26,204 Shares in Blackbaud, Inc. $BLKB Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in Blackbaud, Inc. (NASDAQ:BLKB) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,204 shares of the technology company’s stock, valued at approximately $768,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Glenmede Investment Management LP increased its position in Blackbaud by 2.1% during the 3rd quarter. Glenmede Investment Management LP now owns 10,492 shares of the technology company’s stock worth $675,000 after purchasing an additional 215 shares during the period. AXQ Capital LP lifted its holdings in shares of Blackbaud by 3.0% in the 4th quarter. AXQ Capital LP now owns 8,307 shares of the technology company’s stock valued at $526,000 after buying an additional 243 shares during the period. Comerica Bank lifted its holdings in shares of Blackbaud by 1.0% in the 4th quarter. Comerica Bank now owns 24,847 shares of the technology company’s stock valued at $1,573,000 after buying an additional 255 shares during the period. Blue Trust Inc. boosted its stake in shares of Blackbaud by 44.3% in the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock valued at $33,000 after buying an additional 266 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Blackbaud by 4.4% in the fourth quarter. Inspire Investing LLC now owns 7,382 shares of the technology company’s stock valued at $467,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Blackbaud Price Performance

Shares of NASDAQ:BLKB opened at $47.78 on Wednesday. The business’s 50 day simple moving average is $38.22 and its 200-day simple moving average is $37.87. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. 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 released its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.10. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The firm had revenue of $290.60 million during the quarter, compared to the consensus estimate of $292.23 million. During the same period last year, the business posted $1.21 EPS. Blackbaud’s quarterly revenue was up 3.3% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, equities analysts forecast that Blackbaud, Inc. will post 3.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Blackbaud news, EVP Kevin P. Gregoire sold 22,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $45.50, for a total value of $1,001,000.00. Following the sale, the executive vice president owned 113,194 shares of the company’s stock, valued at approximately $5,150,327. This represents a 16.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael P. Gianoni sold 17,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $47.35, for a total value of $804,950.00. Following the completion of the transaction, the chief executive officer owned 423,264 shares of the company’s stock, valued at approximately $20,041,550.40. This represents a 3.86% decrease in their position. The SEC filing for this sale provides additional information. 2.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.