Anthony W. Boor Sells 3,100 Shares of Blackbaud, Inc. (NASDAQ:BLKB) Stock

Blackbaud, Inc. (NASDAQ:BLKB) CFO Anthony W. Boor sold 3,100 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $79.48, for a total value of $246,388.00. Following the completion of the transaction, the chief financial officer now owns 158,268 shares of the company’s stock, valued at $12,579,140.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Blackbaud Stock Performance

Blackbaud stock opened at $78.26 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a fifty day moving average price of $72.71 and a two-hundred day moving average price of $76.00. Blackbaud, Inc. has a 52-week low of $64.32 and a 52-week high of $88.56. The firm has a market capitalization of $4.18 billion, a P/E ratio of 2,608.67, a P/E/G ratio of 3.33 and a beta of 1.04.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.09. The firm had revenue of $295.01 million during the quarter, compared to analyst estimates of $299.04 million. Blackbaud had a return on equity of 14.59% and a net margin of 0.16%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 earnings per share. As a group, analysts anticipate that Blackbaud, Inc. will post 2.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on BLKB shares. Robert W. Baird dropped their price objective on Blackbaud from $95.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. StockNews.com upgraded Blackbaud from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th.

Institutional Trading of Blackbaud

Several large investors have recently made changes to their positions in BLKB. JPMorgan Chase & Co. grew its holdings in shares of Blackbaud by 2.7% during the first quarter. JPMorgan Chase & Co. now owns 143,241 shares of the technology company’s stock worth $8,576,000 after purchasing an additional 3,713 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Blackbaud by 11.9% during the first quarter. American Century Companies Inc. now owns 6,669 shares of the technology company’s stock worth $399,000 after purchasing an additional 710 shares during the last quarter. US Bancorp DE grew its holdings in shares of Blackbaud by 22.4% during the first quarter. US Bancorp DE now owns 5,120 shares of the technology company’s stock worth $306,000 after purchasing an additional 936 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Blackbaud by 7.5% during the first quarter. Bank of Montreal Can now owns 9,679 shares of the technology company’s stock worth $600,000 after purchasing an additional 672 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Blackbaud by 47.7% during the first quarter. MetLife Investment Management LLC now owns 53,394 shares of the technology company’s stock worth $3,197,000 after purchasing an additional 17,240 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

About Blackbaud

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.