Dupont Capital Management Corp purchased a new stake in shares of Blackbaud, Inc. (NASDAQ:BLKB) during the 1st quarter, HoldingsChannel reports. The fund purchased 5,187 shares of the technology company’s stock, valued at approximately $414,000.
Several other hedge have also recently added to or reduced their stakes in BLKB. First Hawaiian Bank lifted its holdings in shares of Blackbaud by 75.5% during the 4th quarter. First Hawaiian Bank now owns 437 shares of the technology company’s stock valued at $27,000 after buying an additional 188 shares during the period. FMR LLC bought a new position in Blackbaud in the 3rd quarter worth $129,000. Quantamental Technologies LLC bought a new position in Blackbaud in the 1st quarter worth $200,000. Brookstone Capital Management raised its holdings in Blackbaud by 18.3% in the 4th quarter. Brookstone Capital Management now owns 3,217 shares of the technology company’s stock worth $202,000 after purchasing an additional 497 shares during the period. Finally, Jane Street Group LLC bought a new position in Blackbaud in the 3rd quarter worth $203,000.
Get Blackbaud alerts: In other Blackbaud news, CFO Anthony W. Boor sold 13,585 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $77.34, for a total value of $1,050,663.90. Following the completion of the sale, the chief financial officer now owns 120,863 shares in the company, valued at approximately $9,347,544.42. The sale was disclosed in a document filed available at this link . Also, CFO Anthony W. Boor sold 9,606 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $77.82, for a total value of $747,538.92. Following the completion of the sale, the chief financial officer now owns 92,016 shares of the company’s stock, valued at approximately $7,160,685.12. The disclosure for this sale can be found here . Insiders sold a total of 86,432 shares of company stock valued at $6,661,485 in the last quarter. 1.55% of the stock is currently owned by company insiders.
Shares of Blackbaud stock opened at $80.44 on Monday. Blackbaud, Inc. has a one year low of $58.23 and a one year high of $120.35. The firm has a market capitalization of $3.91 billion, a P/E ratio of 43.02, a P/E/G ratio of 7.42 and a beta of 1.27. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 1.58.
Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. Blackbaud had a return on equity of 21.47% and a net margin of 3.02%. The business had revenue of $215.83 million during the quarter, compared to analyst estimates of $212.32 million. During the same quarter in the prior year, the business posted $0.66 EPS. Blackbaud’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, analysts forecast that Blackbaud, Inc. will post 1.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be paid a $0.12 dividend. The ex-dividend date is Friday, May 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.60%. Blackbaud’s payout ratio is presently 25.67%.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Blackbaud from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub cut Blackbaud from a “buy” rating to a “hold” rating in a report on Friday, April 19th. Stephens cut Blackbaud from an “overweight” rating to an “equal weight” rating and set a $86.00 target price on the stock. in a report on Wednesday, April 3rd. Finally, DA Davidson raised their target price on Blackbaud to $75.00 and gave the stock a “neutral” rating in a report on Friday, March 29th. One research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $88.14.
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Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, individual change agents, and other charitable giving entities. The company offers fundraising and relationship management solutions and services, including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud Luminate CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, everydayhero, Blackbaud Peer-to-Peer Fundraising, and Blackbaud Guided Fundraising; and marketing and engagement solutions, such as Blackbaud Luminate Online, Blackbaud Online Express, Blackbaud NetCommunity, Blackbaud Attentive.ly, and Blackbaud School Website System.
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