Nordea Investment Management AB boosted its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 1.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 47,197 shares of the technology company’s stock after acquiring an additional 462 shares during the period. Nordea Investment Management AB owned 0.10% of Blackbaud worth $3,763,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. First Hawaiian Bank lifted its position in Blackbaud by 54.5% in the 1st quarter. First Hawaiian Bank now owns 675 shares of the technology company’s stock valued at $54,000 after acquiring an additional 238 shares in the last quarter. Smithfield Trust Co. raised its holdings in shares of Blackbaud by 2,407.5% in the 1st quarter. Smithfield Trust Co. now owns 1,003 shares of the technology company’s stock valued at $80,000 after purchasing an additional 963 shares during the period. Quantamental Technologies LLC bought a new stake in shares of Blackbaud in the 1st quarter valued at about $200,000. Evergreen Capital Management LLC bought a new stake in shares of Blackbaud in the 1st quarter valued at about $217,000. Finally, Piedmont Investment Advisors Inc. bought a new stake in shares of Blackbaud in the 1st quarter valued at about $220,000.
A number of research analysts recently commented on BLKB shares. Stephens lowered shares of Blackbaud from an “overweight” rating to an “equal weight” rating and set a $86.00 price target on the stock. in a research note on Wednesday, April 3rd. DA Davidson upped their price target on shares of PVH to $150.00 and gave the company a “buy” rating in a research note on Friday, March 29th. BidaskClub upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded shares of Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $88.14.
Shares of NASDAQ:BLKB traded up $0.96 on Thursday, reaching $83.32. 155,593 shares of the company’s stock were exchanged, compared to its average volume of 281,165. The company’s fifty day moving average price is $80.69. Blackbaud, Inc. has a twelve month low of $58.23 and a twelve month high of $120.35. The firm has a market cap of $4.07 billion, a P/E ratio of 44.56, a price-to-earnings-growth ratio of 7.72 and a beta of 1.20. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.58.
Blackbaud (NASDAQ:BLKB) last announced its earnings results on Tuesday, April 30th. The technology company reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. The firm had revenue of $215.83 million for the quarter, compared to analyst estimates of $212.32 million. Blackbaud had a net margin of 3.02% and a return on equity of 21.47%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 EPS. Equities analysts predict that Blackbaud, Inc. will post 1.28 earnings per share for the current fiscal year.
Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, individual change agents, and other charitable giving entities. The company offers fundraising and relationship management solutions and services, including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud Luminate CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, everydayhero, Blackbaud Peer-to-Peer Fundraising, and Blackbaud Guided Fundraising; and marketing and engagement solutions, such as Blackbaud Luminate Online, Blackbaud Online Express, Blackbaud NetCommunity, Blackbaud Attentive.ly, and Blackbaud School Website System.
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