Healthcare of Ontario Pension Plan Trust Fund Has $178,000 Stock Holdings in Blackbaud, Inc. $BLKB

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 86.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,622 shares of the technology company’s stock after selling 28,448 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Blackbaud were worth $178,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Blackbaud by 1.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,434 shares of the technology company’s stock worth $1,454,000 after purchasing an additional 361 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Blackbaud by 293.1% in the 1st quarter. Jones Financial Companies Lllp now owns 7,701 shares of the technology company’s stock valued at $478,000 after purchasing an additional 5,742 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Blackbaud by 26.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company’s stock worth $14,225,000 after buying an additional 47,549 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Blackbaud by 4.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,751 shares of the technology company’s stock worth $6,314,000 after buying an additional 4,178 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Blackbaud by 886.2% during the 1st quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock worth $9,911,000 after buying an additional 143,533 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Blackbaud

In related news, CFO Chad Anderson sold 6,205 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $31.31, for a total transaction of $194,278.55. Following the transaction, the chief financial officer owned 62,869 shares in the company, valued at $1,968,428.39. This represents a 8.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.01% of the stock is currently owned by company insiders.

Blackbaud Price Performance

NASDAQ BLKB opened at $42.80 on Monday. The stock’s 50 day simple moving average is $30.39 and its 200 day simple moving average is $38.94. Blackbaud, Inc. has a one year low of $25.58 and a one year high of $70.94. The firm has a market cap of $1.94 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company has a debt-to-equity ratio of 16.82, a current ratio of 0.83 and a quick ratio of 0.83.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.10. The firm had revenue of $290.60 million during the quarter, compared to the consensus estimate of $292.23 million. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, sell-side analysts forecast that Blackbaud, Inc. will post 3.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLKB has been the topic of several recent analyst reports. Robert W. Baird set a $54.00 price target on Blackbaud in a research note on Thursday. Stifel Nicolaus dropped their price objective on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Zacks Research cut Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Raymond James Financial restated an “outperform” rating and issued a $55.00 target price on shares of Blackbaud in a research note on Wednesday. Finally, Weiss Ratings cut shares of Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $48.50.

About Blackbaud

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.