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SG Americas Securities LLC increased its position in shares of Blackbaud, Inc. (NASDAQ:BLKB – Get Rating) by 43.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,397 shares of the technology company’s stock after acquiring an additional 10,451 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Blackbaud worth $1,516,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. State of Michigan Retirement System grew its holdings in Blackbaud by 1.8% during the second quarter. State of Michigan Retirement System now owns 11,548 shares of the technology company’s stock worth $671,000 after acquiring an additional 200 shares during the period. SQN Investors LP acquired a new position in shares of Blackbaud in the 2nd quarter valued at $559,000. Texas Permanent School Fund boosted its position in shares of Blackbaud by 2.8% in the 2nd quarter. Texas Permanent School Fund now owns 32,586 shares of the technology company’s stock valued at $1,892,000 after purchasing an additional 891 shares during the period. Becker Capital Management Inc. boosted its position in shares of Blackbaud by 1.3% in the 2nd quarter. Becker Capital Management Inc. now owns 347,288 shares of the technology company’s stock valued at $20,167,000 after purchasing an additional 4,382 shares during the period. Finally, Grandfield & Dodd LLC boosted its position in shares of Blackbaud by 8.3% in the 2nd quarter. Grandfield & Dodd LLC now owns 151,535 shares of the technology company’s stock valued at $8,800,000 after purchasing an additional 11,635 shares during the period. 97.39% of the stock is owned by institutional investors and hedge funds.
Blackbaud Stock Down 0.6 %
Shares of Blackbaud stock opened at $61.43 on Monday. The stock has a 50-day simple moving average of $58.64 and a 200-day simple moving average of $55.42. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.63 and a quick ratio of 0.63. Blackbaud, Inc. has a 52-week low of $43.54 and a 52-week high of $77.90. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of -99.08, a P/E/G ratio of 8.74 and a beta of 1.09.
Blackbaud (NASDAQ:BLKB – Get Rating) last issued its quarterly earnings data on Tuesday, November 1st. The technology company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. Blackbaud had a positive return on equity of 6.95% and a negative net margin of 3.03%. The business had revenue of $261.30 million for the quarter, compared to the consensus estimate of $261.38 million. On average, equities research analysts expect that Blackbaud, Inc. will post 0.86 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently weighed in on BLKB shares. TheStreet upgraded Blackbaud from a “d+” rating to a “c-” rating in a research report on Friday, December 2nd. StockNews.com assumed coverage on Blackbaud in a research report on Wednesday, October 12th. They set a “hold” rating for the company.
Insider Activity at Blackbaud
In related news, COO Kevin P. Gregoire sold 1,023 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $58.78, for a total value of $60,131.94. Following the transaction, the chief operating officer now directly owns 97,358 shares of the company’s stock, valued at approximately $5,722,703.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by company insiders.
About Blackbaud
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Blackbaud, Inc provides cloud software solutions to higher education institutions, K-12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies, and individual change agents in the United States and internationally. The company offers fundraising and relationship management solutions, such as Blackbaud Raiser's Edge NXT and Blackbaud CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, JustGiving, and Blackbaud Guided Fundraising and Blackbaud Volunteer Network Fundraising; marketing and engagement solutions, including Blackbaud Luminate Online, Blackbaud Online Express, and Blackbaud School Website System; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid Management.
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Want to see what other hedge funds are holding BLKB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackbaud, Inc. (NASDAQ:BLKB – Get Rating).
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