Shares of Blackbaud, Inc. (NASDAQ:BLKB) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $79.85 and traded as high as $85.49. Blackbaud shares last traded at $85.34, with a volume of 3,776 shares changing hands.
Several research analysts have weighed in on the stock. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. DA Davidson increased their price target on shares of PVH to $150.00 and gave the company a “buy” rating in a report on Friday, March 29th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Stephens cut shares of Blackbaud from an “overweight” rating to an “equal weight” rating and set a $86.00 price target on the stock. in a report on Wednesday, April 3rd. Finally, Zacks Investment Research raised shares of Garrett Motion from a “sell” rating to a “hold” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $88.14.
The company has a market capitalization of $4.13 billion, a PE ratio of 45.72, a P/E/G ratio of 7.85 and a beta of 1.20. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.69 and a quick ratio of 0.69. The stock’s fifty day moving average price is $79.85.
Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.28 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. Blackbaud had a net margin of 3.02% and a return on equity of 21.47%. The firm had revenue of $215.83 million for the quarter, compared to analysts’ expectations of $212.32 million. During the same period in the prior year, the firm earned $0.66 EPS. The business’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts predict that Blackbaud, Inc. will post 1.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. Blackbaud’s payout ratio is presently 25.67%.
In other Blackbaud news, EVP Kevin W. Mooney sold 8,858 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $80.00, for a total transaction of $708,640.00. Following the transaction, the executive vice president now owns 92,901 shares in the company, valued at approximately $7,432,080. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Timothy C. K. Chou sold 400 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $76.98, for a total transaction of $30,792.00. Following the transaction, the director now owns 20,114 shares in the company, valued at approximately $1,548,375.72. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
Large investors have recently made changes to their positions in the business. First Hawaiian Bank grew its position in shares of Blackbaud by 54.5% during the 1st quarter. First Hawaiian Bank now owns 675 shares of the technology company’s stock worth $54,000 after purchasing an additional 238 shares in the last quarter. Smithfield Trust Co. boosted its position in shares of Blackbaud by 2,407.5% during the 1st quarter. Smithfield Trust Co. now owns 1,003 shares of the technology company’s stock worth $80,000 after acquiring an additional 963 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Blackbaud during the 1st quarter worth approximately $200,000. Evergreen Capital Management LLC acquired a new stake in shares of Blackbaud during the 1st quarter worth approximately $217,000. Finally, Piedmont Investment Advisors Inc. acquired a new stake in shares of Blackbaud during the 1st quarter worth approximately $220,000.
About Blackbaud (NASDAQ:BLKB)
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.
Further Reading: Economic Reports
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.