Vanguard Group Inc. Has $340.55 Million Stock Holdings in Blackbaud, Inc. $BLKB

Vanguard Group Inc. lessened its holdings in Blackbaud, Inc. (NASDAQ:BLKB) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,378,155 shares of the technology company’s stock after selling 138,277 shares during the period. Vanguard Group Inc. owned about 0.11% of Blackbaud worth $340,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BLKB. Quarry LP acquired a new stake in shares of Blackbaud in the third quarter worth $46,000. Versant Capital Management Inc boosted its position in shares of Blackbaud by 68.3% in the third quarter. Versant Capital Management Inc now owns 786 shares of the technology company’s stock worth $51,000 after buying an additional 319 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Blackbaud during the 3rd quarter valued at $61,000. iSAM Funds UK Ltd acquired a new position in shares of Blackbaud in the third quarter worth $67,000. Finally, GAMMA Investing LLC increased its stake in shares of Blackbaud by 64.7% in the fourth quarter. GAMMA Investing LLC now owns 1,280 shares of the technology company’s stock worth $81,000 after acquiring an additional 503 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

BLKB has been the topic of a number of research reports. Raymond James Financial set a $60.00 price target on shares of Blackbaud in a research note on Tuesday, February 10th. Zacks Research downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings raised shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. Evercore set a $55.00 price target on shares of Blackbaud in a research note on Wednesday, February 11th. Finally, Robert W. Baird raised shares of Blackbaud from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from $60.00 to $50.00 in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.50.

Insider Buying and Selling

In related news, EVP Kevin P. Gregoire sold 2,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total value of $100,040.00. Following the completion of the sale, the executive vice president directly owned 135,194 shares in the company, valued at approximately $6,762,403.88. This represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kevin Mcdearis sold 15,462 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $46.43, for a total transaction of $717,900.66. Following the completion of the sale, the executive vice president owned 91,756 shares of the company’s stock, valued at $4,260,231.08. This represents a 14.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 39,801 shares of company stock worth $1,893,874. Corporate insiders own 1.97% of the company’s stock.

Blackbaud Trading Up 7.0%

NASDAQ BLKB opened at $37.81 on Friday. The company has a market capitalization of $1.74 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 1.26 and a beta of 1.09. Blackbaud, Inc. has a 1-year low of $33.95 and a 1-year high of $74.88. The firm’s fifty day simple moving average is $41.06 and its 200-day simple moving average is $52.17. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 33.66.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The firm had revenue of $281.14 million during the quarter, compared to analysts’ expectations of $279.81 million. Blackbaud had a net margin of 12.41% and a return on equity of 176.76%. Blackbaud’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, sell-side analysts anticipate that Blackbaud, Inc. will post 3.57 earnings per share for the current fiscal 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.