Canada Pension Plan Investment Board Acquires New Holdings in Blackbaud, Inc. $BLKB

Canada Pension Plan Investment Board bought a new position in shares of Blackbaud, Inc. (NASDAQ:BLKB) in the second quarter, Holdings Channel reports. The firm bought 15,900 shares of the technology company’s stock, valued at approximately $471,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BLKB. BlackRock Inc. acquired a new stake in shares of Blackbaud in the second quarter worth $177,153,000. Northwestern Mutual Wealth Management Co. grew its stake in Blackbaud by 143,409.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock valued at $139,759,000 after buying an additional 2,205,641 shares during the last quarter. Janus Henderson Group PLC grew its stake in Blackbaud by 3.9% in the 1st quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company’s stock valued at $60,071,000 after buying an additional 58,806 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Blackbaud by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 975,085 shares of the technology company’s stock worth $61,743,000 after acquiring an additional 5,709 shares during the period. Finally, AQR Capital Management LLC lifted its position in Blackbaud by 157.3% during the 4th quarter. AQR Capital Management LLC now owns 767,792 shares of the technology company’s stock worth $48,617,000 after acquiring an additional 469,391 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Buying and Selling at Blackbaud

In other news, EVP David J. Benjamin sold 2,086 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $48.27, for a total value of $100,691.22. Following the sale, the executive vice president directly owned 71,038 shares in the company, valued at approximately $3,429,004.26. This represents a 2.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael P. Gianoni sold 17,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $47.35, for a total value of $804,950.00. Following the completion of the sale, the chief executive officer owned 423,264 shares in the company, valued at $20,041,550.40. This trade represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 43,086 shares of company stock valued at $2,001,761 in the last 90 days. Insiders own 2.01% of the company’s stock.

Blackbaud Stock Down 0.6%

Shares of BLKB stock opened at $47.47 on Thursday. The stock has a market cap of $2.15 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99. Blackbaud, Inc. has a one year low of $25.58 and a one year high of $70.71. The stock has a fifty day moving average price of $38.62 and a 200 day moving average price of $37.87. 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 posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. The firm had revenue of $290.60 million for the quarter, compared to the consensus estimate of $292.23 million. Blackbaud had a net margin of 13.12% and a return on equity of 197.49%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.21 earnings per share. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Analysts predict that Blackbaud, Inc. will post 3.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BLKB shares. Robert W. Baird set a $54.00 price target on shares of Blackbaud in a report on Thursday, July 30th. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 price objective on shares of Blackbaud in a research note on Wednesday, July 29th. Stifel Nicolaus decreased 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. Finally, Weiss Ratings raised Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $48.50.

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.