Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 24.6% in the first quarter, Holdings Channel reports. The fund owned 20,115 shares of the technology company’s stock after purchasing an additional 3,965 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Blackbaud were worth $1,604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BLKB. FMR LLC purchased a new position in shares of Blackbaud during the 3rd quarter worth about $129,000. Jane Street Group LLC acquired a new stake in shares of Blackbaud in the third quarter valued at approximately $203,000. Teachers Advisors LLC lifted its position in shares of Blackbaud by 1.9% in the third quarter. Teachers Advisors LLC now owns 109,488 shares of the technology company’s stock valued at $11,111,000 after buying an additional 2,059 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Blackbaud by 44.8% in the third quarter. Nordea Investment Management AB now owns 45,748 shares of the technology company’s stock valued at $4,643,000 after buying an additional 14,147 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Blackbaud by 2.3% in the third quarter. Vanguard Group Inc. now owns 4,493,319 shares of the technology company’s stock valued at $455,982,000 after buying an additional 99,637 shares during the last quarter.

NASDAQ BLKB traded up $1.66 during trading on Tuesday, hitting $80.68. 3,220 shares of the company’s stock traded hands, compared to its average volume of 305,745. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.02. Blackbaud, Inc. has a 12-month low of $58.23 and a 12-month high of $120.35. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 43.04, a PEG ratio of 7.45 and a beta of 1.31.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Wednesday, February 6th. The technology company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.10. The company had revenue of $221.79 million during the quarter, compared to analyst estimates of $220.40 million. Blackbaud had a net margin of 5.28% and a return on equity of 24.41%. Blackbaud’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. Equities analysts expect that Blackbaud, Inc. will post 1.27 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on BLKB shares. BidaskClub raised Blackbaud from a “hold” rating to a “buy” rating in a report on Friday, March 29th. DA Davidson upped their price target on shares of Blackbaud to $75.00 and gave the company a “neutral” rating in a research report on Friday, March 29th. Stephens lowered shares of Blackbaud from an “overweight” rating to an “equal weight” rating and set a $86.00 price target for the company. in a research report on Wednesday, April 3rd. Finally, Zacks Investment Research upgraded shares of Blackbaud from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. Blackbaud presently has an average rating of “Hold” and an average target price of $88.63.

In other news, insider Michael P. Gianoni sold 30,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $76.35, for a total transaction of $2,290,500.00. Following the completion of the sale, the insider now directly owns 276,614 shares in the company, valued at $21,119,478.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Anthony W. Boor sold 9,606 shares of the stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $77.82, for a total transaction of $747,538.92. Following the sale, the chief financial officer now owns 92,016 shares of the company’s stock, valued at $7,160,685.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,432 shares of company stock valued at $6,661,485. 1.55% of the stock is currently owned by company insiders.

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Blackbaud Profile

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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Institutional Ownership by Quarter for Blackbaud (NASDAQ:BLKB)

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