Blackbaud, Inc. $BLKB Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in Blackbaud, Inc. (NASDAQ:BLKB) by 270.5% during the first quarter, HoldingsChannel reports. The firm owned 75,636 shares of the technology company’s stock after buying an additional 55,220 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Blackbaud were worth $2,920,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BLKB. Blue Trust Inc. grew its holdings in shares of Blackbaud by 44.3% during the first quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock worth $33,000 after buying an additional 266 shares during the last quarter. Rothschild Investment LLC raised its stake in Blackbaud by 589.0% during the 4th quarter. Rothschild Investment LLC now owns 565 shares of the technology company’s stock valued at $36,000 after acquiring an additional 483 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Blackbaud by 4,300.0% during the fourth quarter. TD Private Client Wealth LLC now owns 616 shares of the technology company’s stock worth $39,000 after purchasing an additional 602 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Blackbaud by 380.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 615 shares of the technology company’s stock worth $39,000 after purchasing an additional 487 shares during the period. Finally, Quarry LP purchased a new position in Blackbaud in the 3rd quarter valued at $46,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Chad Anderson sold 6,205 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $31.31, for a total value of $194,278.55. Following the sale, the chief financial officer directly owned 62,869 shares in the company, valued at $1,968,428.39. The trade was a 8.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.97% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BLKB shares. Stifel Nicolaus cut their price objective on shares of Blackbaud from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Zacks Research downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Robert W. Baird raised shares of Blackbaud from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $60.00 to $50.00 in a report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $52.50.

Blackbaud Stock Performance

NASDAQ BLKB opened at $30.14 on Wednesday. Blackbaud, Inc. has a 1-year low of $25.58 and a 1-year high of $74.88. The company has a market capitalization of $1.38 billion, a P/E ratio of 10.22, a PEG ratio of 1.04 and a beta of 1.01. The business has a 50 day moving average price of $30.63 and a 200 day moving average price of $42.67. The company has a debt-to-equity ratio of 33.66, a current ratio of 0.74 and a quick ratio of 0.74.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Wednesday, April 29th. The technology company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $281.14 million for the quarter, compared to the consensus estimate of $279.81 million. Blackbaud had a return on equity of 176.76% and a net margin of 12.41%.Blackbaud’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Sell-side analysts expect that Blackbaud, Inc. will post 3.57 EPS for the current fiscal year.

Blackbaud Company Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.