Blackbaud (BLKB) Earning Somewhat Positive News Coverage, Study Shows
Media stories about Blackbaud (NASDAQ:BLKB) have been trending somewhat positive on Sunday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blackbaud earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.0318046002286 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Blackbaud, Inc. (BLKB) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Blackbaud Reaches Analyst Target Price (nasdaq.com)
- Blackbaud Announces Date of Third Quarter 2017 Financial Results (finance.yahoo.com)
- Citrix Systems (CTXS) versus Blackbaud (BLKB) Head-To-Head Review (americanbankingnews.com)
Blackbaud (BLKB) opened at 90.71 on Friday. The stock has a market cap of $4.23 billion, a PE ratio of 87.31 and a beta of 0.84. The stock has a 50 day moving average price of $85.87 and a 200-day moving average price of $84.38. Blackbaud has a one year low of $55.88 and a one year high of $93.81.
Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings results on Monday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.12). The company had revenue of $192.50 million during the quarter, compared to analysts’ expectations of $193.66 million. Blackbaud had a net margin of 6.46% and a return on equity of 30.88%. Blackbaud’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share. Equities research analysts expect that Blackbaud will post $2.13 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Monday, August 28th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. Blackbaud’s dividend payout ratio (DPR) is presently 47.06%.
Several research firms have weighed in on BLKB. Benchmark Co. cut their price target on Blackbaud from $100.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, June 27th. B. Riley reiterated a “neutral” rating and issued a $78.00 target price on shares of Blackbaud in a report on Monday, August 28th. Zacks Investment Research upgraded Blackbaud from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $96.00 target price on shares of Blackbaud in a report on Friday, July 21st. Finally, Robert W. Baird set a $85.00 target price on Blackbaud and gave the stock a “hold” rating in a report on Sunday, October 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $85.25.
In related news, insider Michael P. Gianoni sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $87.77, for a total value of $351,080.00. Following the completion of the transaction, the insider now directly owns 258,921 shares in the company, valued at $22,725,496.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sarah E. Nash sold 1,105 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $84.78, for a total value of $93,681.90. Following the completion of the transaction, the director now owns 22,272 shares of the company’s stock, valued at $1,888,220.16. The disclosure for this sale can be found here. Insiders sold 20,752 shares of company stock valued at $1,771,517 over the last 90 days. Company insiders own 2.19% of the company’s stock.
Blackbaud Company Profile
Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).
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