consensus target price of $94.75.
Several large investors have recently modified their holdings of the stock. Colony Group LLC acquired a new stake in shares of Blackbaud during the 3rd quarter worth about $2,504,000. California Public Employees Retirement System increased its position in shares of Blackbaud by 6.4% during the 3rd quarter. California Public Employees Retirement System now owns 72,366 shares of the technology company’s stock worth $6,354,000 after purchasing an additional 4,366 shares during the last quarter. Jane Street Group LLC increased its position in shares of Blackbaud by 80.7% during the 3rd quarter. Jane Street Group LLC now owns 6,081 shares of the technology company’s stock worth $534,000 after purchasing an additional 2,715 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Blackbaud by 10.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 73,132 shares of the technology company’s stock worth $6,421,000 after purchasing an additional 7,156 shares during the last quarter. Finally, Jackson Square Partners LLC increased its position in shares of Blackbaud by 3.7% during the 3rd quarter. Jackson Square Partners LLC now owns 1,162,056 shares of the technology company’s stock worth $102,028,000 after purchasing an additional 41,858 shares during the last quarter.
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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