Equities analysts predict that Blackbaud, Inc. (NASDAQ:BLKB) will announce $0.50 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Blackbaud’s earnings, with estimates ranging from $0.49 to $0.51. Blackbaud posted earnings of $0.59 per share in the same quarter last year, which suggests a negative year over year growth rate of 15.3%. The company is scheduled to issue its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that Blackbaud will report full year earnings of $2.22 per share for the current year, with EPS estimates ranging from $2.18 to $2.26. For the next financial year, analysts anticipate that the business will post earnings of $2.41 per share, with EPS estimates ranging from $2.08 to $2.52. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Blackbaud.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.37. Blackbaud had a return on equity of 20.51% and a net margin of 3.04%. The firm had revenue of $226.40 million for the quarter, compared to analysts’ expectations of $223.53 million. During the same period in the prior year, the firm posted $0.69 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis.

BLKB has been the topic of a number of recent analyst reports. ValuEngine upgraded Blackbaud from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. BidaskClub upgraded Blackbaud from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Bank of America reiterated an “underperform” rating and issued a $80.00 price objective (up from $70.00) on shares of Blackbaud in a report on Thursday, August 1st. DA Davidson upped their price objective on Blackbaud to $89.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research cut Blackbaud from a “strong-buy” rating to a “hold” rating and set a $101.00 price objective on the stock. in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Blackbaud presently has an average rating of “Hold” and a consensus target price of $91.71.

In other Blackbaud news, Director Joyce Nelson sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $88.62, for a total value of $88,620.00. Following the sale, the director now owns 12,051 shares of the company’s stock, valued at $1,067,959.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy C. K. Chou sold 400 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $76.98, for a total value of $30,792.00. Following the completion of the sale, the director now directly owns 20,114 shares in the company, valued at approximately $1,548,375.72. The disclosure for this sale can be found here. In the last three months, insiders sold 12,258 shares of company stock worth $1,004,452. 1.56% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in BLKB. Janus Henderson Group PLC raised its position in Blackbaud by 21.6% in the first quarter. Janus Henderson Group PLC now owns 4,782,583 shares of the technology company’s stock valued at $381,310,000 after purchasing an additional 849,217 shares during the period. FMR LLC increased its position in shares of Blackbaud by 230.0% during the first quarter. FMR LLC now owns 538,047 shares of the technology company’s stock worth $42,898,000 after acquiring an additional 374,999 shares during the period. Nuveen Asset Management LLC purchased a new stake in shares of Blackbaud during the second quarter worth $20,230,000. First Trust Advisors LP increased its position in shares of Blackbaud by 3,870.3% during the second quarter. First Trust Advisors LP now owns 242,983 shares of the technology company’s stock worth $20,289,000 after acquiring an additional 236,863 shares during the period. Finally, BlackRock Inc. increased its position in shares of Blackbaud by 1.7% during the second quarter. BlackRock Inc. now owns 5,704,970 shares of the technology company’s stock worth $476,366,000 after acquiring an additional 95,043 shares during the period.

BLKB traded up $2.49 during trading hours on Friday, reaching $93.27. The company’s stock had a trading volume of 128,700 shares, compared to its average volume of 285,207. Blackbaud has a fifty-two week low of $58.23 and a fifty-two week high of $105.69. The stock has a market cap of $4.59 billion, a PE ratio of 49.88, a P/E/G ratio of 9.00 and a beta of 1.22. The business’s 50-day moving average is $86.47 and its 200-day moving average is $80.22. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.76 and a quick ratio of 0.76.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, August 28th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Tuesday, August 27th. Blackbaud’s payout ratio is 25.67%.

About Blackbaud

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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