Blackbaud (NASDAQ:BLKB) Stock Rating Upgraded by Robert W. Baird

Blackbaud (NASDAQ:BLKB) was upgraded by equities research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report released on Thursday, MarketBeat reports. The brokerage currently has a $50.00 price target on the technology company’s stock, down from their previous price target of $60.00. Robert W. Baird’s price target would suggest a potential upside of 33.19% from the company’s previous close.

Other analysts also recently issued research reports about the company. Stifel Nicolaus dropped their price target on Blackbaud from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Tuesday. Evercore set a $55.00 price target on Blackbaud in a research note on Wednesday, February 11th. Raymond James Financial set a $60.00 price target on Blackbaud in a research note on Tuesday, February 10th. Zacks Research downgraded Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Weiss Ratings downgraded Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $52.50.

Blackbaud Stock Up 1.0%

Shares of BLKB stock opened at $37.54 on Thursday. The company has a debt-to-equity ratio of 33.66, a current ratio of 0.74 and a quick ratio of 0.79. The stock’s fifty day moving average price is $41.71 and its 200 day moving average price is $52.88. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.09. Blackbaud has a 1-year low of $33.95 and a 1-year high of $74.88.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. The business had revenue of $281.14 million for the quarter, compared to the consensus estimate of $279.81 million. Blackbaud had a return on equity of 176.76% and a net margin of 12.41%.The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, research analysts expect that Blackbaud will post 3.68 earnings per share for the current fiscal year.

Insider Transactions at Blackbaud

In other news, EVP David J. Benjamin sold 14,349 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total value of $681,147.03. Following the sale, the executive vice president owned 73,124 shares in the company, valued at $3,471,196.28. This represents a 16.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin P. Gregoire sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $50.02, for a total value of $100,040.00. Following the completion of the transaction, the executive vice president directly owned 135,194 shares of the company’s stock, valued at $6,762,403.88. The trade was a 1.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 39,801 shares of company stock worth $1,893,874 over the last quarter. 1.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Blackbaud

A number of large investors have recently bought and sold shares of BLKB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Blackbaud by 1.6% in the 1st 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 grew its stake in Blackbaud by 293.1% in the 1st quarter. Jones Financial Companies Lllp now owns 7,701 shares of the technology company’s stock valued at $478,000 after acquiring an additional 5,742 shares during the period. Goldman Sachs Group Inc. increased its holdings in Blackbaud by 26.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company’s stock worth $14,225,000 after acquiring an additional 47,549 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Blackbaud by 4.3% in 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 worth $6,314,000 after acquiring an additional 4,178 shares in the last quarter. Finally, Jane Street Group LLC increased 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 acquiring an additional 143,533 shares in the last quarter. Institutional investors and hedge funds own 94.21% 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.