Hsbc Holdings PLC Invests $1.30 Million in Blackbaud, Inc. $BLKB

Hsbc Holdings PLC purchased a new stake in Blackbaud, Inc. (NASDAQ:BLKB) in the first quarter, HoldingsChannel reports. The firm purchased 33,619 shares of the technology company’s stock, valued at approximately $1,303,000.

A number of other hedge funds have also modified their holdings of the company. Blue Trust Inc. grew its holdings in Blackbaud by 44.3% during the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock valued at $33,000 after purchasing an additional 266 shares during the period. Rothschild Investment LLC raised its holdings in Blackbaud by 589.0% in the fourth quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock worth $36,000 after purchasing an additional 483 shares during the period. TD Private Client Wealth LLC raised its holdings in Blackbaud by 4,300.0% in the fourth quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock worth $39,000 after purchasing an additional 602 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Blackbaud by 380.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock valued at $39,000 after buying an additional 487 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Blackbaud in the 3rd quarter valued at $46,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Blackbaud Stock Up 5.6%

Shares of BLKB stock opened at $34.55 on Tuesday. The firm has a fifty day moving average of $29.60 and a 200-day moving average of $39.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 33.66. Blackbaud, Inc. has a 12-month low of $25.58 and a 12-month high of $74.88. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.16 and a beta of 1.01.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on BLKB. Zacks Research lowered Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings cut Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Stifel Nicolaus lowered their price target on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, July 10th. Finally, Robert W. Baird raised 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 report on Thursday, April 30th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $48.75.

Insider Transactions at Blackbaud

In other Blackbaud news, CFO Chad Anderson sold 6,205 shares of Blackbaud stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $31.31, for a total value of $194,278.55. Following the sale, the chief financial officer owned 62,869 shares of the company’s stock, valued at $1,968,428.39. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.01% of the company’s stock.

About Blackbaud

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.