1 week Ago By Defense World Staff
Invesco Ltd. raised its stake in shares of Blackbaud, Inc. (NASDAQ:BLKB – Free Report) by 1.
1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,288 shares of the technology company’s stock after purchasing an additional 745 shares during the quarter. Invesco Ltd.
owned approximately 0.14% of Blackbaud worth $5,270,000 at the end of the most recent reporting period. Other institutional investors have also added to or reduced their stakes in the company.
Xponance Inc. grew its stake in Blackbaud by 2.4% in the fourth quarter.
Xponance Inc. now owns 5,638 shares of the technology company’s stock worth $417,000 after purchasing an additional 130 shares during the period. Heritage Family Offices LLP increased its stake in shares of Blackbaud by 5.
9% during the fourth quarter. Heritage Family Offices LLP now owns 2,985 shares of the technology company’s stock valued at $221,000 after purchasing an additional 166 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Blackbaud by 13.
9% during the fourth quarter. Huntington National Bank now owns 1,864 shares of the technology company’s stock valued at $138,000 after purchasing an additional 227 shares during the last quarter. Brookstone Capital Management boosted its position in shares of Blackbaud by 3.
7% in the 4th quarter. Brookstone Capital Management now owns 7,612 shares of the technology company’s stock worth $563,000 after purchasing an additional 275 shares in the last quarter. Finally, Blue Trust Inc.
boosted its position in shares of Blackbaud by 20.9% in the 4th quarter. Blue Trust Inc.
now owns 1,930 shares of the technology company’s stock worth $143,000 after purchasing an additional 333 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.
Blackbaud Trading Up 0.5 %NASDAQ:BLKB opened at $63.77 on Friday.
The stock has a market cap of $3.09 billion, a price-to-earnings ratio of -10.81 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’s 50 day moving average price is $63.
51 and its 200-day moving average price is $74.24. Blackbaud, Inc.
has a 52 week low of $58.05 and a 52 week high of $88.95.
Blackbaud (NASDAQ:BLKB – Get Free Report) last issued its earnings results on Tuesday, February 18th. The technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $1.
08 by ($0.50). Blackbaud had a negative net margin of 24.
83% and a positive return on equity of 26.30%. The business had revenue of $302.
23 million for the quarter, compared to analysts’ expectations of $303.41 million. On average, equities research analysts forecast that Blackbaud, Inc.
will post 3.05 earnings per share for the current fiscal year. Analyst Upgrades and DowngradesSeparately, Robert W.
Baird lowered their price objective on Blackbaud from $80.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th.
Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Blackbaud currently has a consensus rating of “Hold” and a consensus target price of $85.
33.View Our Latest Stock Report on BLKBAbout Blackbaud (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.
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