Van Berkom & Associates Inc. Has $27.75 Million Stock Position in Blackbaud, Inc. $BLKB

Van Berkom & Associates Inc. reduced its position in Blackbaud, Inc. (NASDAQ:BLKB) by 7.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 718,655 shares of the technology company’s stock after selling 61,280 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Blackbaud were worth $27,747,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Parallel Advisors LLC raised its holdings in shares of Blackbaud by 528.0% during the first quarter. Parallel Advisors LLC now owns 785 shares of the technology company’s stock valued at $30,000 after acquiring an additional 660 shares during the period. Kesler Norman & Wride LLC boosted its stake in Blackbaud by 33.9% in the 1st quarter. Kesler Norman & Wride LLC now owns 17,967 shares of the technology company’s stock worth $694,000 after purchasing an additional 4,552 shares during the period. Allspring Global Investments Holdings LLC grew its position in Blackbaud by 7.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 169,986 shares of the technology company’s stock worth $6,563,000 after purchasing an additional 11,648 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in Blackbaud by 13.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 138,100 shares of the technology company’s stock valued at $5,332,000 after purchasing an additional 16,200 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Blackbaud by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 81,446 shares of the technology company’s stock valued at $3,145,000 after purchasing an additional 1,448 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Blackbaud Stock Performance

Shares of BLKB opened at $32.40 on Monday. The company has a market capitalization of $1.49 billion, a PE ratio of 10.98, a PEG ratio of 1.15 and a beta of 1.01. The company has a debt-to-equity ratio of 33.66, a quick ratio of 0.74 and a current ratio of 0.74. The company’s 50 day moving average price is $29.58 and its 200 day moving average price is $40.80. Blackbaud, Inc. has a 52 week low of $25.58 and a 52 week high of $74.88.

Blackbaud (NASDAQ:BLKB) last released its earnings results on Wednesday, April 29th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $281.14 million during the quarter, compared to the consensus estimate of $279.81 million. Blackbaud had a net margin of 12.41% and a return on equity of 176.76%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Research analysts expect that Blackbaud, Inc. will post 3.57 EPS for the current fiscal year.

Insider Buying and Selling at Blackbaud

In related news, CFO Chad Anderson sold 6,205 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the completion of the sale, the chief financial officer directly owned 62,869 shares in the company, valued at approximately $1,968,428.39. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BLKB. Weiss Ratings upgraded Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Stifel Nicolaus lowered their price target on Blackbaud from $45.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Zacks Research lowered Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Robert W. Baird raised Blackbaud from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $60.00 to $50.00 in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $48.75.

Blackbaud Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.