Ameritas Investment Partners Inc. Sells 400 Shares of Blackbaud, Inc. (NASDAQ:BLKB)

Ameritas Investment Partners Inc. trimmed its position in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,774 shares of the technology company’s stock after selling 400 shares during the period. Ameritas Investment Partners Inc.’s holdings in Blackbaud were worth $1,021,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. grew its holdings in Blackbaud by 8.6% during the 1st quarter. Hillsdale Investment Management Inc. now owns 60,170 shares of the technology company’s stock valued at $4,461,000 after purchasing an additional 4,750 shares during the last quarter. Vanguard Group Inc. grew its holdings in Blackbaud by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 5,646,203 shares of the technology company’s stock valued at $418,609,000 after purchasing an additional 71,619 shares during the last quarter. ProShare Advisors LLC grew its holdings in Blackbaud by 4.5% during the 1st quarter. ProShare Advisors LLC now owns 10,333 shares of the technology company’s stock valued at $766,000 after purchasing an additional 448 shares during the last quarter. US Bancorp DE grew its holdings in Blackbaud by 22.6% during the 1st quarter. US Bancorp DE now owns 6,449 shares of the technology company’s stock valued at $478,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in Blackbaud by 10.1% during the 1st quarter. Inspire Investing LLC now owns 4,847 shares of the technology company’s stock valued at $359,000 after purchasing an additional 444 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Blackbaud from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th.

Insider Transactions at Blackbaud

In other news, CFO Anthony W. Boor sold 1,106 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $78.86, for a total value of $87,219.16. Following the completion of the sale, the chief financial officer now owns 150,262 shares of the company’s stock, valued at approximately $11,849,661.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Blackbaud news, EVP David J. Benjamin sold 1,768 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $77.50, for a total value of $137,020.00. Following the completion of the sale, the executive vice president now directly owns 57,739 shares in the company, valued at $4,474,772.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Anthony W. Boor sold 1,106 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $78.86, for a total transaction of $87,219.16. Following the completion of the sale, the chief financial officer now owns 150,262 shares of the company’s stock, valued at $11,849,661.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,476 shares of company stock valued at $2,547,161. Company insiders own 1.95% of the company’s stock.

Blackbaud Trading Up 1.4 %

Blackbaud stock traded up $1.13 during trading hours on Tuesday, hitting $79.23. The company had a trading volume of 218,116 shares, compared to its average volume of 253,782. The firm has a market cap of $4.09 billion, a P/E ratio of 190.49 and a beta of 1.01. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.67 and a current ratio of 0.67. Blackbaud, Inc. has a 1 year low of $64.32 and a 1 year high of $88.56. The company has a 50-day moving average price of $77.20 and a two-hundred day moving average price of $76.55.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $279.25 million during the quarter, compared to analysts’ expectations of $282.22 million. Blackbaud had a net margin of 1.94% and a return on equity of 16.66%. On average, sell-side analysts anticipate that Blackbaud, Inc. will post 2.27 earnings per share for the current year.

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.