American Century Companies Inc. Has $350,000 Stock Holdings in Blackbaud, Inc. (NASDAQ:BLKB)

American Century Companies Inc. lifted its holdings in Blackbaud, Inc. (NASDAQ:BLKB) by 55.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,568 shares of the technology company’s stock after acquiring an additional 1,631 shares during the quarter. American Century Companies Inc.’s holdings in Blackbaud were worth $350,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BLKB. FMR LLC boosted its position in shares of Blackbaud by 230.0% in the first quarter. FMR LLC now owns 538,047 shares of the technology company’s stock worth $42,898,000 after buying an additional 374,999 shares during the period. First Trust Advisors LP acquired a new stake in shares of Blackbaud in the first quarter worth $488,000. Dimensional Fund Advisors LP boosted its position in shares of Blackbaud by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 799,483 shares of the technology company’s stock worth $46,018,000 after buying an additional 24,979 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Blackbaud by 58.7% in the first quarter. Envestnet Asset Management Inc. now owns 37,334 shares of the technology company’s stock worth $2,654,000 after buying an additional 13,811 shares during the period. Finally, Natixis Advisors L.P. boosted its position in shares of Blackbaud by 24.7% in the first quarter. Natixis Advisors L.P. now owns 16,877 shares of the technology company’s stock worth $1,199,000 after buying an additional 3,345 shares during the period. 99.20% of the stock is owned by institutional investors and hedge funds.

BLKB opened at $69.94 on Thursday. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of -1,748.50 and a beta of 1.13. Blackbaud, Inc. has a 1 year low of $46.86 and a 1 year high of $80.00. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average price of $69.36 and a 200 day moving average price of $71.24.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Monday, August 2nd. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.63. The firm had revenue of $229.44 million during the quarter, compared to analysts’ expectations of $226.07 million. Blackbaud had a positive return on equity of 13.92% and a negative net margin of 0.24%. As a group, sell-side analysts forecast that Blackbaud, Inc. will post 0.81 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised Blackbaud from a “strong sell” rating to a “hold” rating and set a $83.00 price objective for the company in a research report on Tuesday, June 29th.

In other Blackbaud news, Director Sarah E. Nash sold 1,935 shares of the firm’s stock in a transaction dated Friday, August 27th. The stock was sold at an average price of $67.94, for a total transaction of $131,463.90. Following the transaction, the director now directly owns 25,807 shares in the company, valued at $1,753,327.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director George H. Ellis sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 9th. The shares were sold at an average price of $72.76, for a total value of $218,280.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,777 shares of company stock valued at $541,778. Insiders own 1.76% of the company’s stock.

Blackbaud Profile

Blackbaud, Inc engages in the provision of cloud-based and on-premises software solutions and related services for the global philanthropic community. It offers solutions for fundraising and constituent relationship management (CRM), marketing, advocacy, accounting, peer-to-peer fundraising, corporate social responsibility (CSR), school management, ticketing, financial management, payment processing, and analytics.

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Institutional Ownership by Quarter for Blackbaud (NASDAQ:BLKB)

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