Anthony W. Boor Sells 3,100 Shares of Blackbaud, Inc. (NASDAQ:BLKB) Stock

Blackbaud, Inc. (NASDAQ:BLKB) CFO Anthony W. Boor sold 3,100 shares of Blackbaud stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $79.48, for a total value of $246,388.00. Following the completion of the sale, the chief financial officer now directly owns 158,268 shares of the company’s stock, valued at $12,579,140.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Blackbaud Stock Performance

BLKB stock opened at $77.52 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.94. Blackbaud, Inc. has a twelve month low of $64.32 and a twelve month high of $88.56. The business’s fifty day moving average is $72.67 and its 200-day moving average is $76.01. The company has a market cap of $4.14 billion, a P/E ratio of 2,584.00, a price-to-earnings-growth ratio of 3.43 and a beta of 1.04.

Blackbaud (NASDAQ:BLKB) last released its earnings results on Tuesday, February 13th. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.09. Blackbaud had a return on equity of 14.59% and a net margin of 0.16%. The firm had revenue of $295.01 million for the quarter, compared to analyst estimates of $299.04 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts forecast that Blackbaud, Inc. will post 2.35 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Operose Advisors LLC acquired a new stake in Blackbaud in the third quarter worth $25,000. Russell Investments Group Ltd. bought a new stake in shares of Blackbaud in the 1st quarter valued at $35,000. FSC Wealth Advisors LLC acquired a new stake in Blackbaud during the 3rd quarter worth $40,000. GAMMA Investing LLC bought a new position in Blackbaud during the fourth quarter worth about $64,000. Finally, Parallel Advisors LLC grew its stake in Blackbaud by 303.3% in the fourth quarter. Parallel Advisors LLC now owns 734 shares of the technology company’s stock valued at $64,000 after acquiring an additional 552 shares during the period. Institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

BLKB has been the subject of a number of research reports. StockNews.com upgraded Blackbaud from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Robert W. Baird lowered their price target on shares of Blackbaud from $95.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th.

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.