Inspire Investing LLC Has $402,000 Holdings in Blackbaud, Inc. (NASDAQ:BLKB)

Inspire Investing LLC lifted its position in Blackbaud, Inc. (NASDAQ:BLKB) by 11.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,445 shares of the technology company’s stock after acquiring an additional 566 shares during the quarter. Inspire Investing LLC’s holdings in Blackbaud were worth $402,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLKB. TD Private Client Wealth LLC lifted its holdings in shares of Blackbaud by 42.0% in the third quarter. TD Private Client Wealth LLC now owns 1,174 shares of the technology company’s stock valued at $99,000 after purchasing an additional 347 shares in the last quarter. Blue Trust Inc. lifted its stake in Blackbaud by 190.4% in the 3rd quarter. Blue Trust Inc. now owns 1,597 shares of the technology company’s stock worth $135,000 after acquiring an additional 1,047 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Blackbaud during the 3rd quarter worth about $142,000. Heritage Family Offices LLP grew its stake in Blackbaud by 5.9% during the 4th quarter. Heritage Family Offices LLP now owns 2,985 shares of the technology company’s stock valued at $221,000 after acquiring an additional 166 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Blackbaud in the 3rd quarter valued at about $294,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

BLKB has been the subject of a number of research analyst reports. Raymond James cut their target price on shares of Blackbaud from $98.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. Baird R W cut Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird lowered Blackbaud from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $92.00 to $80.00 in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Blackbaud presently has an average rating of “Hold” and an average price target of $86.67.

Blackbaud Stock Up 0.0 %

BLKB stock opened at $76.26 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.79. The firm has a market cap of $3.76 billion, a PE ratio of 74.77 and a beta of 1.08. Blackbaud, Inc. has a 1 year low of $66.47 and a 1 year high of $88.95. The company has a fifty day simple moving average of $78.65 and a 200 day simple moving average of $80.36.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.08). Blackbaud had a net margin of 4.61% and a return on equity of 20.34%. The company had revenue of $286.70 million for the quarter, compared to analyst estimates of $293.74 million. During the same period in the prior year, the company posted $0.65 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Sell-side analysts anticipate that Blackbaud, Inc. will post 2.6 EPS for the current fiscal year.

Insider Activity

In other news, CFO Anthony W. Boor sold 10,000 shares of Blackbaud stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $84.85, for a total value of $848,500.00. Following the transaction, the chief financial officer now directly owns 140,262 shares in the company, valued at approximately $11,901,230.70. The trade was a 6.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael P. Gianoni sold 9,479 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $88.13, for a total value of $835,384.27. Following the sale, the chief executive officer now owns 344,079 shares of the company’s stock, valued at approximately $30,323,682.27. The trade was a 2.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,923 shares of company stock valued at $3,737,450 over the last 90 days. 1.95% of the stock is currently owned by company insiders.

Blackbaud Company Profile

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.