Wall Street brokerages forecast that Blackbaud, Inc. (NASDAQ:BLKB) will post $0.67 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Blackbaud’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.69. Blackbaud reported earnings per share of $0.56 in the same quarter last year, which indicates a positive year-over-year growth rate of 19.6%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that Blackbaud will report full year earnings of $2.76 per share for the current year, with EPS estimates ranging from $2.75 to $2.78. For the next financial year, analysts anticipate that the business will post earnings of $3.15 per share, with EPS estimates ranging from $3.00 to $3.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Blackbaud.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Monday, July 30th. The technology company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.02. Blackbaud had a net margin of 8.14% and a return on equity of 27.70%. The company had revenue of $214.60 million for the quarter, compared to analysts’ expectations of $214.80 million. During the same period last year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis.

Several brokerages have recently commented on BLKB. KeyCorp began coverage on shares of Blackbaud in a report on Monday, July 23rd. They set a “sector weight” rating on the stock. BidaskClub raised shares of Blackbaud from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 21st. Needham & Company LLC began coverage on shares of Blackbaud in a report on Wednesday, July 18th. They set a “hold” rating on the stock. William Blair cut shares of Blackbaud from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 31st. Finally, B. Riley raised their target price on shares of Blackbaud from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $104.57.

Shares of BLKB traded up $0.25 during mid-day trading on Tuesday, hitting $97.69. 169,475 shares of the company’s stock were exchanged, compared to its average volume of 292,430. Blackbaud has a 52 week low of $81.64 and a 52 week high of $120.35. The stock has a market capitalization of $4.65 billion, a PE ratio of 61.44, a P/E/G ratio of 4.32 and a beta of 0.59. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.35.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Tuesday, August 28th will be paid a $0.12 dividend. The ex-dividend date is Monday, August 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.49%. Blackbaud’s dividend payout ratio (DPR) is 30.19%.

In related news, Director George H. Ellis sold 2,652 shares of Blackbaud stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $96.16, for a total value of $255,016.32. Following the transaction, the director now directly owns 7,730 shares of the company’s stock, valued at $743,316.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew M. Leitch sold 3,000 shares of Blackbaud stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $95.72, for a total transaction of $287,160.00. Following the completion of the transaction, the director now directly owns 24,457 shares in the company, valued at $2,341,024.04. The disclosure for this sale can be found here. Insiders sold 18,321 shares of company stock worth $1,874,421 over the last three months. 1.55% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in BLKB. Renaissance Technologies LLC bought a new position in Blackbaud in the fourth quarter valued at approximately $4,431,000. Two Sigma Advisers LP bought a new position in Blackbaud in the fourth quarter valued at approximately $217,000. Millennium Management LLC bought a new position in Blackbaud in the fourth quarter valued at approximately $1,156,000. LPL Financial LLC bought a new position in Blackbaud in the fourth quarter valued at approximately $244,000. Finally, Wells Fargo & Company MN increased its stake in Blackbaud by 8.2% in the first quarter. Wells Fargo & Company MN now owns 73,260 shares of the technology company’s stock valued at $7,458,000 after acquiring an additional 5,578 shares during the last quarter.

About Blackbaud

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, corporations, education institutions, healthcare organizations, and other charitable giving entities primarily in the United States, Canada, the United Kingdom, and Australia. The company offers Raiser's Edge NXT and Blackbaud CRM (constituent relationship management), which are fundraising and relationship management solutions; Luminate CRM for campaign management, constituent relations, business intelligence, and analytics; eTapestry, a cloud fundraising and donor management solution; everydayhero, a cloud crowdfundraising solution; and JustGiving, a social platform for giving.

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