Van Berkom & Associates Inc. Has $49.39 Million Holdings in Blackbaud, Inc. $BLKB

Van Berkom & Associates Inc. lifted its holdings in Blackbaud, Inc. (NASDAQ:BLKB) by 16.7% during the 4th quarter, Holdings Channel reports. The fund owned 779,935 shares of the technology company’s stock after acquiring an additional 111,388 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Blackbaud were worth $49,385,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP acquired a new position in shares of Blackbaud in the 3rd quarter worth approximately $46,000. Versant Capital Management Inc grew its holdings in shares of Blackbaud by 68.3% during the third quarter. Versant Capital Management Inc now owns 786 shares of the technology company’s stock worth $51,000 after purchasing an additional 319 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Blackbaud during the third quarter worth $61,000. iSAM Funds UK Ltd bought a new stake in shares of Blackbaud during the third quarter worth $67,000. Finally, GAMMA Investing LLC grew its holdings in shares of Blackbaud by 64.7% during the fourth quarter. GAMMA Investing LLC now owns 1,280 shares of the technology company’s stock worth $81,000 after purchasing an additional 503 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLKB has been the topic of several research analyst reports. Weiss Ratings cut Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, April 21st. Stifel Nicolaus decreased their target price on Blackbaud from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Tuesday, April 28th. Raymond James Financial set a $60.00 target price on Blackbaud in a report on Tuesday, February 10th. Robert W. Baird upgraded Blackbaud from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $60.00 to $50.00 in a report on Thursday, April 30th. Finally, Evercore set a $55.00 target price on Blackbaud in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $52.50.

Blackbaud Price Performance

Shares of BLKB opened at $37.59 on Tuesday. 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, Inc. has a 1 year low of $33.95 and a 1 year high of $74.88. The stock has a market cap of $1.73 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 1.29 and a beta of 1.09. The stock’s 50-day moving average price is $41.71 and its two-hundred day moving average price is $52.72.

Blackbaud (NASDAQ:BLKB) last issued its earnings results 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. Blackbaud had a return on equity of 176.76% and a net margin of 12.41%.The firm had revenue of $281.14 million for the quarter, compared to analysts’ expectations of $279.81 million. During the same quarter last year, the business earned $0.96 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, equities analysts predict that Blackbaud, Inc. will post 3.68 earnings per share for the current year.

Insiders Place Their Bets

In other Blackbaud news, EVP Kevin Mcdearis sold 15,462 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $46.43, for a total transaction of $717,900.66. Following the transaction, the executive vice president owned 91,756 shares in the company, valued at approximately $4,260,231.08. This trade represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David J. Benjamin sold 14,349 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was 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 approximately $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 quarter, insiders have sold 39,801 shares of company stock worth $1,893,874. 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.