Blackbaud, Inc. (NASDAQ:BLKB) – DA Davidson decreased their Q1 2020 EPS estimates for shares of Blackbaud in a report issued on Wednesday, May 1st. DA Davidson analyst R. Jaluria now expects that the technology company will post earnings of $0.28 per share for the quarter, down from their prior estimate of $0.30. DA Davidson currently has a “Neutral” rating and a $75.00 target price on the stock.
A number of other analysts have also issued reports on the stock. BidaskClub lowered shares of Blackbaud from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. 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. Finally, Zacks Investment Research lowered shares of Blackbaud from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Blackbaud currently has a consensus rating of “Hold” and an average target price of $88.14.
Shares of NASDAQ:BLKB opened at $78.78 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.74 and a current ratio of 0.69. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 7.37 and a beta of 1.27. Blackbaud has a 1 year low of $58.23 and a 1 year high of $120.35.
Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.28 earnings per share (EPS) for the quarter, meeting the 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%. Blackbaud’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.61%. Blackbaud’s dividend payout ratio (DPR) is presently 25.67%.
In related news, CFO Anthony W. Boor sold 13,585 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $77.34, for a total transaction of $1,050,663.90. Following the sale, the chief financial officer now directly owns 120,863 shares in the company, valued at $9,347,544.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anthony W. Boor sold 9,606 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $77.82, for a total transaction of $747,538.92. Following the sale, the chief financial officer now owns 92,016 shares in the company, valued at $7,160,685.12. The disclosure for this sale can be found here. Insiders have sold 86,432 shares of company stock worth $6,661,485 over the last quarter. Insiders own 1.55% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama increased its stake in shares of Blackbaud by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 62,974 shares of the technology company’s stock worth $3,961,000 after buying an additional 188 shares during the period. First Hawaiian Bank increased its stake in shares of Blackbaud by 75.5% during the fourth quarter. First Hawaiian Bank now owns 437 shares of the technology company’s stock worth $27,000 after buying an additional 188 shares during the period. Campbell Newman Asset Management Inc. increased its stake in shares of Blackbaud by 2.4% during the first quarter. Campbell Newman Asset Management Inc. now owns 8,560 shares of the technology company’s stock worth $682,000 after buying an additional 204 shares during the period. Bank of Montreal Can increased its stake in shares of Blackbaud by 1.4% during the first quarter. Bank of Montreal Can now owns 15,283 shares of the technology company’s stock worth $1,219,000 after buying an additional 215 shares during the period. Finally, Flinton Capital Management LLC increased its stake in shares of Blackbaud by 5.4% during the fourth quarter. Flinton Capital Management LLC now owns 4,400 shares of the technology company’s stock worth $277,000 after buying an additional 224 shares during the period.
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.
Featured Story: What is an overbought condition?
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.com's FREE daily email newsletter.