Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Blackbaud, Inc. $BLKB

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Blackbaud, Inc. (NASDAQ:BLKB) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 36,632 shares of the technology company’s stock, valued at approximately $2,356,000.

Several other institutional investors also recently bought and sold shares of BLKB. Geneva Capital Management LLC increased its stake in Blackbaud by 6.6% in the 2nd quarter. Geneva Capital Management LLC now owns 1,221,745 shares of the technology company’s stock worth $78,448,000 after purchasing an additional 75,675 shares during the period. Greenhouse Funds LLLP grew its holdings in shares of Blackbaud by 40.4% in the second quarter. Greenhouse Funds LLLP now owns 706,447 shares of the technology company’s stock worth $45,361,000 after purchasing an additional 203,350 shares during the last quarter. Tributary Capital Management LLC grew its holdings in shares of Blackbaud by 89.7% in the third quarter. Tributary Capital Management LLC now owns 503,742 shares of the technology company’s stock worth $32,396,000 after purchasing an additional 238,251 shares during the last quarter. P2 Capital Partners LLC increased its stake in shares of Blackbaud by 10.0% in the second quarter. P2 Capital Partners LLC now owns 490,754 shares of the technology company’s stock worth $31,511,000 after buying an additional 44,495 shares during the period. Finally, Norges Bank bought a new stake in Blackbaud during the 2nd quarter valued at $31,503,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Rupal S. Hollenbeck sold 1,600 shares of Blackbaud stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $56.49, for a total transaction of $90,384.00. Following the sale, the director directly owned 6,366 shares in the company, valued at $359,615.34. The trade was a 20.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael P. Gianoni sold 5,000 shares of Blackbaud stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $57.68, for a total value of $288,400.00. Following the sale, the chief executive officer owned 372,985 shares in the company, valued at $21,513,774.80. This represents a 1.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 11,600 shares of company stock valued at $690,834. 1.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BLKB has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Blackbaud in a report on Wednesday, January 21st. Stifel Nicolaus set a $70.00 target price on Blackbaud in a research note on Wednesday, October 29th. Zacks Research lowered Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Blackbaud from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Blackbaud currently has a consensus rating of “Reduce” and a consensus price target of $73.00.

Blackbaud Price Performance

Shares of NASDAQ BLKB opened at $53.31 on Friday. Blackbaud, Inc. has a 1 year low of $52.21 and a 1 year high of $81.39. The stock has a market capitalization of $2.55 billion, a P/E ratio of -10.25, a P/E/G ratio of 2.02 and a beta of 1.07. The company’s 50-day moving average is $60.00 and its 200 day moving average is $62.75. The company has a debt-to-equity ratio of 9.63, a current ratio of 0.69 and a quick ratio of 0.69.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.03. Blackbaud had a positive return on equity of 137.13% and a negative net margin of 22.57%.The business had revenue of $281.14 million for the quarter, compared to analysts’ expectations of $279.21 million. During the same period in the previous year, the firm posted $0.99 EPS. The business’s revenue was down 2.0% on a year-over-year basis. On average, sell-side analysts expect that Blackbaud, Inc. will post 3.05 earnings per share for the current year.

Blackbaud Company 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.