Dimensional Fund Advisors LP Sells 23,823 Shares of Blackbaud, Inc. $BLKB

Dimensional Fund Advisors LP cut its holdings in Blackbaud, Inc. (NASDAQ:BLKB) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 951,262 shares of the technology company’s stock after selling 23,823 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Blackbaud were worth $36,727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLKB. Tudor Investment Corp ET AL bought a new stake in shares of Blackbaud in the 3rd quarter valued at $10,586,000. UBS Group AG boosted its stake in Blackbaud by 35.0% during the fourth quarter. UBS Group AG now owns 164,128 shares of the technology company’s stock worth $10,393,000 after acquiring an additional 42,521 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in Blackbaud by 16.7% during the fourth quarter. Van Berkom & Associates Inc. now owns 779,935 shares of the technology company’s stock worth $49,385,000 after acquiring an additional 111,388 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Blackbaud by 143,409.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock worth $139,759,000 after purchasing an additional 2,205,641 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in Blackbaud in the fourth quarter worth $4,533,000. 94.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Chad Anderson sold 6,205 shares of the business’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 completion of the sale, the chief financial officer directly owned 62,869 shares of the company’s stock, valued at $1,968,428.39. The trade was a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Stifel Nicolaus reduced their target price on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Robert W. Baird set a $54.00 target price on Blackbaud in a research report on Thursday. Weiss Ratings downgraded Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 23rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 price target on shares of Blackbaud in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $48.50.

Blackbaud Stock Performance

NASDAQ BLKB opened at $44.37 on Tuesday. The company has a market cap of $2.01 billion, a P/E ratio of 13.87, a PEG ratio of 1.52 and a beta of 0.97. The company has a fifty day simple moving average of $30.69 and a 200 day simple moving average of $38.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 16.82. Blackbaud, Inc. has a 12-month low of $25.58 and a 12-month high of $70.71.

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

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.