24,696 Shares in Blackbaud, Inc. $BLKB Acquired by First National Bank of Omaha

First National Bank of Omaha acquired a new position in shares of Blackbaud, Inc. (NASDAQ:BLKB) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 24,696 shares of the technology company’s stock, valued at approximately $731,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS Group AG boosted its stake in Blackbaud by 35.0% in the 4th quarter. UBS Group AG now owns 164,128 shares of the technology company’s stock worth $10,393,000 after purchasing an additional 42,521 shares during the period. Van Berkom & Associates Inc. lifted its stake in Blackbaud by 16.7% in the 4th quarter. Van Berkom & Associates Inc. now owns 779,935 shares of the technology company’s stock worth $49,385,000 after acquiring an additional 111,388 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Blackbaud by 143,409.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock worth $139,759,000 after acquiring an additional 2,205,641 shares in the last quarter. Wedge Capital Management L L P NC lifted 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. Finally, Renaissance Technologies LLC acquired a new stake in Blackbaud during the 1st quarter worth about $1,351,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Blackbaud

In other news, EVP Kevin P. Gregoire sold 22,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $45.50, for a total transaction of $1,001,000.00. Following the completion of the sale, the executive vice president owned 113,194 shares in the company, valued at approximately $5,150,327. This represents a 16.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Chad Anderson sold 6,205 shares of the 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.01% of the stock is owned by insiders.

Analyst Ratings Changes

BLKB has been the topic of a number of research reports. Robert W. Baird set a $54.00 target price on Blackbaud in a report on Thursday, July 30th. Raymond James Financial restated an “outperform” rating and set a $55.00 price target on shares of Blackbaud in a report on Wednesday, July 29th. Stifel Nicolaus cut their price target on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Finally, Weiss Ratings raised Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.50.

Blackbaud Stock Up 4.1%

Blackbaud stock opened at $46.16 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 16.82. Blackbaud, Inc. has a 1-year low of $25.58 and a 1-year high of $70.71. The firm’s fifty day simple moving average is $34.54 and its 200-day simple moving average is $37.96. The company has a market capitalization of $2.10 billion, a P/E ratio of 14.42, a P/E/G ratio of 1.52 and a beta of 0.97.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. The firm had revenue of $290.60 million during the quarter, compared to analysts’ expectations of $292.23 million. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. Blackbaud’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Sell-side analysts forecast that Blackbaud, Inc. will post 3.71 earnings per share for the current fiscal year.

Blackbaud 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.