Segall Bryant & Hamill LLC Buys 34,499 Shares of BlackLine $BL

Segall Bryant & Hamill LLC boosted its position in shares of BlackLine (NASDAQ:BL) by 11.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 338,959 shares of the technology company’s stock after buying an additional 34,499 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in BlackLine were worth $17,999,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BL. Aster Capital Management DIFC Ltd purchased a new position in shares of BlackLine during the 3rd quarter worth about $38,000. Andra AP fonden lifted its stake in BlackLine by 11.1% in the third quarter. Andra AP fonden now owns 99,446 shares of the technology company’s stock worth $5,281,000 after purchasing an additional 9,946 shares during the last quarter. MAI Capital Management boosted its position in shares of BlackLine by 10,000.0% during the third quarter. MAI Capital Management now owns 707 shares of the technology company’s stock valued at $38,000 after buying an additional 700 shares during the period. Granite Investment Partners LLC grew its stake in shares of BlackLine by 2.2% during the third quarter. Granite Investment Partners LLC now owns 97,416 shares of the technology company’s stock valued at $5,173,000 after buying an additional 2,068 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of BlackLine during the third quarter valued at approximately $524,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

BlackLine Price Performance

Shares of BL stock opened at $36.58 on Wednesday. BlackLine has a twelve month low of $31.75 and a twelve month high of $59.57. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 2.00. The stock has a fifty day simple moving average of $47.42 and a two-hundred day simple moving average of $52.01. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 91.45, a P/E/G ratio of 2.61 and a beta of 0.90.

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

Wall Street Analysts Forecast Growth

BL has been the subject of a number of research analyst reports. Piper Sandler raised BlackLine to a “hold” rating in a research note on Monday, February 2nd. DA Davidson decreased their target price on BlackLine from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Citizens Jmp reissued a “market outperform” rating and set a $70.00 target price on shares of BlackLine in a research note on Wednesday, February 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $68.00 price target on shares of BlackLine in a research note on Wednesday, February 11th. Finally, Robert W. Baird set a $50.00 price objective on shares of BlackLine in a report on Wednesday, February 11th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock 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.