Blackbaud, Inc. (NASDAQ:BLKB) Receives Average Rating of “Hold” from Brokerages

Blackbaud, Inc. (NASDAQ:BLKB) has received a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $48.50.

BLKB has been the subject of several recent analyst reports. Robert W. Baird set a $54.00 target price on Blackbaud in a research report on Thursday, July 30th. Stifel Nicolaus dropped their price target on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Weiss Ratings raised Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Finally, Raymond James Financial reissued an “outperform” rating and set a $55.00 price objective on shares of Blackbaud in a report on Wednesday, July 29th.

Blackbaud Stock Up 2.3%

BLKB opened at $47.52 on Friday. The firm has a market capitalization of $2.16 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97. Blackbaud has a one year low of $25.58 and a one year high of $70.71. The company has a fifty day moving average price of $35.31 and a 200-day moving average price of $37.98. The company has a debt-to-equity ratio of 16.82, a current ratio of 0.83 and a quick ratio of 0.83.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The company had revenue of $290.60 million for the quarter, compared to the consensus estimate of $292.23 million. During the same quarter last year, the business posted $1.21 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Equities research analysts expect that Blackbaud will post 3.71 earnings per share for the current fiscal year.

Insider Activity at Blackbaud

In other Blackbaud news, EVP Kevin P. Gregoire sold 22,000 shares of Blackbaud stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $45.50, for a total transaction of $1,001,000.00. Following the completion of the sale, the executive vice president directly owned 113,194 shares in the company, valued at $5,150,327. The trade was a 16.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Chad Anderson sold 6,205 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the completion of the transaction, the chief financial officer directly owned 62,869 shares of the company’s stock, valued at approximately $1,968,428.39. This represents a 8.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.01% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Blackbaud during the second quarter valued at about $177,153,000. Northwestern Mutual Wealth Management Co. lifted its stake in Blackbaud by 143,409.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock worth $139,759,000 after purchasing an additional 2,205,641 shares during the last quarter. Jupiter Topco LLC purchased a new position in shares of Blackbaud in the 2nd quarter worth about $47,145,000. Janus Henderson Group PLC boosted its holdings in shares of Blackbaud by 3.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company’s stock worth $60,071,000 after purchasing an additional 58,806 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Blackbaud by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 975,085 shares of the technology company’s stock valued at $61,743,000 after purchasing an additional 5,709 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Blackbaud Company Profile

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.