Blackbaud, Inc. $BLKB Stock: Andrew Hill Investment Advisors Inc. Grows Position

Andrew Hill Investment Advisors Inc. grew its stake in Blackbaud, Inc. (NASDAQ:BLKB) by 72.7% in the 3rd quarter, Holdings Channel reports. The firm owned 52,902 shares of the technology company’s stock after purchasing an additional 22,272 shares during the period. Blackbaud makes up about 1.8% of Andrew Hill Investment Advisors Inc.’s portfolio, making the stock its 21st biggest position. Andrew Hill Investment Advisors Inc.’s holdings in Blackbaud were worth $2,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its position in Blackbaud by 44.3% during the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock valued at $33,000 after purchasing an additional 266 shares during the period. Waverly Advisors LLC boosted its position in Blackbaud by 1.4% in the 2nd quarter. Waverly Advisors LLC now owns 22,206 shares of the technology company’s stock valued at $658,000 after buying an additional 301 shares during the period. Sei Investments Co. lifted its position in shares of Blackbaud by 1.9% in the 1st quarter. Sei Investments Co. now owns 26,928 shares of the technology company’s stock worth $1,040,000 after purchasing an additional 491 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Blackbaud by 107.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 959 shares of the technology company’s stock worth $28,000 after acquiring an additional 496 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Blackbaud by 27.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,796 shares of the technology company’s stock worth $116,000 after purchasing an additional 598 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Blackbaud Trading Down 1.7%

Shares of Blackbaud stock opened at $55.54 on Friday. The company has a fifty day simple moving average of $46.39 and a 200-day simple moving average of $38.25. Blackbaud, Inc. has a 12-month low of $25.58 and a 12-month high of $70.71. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 16.82. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.93 and a beta of 1.04.

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

Insider Buying and Selling at Blackbaud

In related news, EVP David Benjamin sold 2,086 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $48.27, for a total transaction of $100,691.22. Following the completion of the sale, the executive vice president owned 71,038 shares in the company, valued at $3,429,004.26. This represents a 2.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kevin Gregoire sold 22,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $5,150,327. The trade was a 16.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 43,086 shares of company stock valued at $2,001,761. Insiders own 2.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Robert W. Baird upped their target price on Blackbaud from $54.00 to $58.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. Stifel Nicolaus dropped their target price on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, July 10th. Raymond James Financial restated an “outperform” rating and issued a $55.00 target price on shares of Blackbaud in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Blackbaud from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $49.50.

About Blackbaud

Blackbaud, Inc (NASDAQ: BLKB) develops cloud-based software and services for nonprofit organizations, educational institutions, healthcare and other social-impact organizations. Its technology helps customers manage fundraising, donor relationships, financial operations, grantmaking, marketing, ticketing, payments and community engagement.

The company’s product portfolio includes solutions such as Raiser’s Edge NXT for nonprofit fundraising and constituent relationship management, Financial Edge NXT for nonprofit accounting, Luminate for online fundraising and advocacy, Grantmaking, Blackbaud Tuition Management, and Altru for cultural organizations.