Blackbaud, Inc. (BLKB) Stake Reduced by SG Americas Securities LLC

Xavier Trudeau
Août 3, 2017

BlackRock Inc. increased its stake in shares of Blackbaud by 145,653.8% in the first quarter. (NASDAQ:BLKB) by 9.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Following the transaction, the executive vice president now owns 85,976 shares in the company, valued at approximately $6,801,561.36. Accern also gave media stories about the technology company an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. Northwestern Mutual Wealth Management Co. raised its position in shares of Blackbaud by 18.1% in the first quarter. BlackRock Inc. now owns 5,741,241 shares of the technology company's stock valued at $440,182,000 after buying an additional 5,737,302 shares during the last quarter. Finally, Daiwa SB Investments Ltd. bought a new stake in shares of Blackbaud during the first quarter worth $788,000. Blackbaud has a 52 week low of $55.88 and a 52 week high of $93.81.

Shares of Blackbaud (BLKB) traded down 3.19% during mid-day trading on Wednesday, reaching $86.29. The volume of 0.53 Million shares climbed down over an trading activity of 405.63 Million shares. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 90.12 and a beta of 0.77. The company has a 50-day moving average price of $88.51 and a 200 day moving average price of $79.12.

Blackbaud, Inc. (NASDAQ:BLKB) issued its quarterly earnings data on Monday. The technology company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.51 by $0.12. The company had revenue of $192.50 million during the quarter, compared to analyst estimates of $193.66 million. Blackbaud had a return on equity of 31.49% and a net margin of 6.46%. The firm's quarterly revenue was up 6.4% compared to the same quarter previous year. Next quarter's EPS is forecasted at $0.53 and the next full year EPS is projected to be $2.40. On average, analysts expect that Blackbaud, Inc. will post $2.13 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, August 28th will be paid a $0.12 dividend. The median estimate represents a 0.98% increase from the last price of 89.13. The ex-dividend date was set for Wednesday the 24th of May 2017. Blackbaud's payout ratio is 47.06%.

Headlines about Blackbaud (NASDAQ:BLKB) have been trending very positive this week, Accern reports. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & global copyright and trademark legislation. The correct version of this piece of content can be read at

Several research analysts have weighed in on BLKB shares. Benchmark Co. reduced their price objective on Blackbaud from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, June 27th. Finally, Zacks Investment Research cut Blackbaud from a "hold" rating to a "sell" rating in a research note on Thursday, May 4th. Raymond James Financial, Inc. began coverage on Blackbaud in a report on Wednesday, April 19th. Blackbaud now has an average rating of "Hold" and a consensus price target of $81.71. Stifel Nicolaus reiterated a "buy" rating and issued a $96.00 price objective on shares of Blackbaud in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock now has a consensus rating of Hold and an average target price of $81.71. Also, EVP John J. Mistretta sold 4,016 shares of Blackbaud stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $79.11, for a total value of $402,986.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The stock was sold at an average price of $83.00, for a total transaction of $333,328.00. Following the transaction, the executive vice president now directly owns 87,165 shares in the company, valued at approximately $7,234,695. The disclosure for this sale can be found here. In the last three months, insiders sold 14,224 shares of company stock valued at $1,152,915. Corporate insiders own 2.74% of the company's stock. Vanguard Group Inc. increased its stake in shares of Blackbaud by 5.1% in the first quarter.

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