Janus Henderson Group PLC Acquires 96,323 Shares of Blackbaud, Inc. (NASDAQ:BLKB)

Janus Henderson Group PLC increased its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,878,906 shares of the technology company’s stock after buying an additional 96,323 shares during the quarter. Janus Henderson Group PLC owned 9.92% of Blackbaud worth $407,395,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BLKB. Champlain Investment Partners LLC increased its holdings in Blackbaud by 1.4% in the 1st quarter. Champlain Investment Partners LLC now owns 2,467,640 shares of the technology company’s stock worth $196,745,000 after purchasing an additional 35,135 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in Blackbaud by 1.0% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,011,365 shares of the technology company’s stock worth $80,636,000 after purchasing an additional 9,934 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Blackbaud by 1.1% in the 1st quarter. New York State Common Retirement Fund now owns 632,519 shares of the technology company’s stock worth $50,431,000 after purchasing an additional 6,679 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Blackbaud by 19.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 587,637 shares of the technology company’s stock worth $36,963,000 after purchasing an additional 93,621 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Blackbaud by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 550,590 shares of the technology company’s stock worth $34,631,000 after purchasing an additional 42,384 shares in the last quarter.

Shares of BLKB stock traded up $2.04 on Tuesday, hitting $93.55. The company had a trading volume of 484 shares, compared to its average volume of 278,863. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 49.64, a P/E/G ratio of 9.24 and a beta of 1.22. The company’s 50-day moving average price is $85.46. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.76. Blackbaud, Inc. has a twelve month low of $58.23 and a twelve month high of $105.69.



Blackbaud (NASDAQ:BLKB) last released its earnings results on Tuesday, July 30th. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.29 by $0.37. The business had revenue of $226.40 million during the quarter, compared to analysts’ expectations of $223.53 million. Blackbaud had a return on equity of 20.51% and a net margin of 3.04%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share. As a group, analysts expect that Blackbaud, Inc. will post 1.26 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Tuesday, August 27th. Blackbaud’s dividend payout ratio (DPR) is presently 25.67%.

In related news, Director Timothy C. K. Chou sold 400 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $76.98, for a total transaction of $30,792.00. Following the transaction, the director now owns 20,114 shares in the company, valued at approximately $1,548,375.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kevin W. Mooney sold 8,858 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $80.00, for a total value of $708,640.00. Following the transaction, the executive vice president now owns 92,901 shares in the company, valued at approximately $7,432,080. The disclosure for this sale can be found here. Insiders have sold 12,258 shares of company stock valued at $1,004,452 in the last three months. 1.56% of the stock is owned by corporate insiders.

A number of brokerages have issued reports on BLKB. BidaskClub raised Blackbaud from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Bank of America reaffirmed an “underperform” rating and issued a $80.00 target price (up previously from $70.00) on shares of Blackbaud in a report on Thursday, August 1st. ValuEngine raised Blackbaud from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Zacks Investment Research cut Blackbaud from a “strong-buy” rating to a “hold” rating and set a $101.00 price target for the company. in a research note on Wednesday, August 7th. Finally, DA Davidson increased their price target on Blackbaud to $89.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $91.71.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, individual change agents, and other charitable giving entities. The company offers fundraising and relationship management solutions and services, including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud Luminate CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, everydayhero, Blackbaud Peer-to-Peer Fundraising, and Blackbaud Guided Fundraising; and marketing and engagement solutions, such as Blackbaud Luminate Online, Blackbaud Online Express, Blackbaud NetCommunity, Blackbaud Attentive.ly, and Blackbaud School Website System.

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Institutional Ownership by Quarter for Blackbaud (NASDAQ:BLKB)

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