Blackbaud, Inc. (NASDAQ:BLKB) Director Andrew M. Leitch sold 10,000 shares of Blackbaud stock in a transaction on Monday, February 26th. The stock was sold at an average price of $102.96, for a total transaction of $1,029,600.00. Following the completion of the transaction, the director now directly owns 28,848 shares in the company, valued at $2,970,190.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Blackbaud, Inc. (NASDAQ:BLKB) traded down $0.81 during midday trading on Tuesday, hitting $103.25. 238,768 shares of the company traded hands, compared to its average volume of 304,230. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.40. Blackbaud, Inc. has a 12 month low of $71.48 and a 12 month high of $105.20. The stock has a market capitalization of $4,964.06, a P/E ratio of 75.96, a price-to-earnings-growth ratio of 5.22 and a beta of 0.75.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Tuesday, February 27th. Blackbaud’s payout ratio is currently 35.04%.
A number of institutional investors have recently modified their holdings of the business. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in Blackbaud by 5.7% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 9,775 shares of the technology company’s stock valued at $924,000 after purchasing an additional 525 shares during the period. Prudential Financial Inc. increased its position in Blackbaud by 1.7% during the 3rd quarter. Prudential Financial Inc. now owns 32,760 shares of the technology company’s stock valued at $2,876,000 after purchasing an additional 544 shares during the period. Macquarie Group Ltd. increased its position in Blackbaud by 0.3% during the 3rd quarter. Macquarie Group Ltd. now owns 228,300 shares of the technology company’s stock valued at $20,045,000 after purchasing an additional 655 shares during the period. Pacer Advisors Inc. increased its position in Blackbaud by 18.7% during the 3rd quarter. Pacer Advisors Inc. now owns 5,614 shares of the technology company’s stock valued at $493,000 after purchasing an additional 886 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Blackbaud by 47.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,793 shares of the technology company’s stock valued at $264,000 after purchasing an additional 897 shares during the period.
Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).
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