Wall Street analysts predict that Blackbaud, Inc. (NASDAQ:BLKB) will announce $203.52 million in sales for the current quarter, Zacks reports. Six analysts have made estimates for Blackbaud’s earnings. The highest sales estimate is $207.00 million and the lowest is $199.43 million. Blackbaud reported sales of $183.62 million in the same quarter last year, which indicates a positive year over year growth rate of 10.8%. The business is scheduled to issue its next quarterly earnings report on Monday, May 7th.

According to Zacks, analysts expect that Blackbaud will report full year sales of $203.52 million for the current financial year, with estimates ranging from $861.96 million to $882.28 million. For the next year, analysts expect that the business will report sales of $952.63 million per share, with estimates ranging from $936.01 million to $967.73 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Blackbaud.

A number of equities analysts have issued reports on BLKB shares. BidaskClub cut shares of Blackbaud from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. DA Davidson started coverage on shares of Blackbaud in a research note on Friday, February 2nd. They issued a “neutral” rating and a $95.00 price objective on the stock. Zacks Investment Research raised shares of Blackbaud from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Thursday. B. Riley set a $82.00 price objective on shares of Blackbaud and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, Robert W. Baird raised their price objective on shares of Blackbaud from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $93.44.

Blackbaud (NASDAQ:BLKB) opened at $99.34 on Thursday. Blackbaud has a 52 week low of $61.98 and a 52 week high of $104.55. The stock has a market cap of $4,412.22, a P/E ratio of 55.27, a price-to-earnings-growth ratio of 5.28 and a beta of 0.75. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.19.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.48%. Blackbaud’s dividend payout ratio is 35.04%.

In other news, EVP Kevin W. Mooney sold 4,466 shares of Blackbaud stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $101.00, for a total transaction of $451,066.00. Following the transaction, the executive vice president now directly owns 71,655 shares of the company’s stock, valued at $7,237,155. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Brian Boruff sold 800 shares of Blackbaud stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $103.95, for a total transaction of $83,160.00. Following the transaction, the executive vice president now directly owns 50,862 shares in the company, valued at $5,287,104.90. The disclosure for this sale can be found here. Company insiders own 2.19% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BLKB. State Street Corp boosted its position in shares of Blackbaud by 37.0% during the second quarter. State Street Corp now owns 1,587,812 shares of the technology company’s stock worth $136,159,000 after purchasing an additional 428,948 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Blackbaud during the second quarter worth $375,000. FMR LLC boosted its position in shares of Blackbaud by 142.0% during the second quarter. FMR LLC now owns 345,736 shares of the technology company’s stock worth $29,647,000 after purchasing an additional 202,843 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Blackbaud during the second quarter worth $12,284,000. Finally, Conestoga Capital Advisors LLC boosted its position in shares of Blackbaud by 11.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 730,244 shares of the technology company’s stock worth $69,001,000 after purchasing an additional 72,430 shares in the last quarter.

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About Blackbaud

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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