Blackbaud (NASDAQ:BLKB) Given New $30.00 Price Target at Stifel Nicolaus

Blackbaud (NASDAQ:BLKB) had its price target decreased by Stifel Nicolaus from $45.00 to $30.00 in a report published on Friday, Marketbeat Ratings reports. Stifel Nicolaus currently has a hold rating on the technology company’s stock.

A number of other analysts have also weighed in on the stock. Zacks Research lowered shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Robert W. Baird upgraded Blackbaud from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $60.00 to $50.00 in a research report on Thursday, April 30th. Finally, Weiss Ratings raised Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. One investment 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 an average rating of “Hold” and a consensus price target of $48.75.

Blackbaud Trading Up 1.2%

BLKB stock traded up $0.35 during mid-day trading on Friday, reaching $29.59. 482,090 shares of the stock traded hands, compared to its average volume of 964,899. The company has a debt-to-equity ratio of 33.66, a quick ratio of 0.74 and a current ratio of 0.74. Blackbaud has a one year low of $25.58 and a one year high of $74.88. The stock has a market capitalization of $1.36 billion, a PE ratio of 10.03, a PEG ratio of 1.04 and a beta of 1.01. The business has a 50-day moving average price of $30.11 and a two-hundred day moving average price of $42.09.

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

Insider Activity at Blackbaud

In other news, CFO Chad Anderson sold 6,205 shares of the company’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 transaction, the chief financial officer directly owned 62,869 shares in the company, valued at approximately $1,968,428.39. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.97% of the company’s stock.

Institutional Investors Weigh In On Blackbaud

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC grew its stake in Blackbaud by 117.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 101,975 shares of the technology company’s stock worth $3,020,000 after acquiring an additional 54,997 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Blackbaud by 127.6% during the second quarter. GAMMA Investing LLC now owns 2,226 shares of the technology company’s stock valued at $66,000 after acquiring an additional 1,248 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Blackbaud by 1,147.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,360 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,251 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Blackbaud by 243.9% in the second quarter. Versant Capital Management Inc now owns 1,286 shares of the technology company’s stock valued at $38,000 after purchasing an additional 912 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of Blackbaud by 2,958.2% in the first quarter. Pacer Advisors Inc. now owns 187,557 shares of the technology company’s stock valued at $7,242,000 after purchasing an additional 181,424 shares during the period. Institutional investors own 94.21% of the company’s stock.

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.