Greenwood Capital Associates LLC Grows Stock Position in Blackbaud, Inc. (NASDAQ:BLKB)

Greenwood Capital Associates LLC boosted its stake in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 26.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,519 shares of the technology company’s stock after acquiring an additional 1,581 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Blackbaud were worth $652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in shares of Blackbaud by 1.2% in the third quarter. Public Employees Retirement System of Ohio now owns 93,391 shares of the technology company’s stock valued at $6,567,000 after acquiring an additional 1,103 shares during the period. American Century Companies Inc. increased its holdings in Blackbaud by 499.1% during the 3rd quarter. American Century Companies Inc. now owns 308,034 shares of the technology company’s stock valued at $21,661,000 after purchasing an additional 256,619 shares during the period. Nordea Investment Management AB raised its position in Blackbaud by 16.2% during the 3rd quarter. Nordea Investment Management AB now owns 74,990 shares of the technology company’s stock valued at $5,325,000 after purchasing an additional 10,473 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Blackbaud by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,550,857 shares of the technology company’s stock worth $390,336,000 after buying an additional 70,115 shares during the period. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of Blackbaud by 217.7% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 24,935 shares of the technology company’s stock worth $2,162,000 after buying an additional 17,086 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Blackbaud Stock Down 0.5 %

BLKB traded down $0.39 on Friday, hitting $76.20. The company had a trading volume of 257,616 shares, compared to its average volume of 207,525. The stock has a fifty day simple moving average of $77.65 and a 200-day simple moving average of $78.09. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $3.93 billion, a P/E ratio of 185.86 and a beta of 1.03. Blackbaud, Inc. has a 52-week low of $64.32 and a 52-week high of $88.56.

Blackbaud (NASDAQ:BLKB) last announced its earnings results on Tuesday, April 30th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. Blackbaud had a return on equity of 16.66% and a net margin of 1.94%. The firm had revenue of $279.25 million during the quarter, compared to analyst estimates of $282.22 million. As a group, equities analysts expect that Blackbaud, Inc. will post 2.27 EPS for the current fiscal year.

Insider Buying and Selling at Blackbaud

In related news, CFO Anthony W. Boor sold 3,100 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $79.48, for a total transaction of $246,388.00. Following the sale, the chief financial officer now owns 158,268 shares of the company’s stock, valued at $12,579,140.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Anthony W. Boor sold 3,100 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $79.48, for a total transaction of $246,388.00. Following the completion of the transaction, the chief financial officer now owns 158,268 shares of the company’s stock, valued at approximately $12,579,140.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David J. Benjamin sold 1,768 shares of Blackbaud stock in a transaction 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 transaction, the executive vice president now owns 57,739 shares of the company’s stock, valued at approximately $4,474,772.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,468 shares of company stock valued at $2,858,894. 1.95% of the stock is currently owned by company insiders.

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.