Joyce Nelson Sells 1,000 Shares of Blackbaud Inc. (BLKB) Stock
Blackbaud Inc. (NASDAQ:BLKB) Director Joyce Nelson sold 1,000 shares of Blackbaud stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $64.69, for a total transaction of $64,690.00. Following the transaction, the director now owns 14,254 shares in the company, valued at approximately $922,091.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Joyce Nelson also recently made the following trade(s):
- On Tuesday, August 23rd, Joyce Nelson sold 600 shares of Blackbaud stock. The stock was sold at an average price of $68.11, for a total transaction of $40,866.00.
Blackbaud Inc. (NASDAQ:BLKB) traded down 0.57% during mid-day trading on Friday, hitting $64.78. 34,983 shares of the stock were exchanged. Blackbaud Inc. has a 52-week low of $49.89 and a 52-week high of $71.76. The stock has a market cap of $2.99 billion, a PE ratio of 99.66 and a beta of 0.96. The stock’s 50 day moving average is $63.65 and its 200 day moving average is $65.30.
Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.06. The company had revenue of $183.10 million for the quarter, compared to analysts’ expectations of $184.68 million. Blackbaud had a net margin of 3.97% and a return on equity of 27.58%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. Analysts forecast that Blackbaud Inc. will post $1.90 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 23rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Monday, November 21st. Blackbaud’s dividend payout ratio is currently 78.69%.
Several brokerages have recently weighed in on BLKB. B. Riley reiterated a “buy” rating and set a $75.00 price target on shares of Blackbaud in a research note on Tuesday, November 8th. Zacks Investment Research upgraded shares of Blackbaud from a “strong sell” rating to a “hold” rating in a research note on Monday, November 7th. JMP Securities initiated coverage on shares of Blackbaud in a research note on Thursday, October 13th. They set an “outperform” rating on the stock. Wunderlich lifted their target price on shares of Blackbaud from $69.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Finally, Off Wall Street initiated coverage on shares of Blackbaud in a research note on Wednesday, July 27th. They set a “sell” rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $70.70.
Institutional investors have recently bought and sold shares of the company. 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 valued at $115,000 after buying an additional 59 shares in the last quarter. 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 valued at $120,000 after buying an additional 1,388 shares in the last quarter. 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 valued at $124,000 after buying an additional 1,750 shares in the last quarter. BlackRock Inc. increased its position in Blackbaud by 49.0% in the first quarter. BlackRock Inc. now owns 3,197 shares of the company’s stock valued at $201,000 after buying an additional 1,052 shares in the last quarter. Finally, World Asset Management Inc acquired a new position in Blackbaud during the third quarter valued at $210,000.
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.
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