Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin Mcdearis Sells 3,210 Shares

Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin Mcdearis sold 3,210 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $85.16, for a total value of $273,363.60. Following the completion of the transaction, the executive vice president now owns 63,802 shares in the company, valued at approximately $5,433,378.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Kevin Mcdearis also recently made the following trade(s):

• On Friday, August 30th, Kevin Mcdearis sold 18,996 shares of Blackbaud stock. The shares were sold at an average price of $83.00, for a total value of $1,576,668.00.

Blackbaud Stock Performance

Shares of Blackbaud stock opened at $85.69 on Friday. The business’s fifty day simple moving average is $79.56 and its 200 day simple moving average is $77.20. The firm has a market capitalization of $4.42 billion, a P/E ratio of 209.00 and a beta of 1.02. Blackbaud, Inc. has a 12 month low of $64.32 and a 12 month high of $88.56. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.73.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. The business had revenue of $287.29 million for the quarter, compared to analyst estimates of $289.26 million. Blackbaud had a return on equity of 18.54% and a net margin of 3.64%. Blackbaud’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. As a group, analysts anticipate that Blackbaud, Inc. will post 2.38 EPS for the current year.

Institutional Trading of Blackbaud

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in Blackbaud during the first quarter worth $720,000. Price T Rowe Associates Inc. MD lifted its holdings in Blackbaud by 2.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 388,009 shares of the technology company’s stock worth $28,768,000 after acquiring an additional 10,555 shares during the period. Campbell & CO Investment Adviser LLC lifted its holdings in Blackbaud by 217.7% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 24,935 shares of the technology company’s stock worth $2,162,000 after acquiring an additional 17,086 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Blackbaud by 5.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 264,816 shares of the technology company’s stock worth $19,633,000 after acquiring an additional 12,881 shares during the period. Finally, Norges Bank purchased a new stake in Blackbaud in the fourth quarter worth $43,589,000. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Robert W. Baird raised their target price on Blackbaud from $88.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Evercore ISI upgraded Blackbaud to a “hold” rating in a report on Thursday, August 1st.

About Blackbaud

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.