Janus Henderson Group PLC Grows Holdings in Blackbaud, Inc. $BLKB

Janus Henderson Group PLC boosted its position in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 3.9% during the first quarter, Holdings Channel.com reports. The fund owned 1,555,833 shares of the technology company’s stock after acquiring an additional 58,806 shares during the quarter. Janus Henderson Group PLC’s holdings in Blackbaud were worth $60,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Blackbaud by 1.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,434 shares of the technology company’s stock worth $1,454,000 after purchasing an additional 361 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Blackbaud by 293.1% during the 1st quarter. Jones Financial Companies Lllp now owns 7,701 shares of the technology company’s stock valued at $478,000 after buying an additional 5,742 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Blackbaud by 26.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company’s stock valued at $14,225,000 after buying an additional 47,549 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Blackbaud by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,751 shares of the technology company’s stock valued at $6,314,000 after buying an additional 4,178 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Blackbaud by 886.2% in the 1st quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock worth $9,911,000 after buying an additional 143,533 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Blackbaud Stock Performance

BLKB opened at $42.80 on Friday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.52 and a beta of 1.01. The company has a fifty day moving average of $30.39 and a 200 day moving average of $39.10. Blackbaud, Inc. has a fifty-two week low of $25.58 and a fifty-two week high of $70.94. The company has a debt-to-equity ratio of 16.82, a quick ratio of 0.74 and a current ratio of 0.83.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.10. The company had revenue of $290.60 million for the quarter, compared to the consensus estimate of $292.23 million. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. Blackbaud’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, sell-side analysts forecast that Blackbaud, Inc. will post 3.57 earnings per share for the current fiscal year.

Insider Activity

In other 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 directly owned 62,869 shares of the company’s stock, valued at approximately $1,968,428.39. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BLKB. Zacks Research lowered Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Stifel Nicolaus lowered their price objective on Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Weiss Ratings lowered Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 23rd. Robert W. Baird set a $54.00 target price on Blackbaud in a research report on Thursday. Finally, Raymond James Financial reissued an “outperform” rating and set a $55.00 target price on shares of Blackbaud in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Blackbaud has a consensus rating of “Hold” and an average price target of $48.50.

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.