Kevin W. Mooney Sells 4,319 Shares of Blackbaud Inc. (BLKB) Stock
Blackbaud Inc. (NASDAQ:BLKB) EVP Kevin W. Mooney sold 4,319 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $60.85, for a total transaction of $262,811.15. Following the sale, the executive vice president now owns 72,797 shares in the company, valued at $4,429,697.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Blackbaud Inc. (NASDAQ:BLKB) opened at 63.73 on Friday. The firm has a market capitalization of $2.94 billion, a P/E ratio of 98.05 and a beta of 0.96. Blackbaud Inc. has a one year low of $49.89 and a one year high of $71.76. The company has a 50-day moving average price of $63.75 and a 200-day moving average price of $65.23.
Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.06. The firm earned $183.10 million during the quarter, compared to analysts’ expectations of $184.68 million. Blackbaud had a return on equity of 27.58% and a net margin of 3.97%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 earnings per share. On average, equities research analysts anticipate that Blackbaud Inc. will post $1.90 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 23rd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.75%. Blackbaud’s dividend payout ratio (DPR) is 78.69%.
A number of analysts have issued reports on the stock. B. Riley reiterated a “buy” rating and set a $75.00 price target on shares of Blackbaud in a research note on Tuesday. Zacks Investment Research upgraded shares of Blackbaud from a “strong sell” rating to a “hold” rating in a research note on Monday. JMP Securities assumed coverage on shares of Blackbaud in a research note on Thursday, October 13th. They set an “outperform” rating on the stock. Wunderlich boosted their price target on shares of Blackbaud from $69.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Finally, Off Wall Street began coverage on shares of Blackbaud in a research note on Wednesday, July 27th. They set a “sell” rating and a $50.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $70.70.
Several institutional investors have recently added to or reduced their stakes in BLKB. LS Investment Advisors LLC increased its position in Blackbaud by 3.6% in the second quarter. LS Investment Advisors LLC now owns 1,696 shares of the company’s stock worth $115,000 after buying an additional 59 shares during the period. Tower Research Capital LLC TRC increased its position in Blackbaud by 2,651.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,816 shares of the company’s stock worth $124,000 after buying an additional 1,750 shares during the period. Invictus RG increased its position in Blackbaud by 264.9% in the first quarter. Invictus RG now owns 1,912 shares of the company’s stock worth $120,000 after buying an additional 1,388 shares during the period. Martingale Asset Management L P purchased a new position in Blackbaud during the second quarter worth approximately $211,000. Finally, World Asset Management Inc purchased a new position in Blackbaud during the third quarter worth approximately $210,000.
Blackbaud Company Profile
Blackbaud, Inc is a provider of software and services for the global philanthropic community. The Company’s segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU). The GMBU is focused on marketing, sales, delivery and support to all emerging and mid-sized prospects and customers in North America.
Receive News & Stock Ratings for Blackbaud Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackbaud Inc. and related stocks with our FREE daily email newsletter.