2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. trimmed its holdings in shares of Blackbaud, Inc. ( NASDAQ:BLKB – Free Report ) by 1.
5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 128,451 shares of the technology company’s stock after selling 1,975 shares during the period. Envestnet Asset Management Inc.
owned approximately 0.26% of Blackbaud worth $9,495,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also modified their holdings of the business.
Vestcor Inc purchased a new stake in shares of Blackbaud during the fourth quarter valued at $75,000. KBC Group NV boosted its holdings in shares of Blackbaud by 33.9% during the 4th quarter.
KBC Group NV now owns 1,676 shares of the technology company’s stock valued at $124,000 after acquiring an additional 424 shares during the last quarter. Huntington National Bank grew its stake in shares of Blackbaud by 13.9% in the fourth quarter.
Huntington National Bank now owns 1,864 shares of the technology company’s stock worth $138,000 after acquiring an additional 227 shares during the period. Blue Trust Inc. raised its holdings in shares of Blackbaud by 20.
9% during the fourth quarter. Blue Trust Inc. now owns 1,930 shares of the technology company’s stock valued at $143,000 after purchasing an additional 333 shares during the last quarter.
Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Blackbaud by 31.
8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd.
now owns 2,069 shares of the technology company’s stock valued at $154,000 after purchasing an additional 499 shares during the period. Institutional investors own 94.21% of the company’s stock.
Analyst Ratings Changes Separately, Robert W. Baird cut their target price on shares of Blackbaud from $80.00 to $76.
00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.
com, Blackbaud currently has an average rating of “Hold” and an average target price of $85.33. Blackbaud Price Performance NASDAQ BLKB opened at $62.
02 on Friday. Blackbaud, Inc. has a 52 week low of $58.
05 and a 52 week high of $88.95. The firm has a market capitalization of $3.
05 billion, a P/E ratio of -10.51 and a beta of 1.04.
The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 7.
40. The company has a 50-day moving average price of $65.09 and a 200-day moving average price of $74.
96. Blackbaud ( NASDAQ:BLKB – Get Free Report ) last issued its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.
58 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.50).
Blackbaud had a positive return on equity of 26.30% and a negative net margin of 24.83%.
The company had revenue of $302.23 million during the quarter, compared to analysts’ expectations of $303.41 million.
Equities research analysts anticipate that Blackbaud, Inc. will post 3.05 earnings per share for the current year.
Blackbaud Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than Blackbaud 3 Best Fintech Stocks for a Portfolio Boost 3 Mid-Cap to Mega-Cap Stocks Have Announced Significant Buybacks Health Care Stocks Explained: Why You Might Want to Invest These 3 Stocks Have Huge Last 12 Months Shareholder Yields How to Plot Fibonacci Price Inflection Levels Prominent Hedge Fund Acquires Huge Stake in HPE: Is It a Buy Now? Want to see what other hedge funds are holding BLKB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Blackbaud, Inc. ( NASDAQ:BLKB – Free Report ). Receive News & Ratings for Blackbaud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackbaud and related companies with MarketBeat.
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