787 Shares in Blackbaud, Inc. (NASDAQ:BLKB) Purchased by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in shares of Blackbaud, Inc. (NASDAQ:BLKB) during the 4th quarter, Holdings Channel.com reports. The firm bought 787 shares of the technology company’s stock, valued at approximately $64,000.

Other large investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC purchased a new position in Blackbaud during the third quarter worth about $25,000. FSC Wealth Advisors LLC purchased a new position in Blackbaud during the third quarter worth about $40,000. Gotham Asset Management LLC increased its stake in Blackbaud by 8.0% during the third quarter. Gotham Asset Management LLC now owns 4,248 shares of the technology company’s stock worth $299,000 after acquiring an additional 316 shares during the last quarter. Glenmede Trust Co. NA acquired a new stake in Blackbaud during the third quarter worth about $311,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Blackbaud during the third quarter worth about $352,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Anthony W. Boor sold 6,900 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $79.01, for a total value of $545,169.00. Following the completion of the sale, the chief financial officer now owns 151,368 shares in the company, valued at $11,959,585.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Anthony W. Boor sold 6,900 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $79.01, for a total value of $545,169.00. Following the completion of the sale, the chief financial officer now owns 151,368 shares in the company, valued at $11,959,585.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael P. Gianoni sold 5,360 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $74.05, for a total value of $396,908.00. Following the sale, the chief executive officer now owns 413,114 shares of the company’s stock, valued at approximately $30,591,091.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,897 shares of company stock worth $4,377,015. 1.89% of the stock is currently owned by corporate insiders.

Blackbaud Stock Performance

Shares of NASDAQ:BLKB opened at $77.92 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.78 and a quick ratio of 0.78. Blackbaud, Inc. has a 12 month low of $64.32 and a 12 month high of $88.56. The firm has a market capitalization of $4.02 billion, a PE ratio of 2,597.33 and a beta of 1.04. The business has a 50-day moving average of $73.20 and a two-hundred day moving average of $76.54.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Tuesday, February 13th. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Blackbaud had a return on equity of 14.59% and a net margin of 0.16%. The business had revenue of $295.01 million during the quarter, compared to analyst estimates of $299.04 million. During the same quarter last year, the firm earned $0.28 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts forecast that Blackbaud, Inc. will post 2.35 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Robert W. Baird dropped their price target on Blackbaud from $95.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. StockNews.com upgraded Blackbaud from a “hold” rating to a “buy” rating in a research note on Saturday.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.