Triodos Investment Management BV Buys 1,500 Shares of Blackbaud, Inc. (NASDAQ:BLKB)

Triodos Investment Management BV lifted its position in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 35,000 shares of the technology company’s stock after buying an additional 1,500 shares during the quarter. Triodos Investment Management BV’s holdings in Blackbaud were worth $2,587,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLKB. Vestcor Inc bought a new position in shares of Blackbaud during the 4th quarter worth approximately $75,000. TD Private Client Wealth LLC raised its holdings in Blackbaud by 42.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,174 shares of the technology company’s stock valued at $99,000 after buying an additional 347 shares during the last quarter. KBC Group NV grew its holdings in shares of Blackbaud by 33.9% during the 4th quarter. KBC Group NV now owns 1,676 shares of the technology company’s stock worth $124,000 after acquiring an additional 424 shares during the period. Blue Trust Inc. grew its holdings in Blackbaud by 20.9% in the fourth quarter. Blue Trust Inc. now owns 1,930 shares of the technology company’s stock worth $143,000 after purchasing an additional 333 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Blackbaud by 31.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,069 shares of the technology company’s stock worth $154,000 after purchasing an additional 499 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird cut their price objective on shares of Blackbaud from $80.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $85.33.

Blackbaud Stock Up 0.0 %

Shares of BLKB opened at $62.32 on Friday. The company’s 50-day moving average price is $70.92 and its 200 day moving average price is $77.66. The firm has a market cap of $3.07 billion, a P/E ratio of -10.56 and a beta of 1.08. Blackbaud, Inc. has a 12-month low of $61.23 and a 12-month high of $88.95. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 7.40.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.50). Blackbaud had a positive return on equity of 26.30% and a negative net margin of 24.83%. The firm had revenue of $302.23 million for the quarter, compared to analyst estimates of $303.41 million. On average, sell-side analysts forecast that Blackbaud, Inc. will post 3.05 earnings per share for the current year.

Blackbaud Profile

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.