BlackLine $BL Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its stake in shares of BlackLine (NASDAQ:BL) by 634.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,232 shares of the technology company’s stock after purchasing an additional 90,049 shares during the quarter. WINTON GROUP Ltd’s holdings in BlackLine were worth $5,535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BL. Dimensional Fund Advisors LP grew its position in BlackLine by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 858,135 shares of the technology company’s stock worth $45,566,000 after buying an additional 4,708 shares during the last quarter. Schwartz Investment Counsel Inc. increased its stake in shares of BlackLine by 16.9% in the third quarter. Schwartz Investment Counsel Inc. now owns 690,000 shares of the technology company’s stock worth $36,639,000 after acquiring an additional 100,000 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in shares of BlackLine by 2,460.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 520,325 shares of the technology company’s stock worth $29,461,000 after purchasing an additional 500,000 shares in the last quarter. First Trust Advisors LP lifted its stake in BlackLine by 5.5% in the third quarter. First Trust Advisors LP now owns 513,891 shares of the technology company’s stock valued at $27,288,000 after acquiring an additional 26,699 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of BlackLine by 10.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 482,790 shares of the technology company’s stock valued at $27,336,000 after purchasing an additional 47,469 shares during the last quarter. 95.13% of the stock is owned by institutional investors.

BlackLine Stock Down 0.6%

Shares of BL stock opened at $37.14 on Tuesday. The firm has a fifty day moving average of $45.80 and a 200-day moving average of $51.59. BlackLine has a 12-month low of $31.75 and a 12-month high of $59.57. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 92.85, a P/E/G ratio of 2.71 and a beta of 0.91. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.00.

BlackLine (NASDAQ:BL) last announced its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. BlackLine had a return on equity of 18.14% and a net margin of 3.50%.The company had revenue of $183.18 million for the quarter, compared to analysts’ expectations of $182.98 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. As a group, equities research analysts predict that BlackLine will post 0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on BL shares. Wall Street Zen upgraded shares of BlackLine from a “hold” rating to a “buy” rating in a report on Saturday. Robert W. Baird set a $50.00 target price on BlackLine in a research note on Wednesday, February 11th. Rosenblatt Securities restated a “buy” rating and set a $62.00 price target on shares of BlackLine in a research note on Wednesday, February 11th. Weiss Ratings reissued a “hold (c)” rating on shares of BlackLine in a report on Monday, December 29th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $68.00 target price on shares of BlackLine in a research note on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.00.

About BlackLine

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.