Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in Blackbaud, Inc. $BLKB

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Blackbaud, Inc. (NASDAQ:BLKB) in the third quarter, according to its most recent filing with the SEC. The fund acquired 36,632 shares of the technology company’s stock, valued at approximately $2,356,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Blackbaud at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLKB. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Blackbaud by 27.7% in the third quarter. Campbell & CO Investment Adviser LLC now owns 6,498 shares of the technology company’s stock worth $418,000 after acquiring an additional 1,408 shares during the period. Procyon Advisors LLC lifted its holdings in Blackbaud by 12.8% during the 3rd quarter. Procyon Advisors LLC now owns 4,084 shares of the technology company’s stock worth $263,000 after purchasing an additional 464 shares in the last quarter. Versant Capital Management Inc boosted its stake in Blackbaud by 68.3% in the 3rd quarter. Versant Capital Management Inc now owns 786 shares of the technology company’s stock worth $51,000 after purchasing an additional 319 shares during the period. State of Alaska Department of Revenue grew its holdings in Blackbaud by 50.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,356 shares of the technology company’s stock valued at $408,000 after buying an additional 2,122 shares in the last quarter. Finally, Tributary Capital Management LLC increased its position in shares of Blackbaud by 89.7% during the third quarter. Tributary Capital Management LLC now owns 503,742 shares of the technology company’s stock valued at $32,396,000 after buying an additional 238,251 shares during the period. Institutional investors own 94.21% of the company’s stock.

Blackbaud Price Performance

Shares of NASDAQ:BLKB opened at $53.31 on Friday. The company’s fifty day moving average price is $60.00 and its 200-day moving average price is $62.75. The company has a debt-to-equity ratio of 9.63, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of -10.25, a PEG ratio of 2.02 and a beta of 1.07. Blackbaud, Inc. has a one year low of $52.21 and a one year high of $81.39.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The company had revenue of $281.14 million during the quarter, compared to the consensus estimate of $279.21 million. Blackbaud had a negative net margin of 22.57% and a positive return on equity of 137.13%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. On average, equities research analysts anticipate that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Transactions at Blackbaud

In related news, Director Rupal S. Hollenbeck sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $56.49, for a total value of $90,384.00. Following the completion of the sale, the director owned 6,366 shares in the company, valued at $359,615.34. The trade was a 20.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael P. Gianoni sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $57.68, for a total transaction of $288,400.00. Following the transaction, the chief executive officer owned 372,985 shares in the company, valued at $21,513,774.80. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 11,600 shares of company stock worth $690,834. 1.97% of the stock is currently owned by insiders.

Analyst Ratings Changes

BLKB has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen raised shares of Blackbaud from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Stifel Nicolaus set a $70.00 price target on shares of Blackbaud in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Blackbaud in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $73.00.

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.