Blackbaud, Inc. (NASDAQ:BLKB) Stock Position Lifted by EntryPoint Capital LLC

EntryPoint Capital LLC boosted its stake in Blackbaud, Inc. (NASDAQ:BLKB) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,118 shares of the technology company’s stock after buying an additional 437 shares during the quarter. EntryPoint Capital LLC’s holdings in Blackbaud were worth $378,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Xponance Inc. raised its holdings in shares of Blackbaud by 2.4% during the fourth quarter. Xponance Inc. now owns 5,638 shares of the technology company’s stock worth $417,000 after acquiring an additional 130 shares in the last quarter. Heritage Family Offices LLP raised its stake in shares of Blackbaud by 5.9% during the 4th quarter. Heritage Family Offices LLP now owns 2,985 shares of the technology company’s stock worth $221,000 after purchasing an additional 166 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Blackbaud by 3.7% during the 4th quarter. Brookstone Capital Management now owns 7,612 shares of the technology company’s stock valued at $563,000 after buying an additional 275 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Blackbaud by 20.9% in the 4th quarter. Blue Trust Inc. now owns 1,930 shares of the technology company’s stock valued at $143,000 after buying an additional 333 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in Blackbaud by 42.0% in the third quarter. TD Private Client Wealth LLC now owns 1,174 shares of the technology company’s stock worth $99,000 after buying an additional 347 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased their target price on shares of Blackbaud from $80.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $85.33.

Blackbaud Stock Up 0.3 %

Shares of BLKB stock opened at $62.31 on Thursday. The stock’s 50 day simple moving average is $71.22 and its 200 day simple moving average is $77.77. Blackbaud, Inc. has a twelve month low of $61.23 and a twelve month high of $88.95. The company has a debt-to-equity ratio of 7.40, a quick ratio of 0.68 and a current ratio of 0.78. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of -10.56 and a beta of 1.08.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.50). The firm had revenue of $302.23 million during the quarter, compared to analyst estimates of $303.41 million. Blackbaud had a positive return on equity of 26.30% and a negative net margin of 24.83%. As a group, research analysts predict that Blackbaud, Inc. will post 3.05 EPS for the current year.

About Blackbaud

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.