Landscape Capital Management L.L.C. Purchases Shares of 85,261 Blackbaud, Inc. $BLKB

Landscape Capital Management L.L.C. acquired a new position in shares of Blackbaud, Inc. (NASDAQ:BLKB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 85,261 shares of the technology company’s stock, valued at approximately $2,525,000.

Several other institutional investors have also modified their holdings of the stock. Rothschild Investment LLC grew its position in shares of Blackbaud by 589.0% in the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock valued at $36,000 after buying an additional 483 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Blackbaud by 380.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock valued at $39,000 after acquiring an additional 487 shares during the last quarter. TD Private Client Wealth LLC lifted its position in Blackbaud by 4,300.0% in the fourth quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock valued at $39,000 after acquiring an additional 602 shares during the last quarter. Quarry LP acquired a new position in Blackbaud in the third quarter valued at $46,000. Finally, Kestra Advisory Services LLC acquired a new position in Blackbaud in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

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

Blackbaud Stock Up 2.3%

BLKB stock opened at $47.52 on Friday. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97. 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, Inc. has a 12 month low of $25.58 and a 12 month high of $70.71.

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 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 company had revenue of $290.60 million for the quarter, compared to the consensus estimate of $292.23 million. During the same period last year, the firm posted $1.21 EPS. Blackbaud’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. Sell-side analysts expect that Blackbaud, Inc. will post 3.71 earnings per share for the current year.

Blackbaud 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.