Susquehanna International Group LLP Decreases Holdings in Blackbaud, Inc. $BLKB

Susquehanna International Group LLP decreased its holdings in Blackbaud, Inc. (NASDAQ:BLKB) by 77.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,031 shares of the technology company’s stock after selling 76,222 shares during the period. Susquehanna International Group LLP’s holdings in Blackbaud were worth $653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BLKB. Glenmede Investment Management LP raised its position in Blackbaud by 2.1% during the third quarter. Glenmede Investment Management LP now owns 10,492 shares of the technology company’s stock valued at $675,000 after purchasing an additional 215 shares during the period. AXQ Capital LP increased its position in shares of Blackbaud by 3.0% during the 4th quarter. AXQ Capital LP now owns 8,307 shares of the technology company’s stock valued at $526,000 after purchasing an additional 243 shares during the last quarter. Comerica Bank raised its holdings in Blackbaud by 1.0% during the 4th quarter. Comerica Bank now owns 24,847 shares of the technology company’s stock valued at $1,573,000 after buying an additional 255 shares during the period. Blue Trust Inc. lifted its position in Blackbaud by 44.3% in the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock worth $33,000 after buying an additional 266 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in Blackbaud by 4.4% during the fourth quarter. Inspire Investing LLC now owns 7,382 shares of the technology company’s stock worth $467,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BLKB. Raymond James Financial reissued an “outperform” rating and issued a $55.00 target price on shares of Blackbaud in a research note on Wednesday, July 29th. Stifel Nicolaus cut their price target on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Weiss Ratings raised shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Finally, Robert W. Baird set a $54.00 price target on Blackbaud in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Blackbaud currently has an average rating of “Hold” and a consensus price target of $48.50.

Insider Activity

In other Blackbaud news, EVP Kevin P. Gregoire sold 22,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $45.50, for a total value of $1,001,000.00. Following the completion of the sale, the executive vice president owned 113,194 shares of the company’s stock, valued at approximately $5,150,327. This trade represents a 16.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael P. Gianoni sold 17,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $47.35, for a total value of $804,950.00. Following the sale, the chief executive officer owned 423,264 shares in the company, valued at $20,041,550.40. The trade was a 3.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.01% of the company’s stock.

Blackbaud Trading Down 1.2%

NASDAQ BLKB opened at $48.06 on Tuesday. Blackbaud, Inc. has a 52 week low of $25.58 and a 52 week high of $70.71. The company has a 50 day moving average price of $37.81 and a 200 day moving average price of $37.89. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 16.82. The firm has a market cap of $2.18 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.67 and a beta of 0.97.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.10. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. The business had revenue of $290.60 million for the quarter, compared to analyst estimates of $292.23 million. During the same period in the previous year, the company earned $1.21 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. 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 3.71 EPS for the current fiscal year.

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.