Tudor Investment Corp ET AL Makes New $10.59 Million Investment in Blackbaud, Inc. $BLKB

Tudor Investment Corp ET AL acquired a new stake in shares of Blackbaud, Inc. (NASDAQ:BLKB) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 164,616 shares of the technology company’s stock, valued at approximately $10,586,000. Tudor Investment Corp ET AL owned 0.34% of Blackbaud at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Blackbaud by 1.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,434 shares of the technology company’s stock worth $1,454,000 after purchasing an additional 361 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Blackbaud by 293.1% in the first quarter. Jones Financial Companies Lllp now owns 7,701 shares of the technology company’s stock valued at $478,000 after purchasing an additional 5,742 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Blackbaud by 26.2% in the first quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company’s stock valued at $14,225,000 after purchasing an additional 47,549 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Blackbaud by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,751 shares of the technology company’s stock worth $6,314,000 after purchasing an additional 4,178 shares during the period. Finally, Jane Street Group LLC grew its position in Blackbaud by 886.2% during the 1st quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock worth $9,911,000 after purchasing an additional 143,533 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Blackbaud Stock Performance

Shares of Blackbaud stock opened at $38.03 on Monday. The firm has a 50-day simple moving average of $46.51 and a two-hundred day simple moving average of $56.29. The company has a debt-to-equity ratio of 12.78, a quick ratio of 0.79 and a current ratio of 0.79. Blackbaud, Inc. has a fifty-two week low of $36.10 and a fifty-two week high of $74.88. The company has a market cap of $1.75 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.31 and a beta of 1.18.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Tuesday, February 10th. The technology company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Blackbaud had a return on equity of 175.57% and a net margin of 10.19%.The firm had revenue of $295.26 million for the quarter, compared to analysts’ expectations of $292.71 million. During the same period last year, the firm earned $1.08 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, equities analysts predict that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BLKB. Stifel Nicolaus set a $50.00 price objective on Blackbaud in a report on Tuesday, February 10th. Zacks Research raised Blackbaud from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Blackbaud in a report on Wednesday, January 21st. Evercore set a $55.00 price objective on Blackbaud in a research report on Wednesday, February 11th. Finally, Robert W. Baird set a $60.00 price objective on shares of Blackbaud in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Blackbaud presently has an average rating of “Hold” and a consensus target price of $56.25.

Insider Buying and Selling at Blackbaud

In other news, EVP Kevin P. Gregoire sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total transaction of $100,040.00. Following the transaction, the executive vice president owned 135,194 shares in the company, valued at $6,762,403.88. This trade represents a 1.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David J. Benjamin sold 14,349 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $47.47, for a total value of $681,147.03. Following the transaction, the executive vice president owned 73,124 shares in the company, valued at $3,471,196.28. This trade represents a 16.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 39,801 shares of company stock valued at $1,893,874. Company insiders own 1.97% of the company’s stock.

Blackbaud Profile

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.