Economy

Aperio Group LLC Increases Stake in Blackbaud, Inc. (NASDAQ:BLKB)

Blackbaud, Inc. (NASDAQ:BLKB) are valued at $84.37 at the time of writing and have moved -2.30% since the open.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Prnewswire.com which released: "Oracle Announces Oracle Banking Liquidity Management and Oracle Banking ..." on August 08, 2017, also Seekingalpha.com with their article: "Oracle: Is Further Growth Possible?" published on July 28, 2017, Nasdaq.com published: "Oracle Corporation (ORCL) Ex-Dividend Date Scheduled for July 17, 2017" on July 14, 2017. Nisa Investment Advisors LLC now owns 27,220 shares of the technology company's stock worth $2,332,000 after buying an additional 5,800 shares in the last quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. As such, analysts can estimate Blackbaud, Inc.'s growth for next year as 11.43%. Champlain Investment Partners LLC increased its position in shares of Blackbaud by 9.6% in the first quarter. Public Employees Retirement Association of Colorado raised its position in Blackbaud by 2,074.9% in the first quarter.

Berkshire Asset Management Llc, which manages about $867.20M and $774.47M US Long portfolio, upped its stake in Amgen (NASDAQ:AMGN) by 33,368 shares to 111,428 shares, valued at $16.29 million in 2016Q4, according to the filing. LS Investment Advisors LLC boosted its stake in shares of Blackbaud by 71.1% in the second quarter.

Morgan Stanley cut its stake in Blackbaud, Inc. (BLKB) traded down 1.71% on Thursday, hitting $85.18.

The company is trading down by -2.64% since yesterday's close of $86.66.

The P/E ratio is 81.20 and market capitalization is 3.94B.

It is now trading at $84.37 a tad below $88.68, the stock's 50 day moving average and quite a bit higher than the 200 day moving average of $79.82. Blackbaud has a 1-year low of $55.88 and a 1-year high of $92.73.

Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings results on Monday, May 1st. In the latest earnings report the EPS was $1.04 and is expected to be $2.14 for the current year with 46,662,000 shares now outstanding. Blackbaud had a net margin of 6.46% and a return on equity of 30.88%. The firm had revenue of $183.62 million during the quarter, compared to analysts' expectations of $182.95 million. During the same quarter in the previous year, the business earned $0.46 EPS. The firm's revenue for the quarter was up 6.4% compared to the same quarter a year ago. On average, equities analysts expect that Blackbaud, Inc. will post $2.14 earnings per share for the current fiscal year. The ex-dividend date will be on Wednesday the 24th of May 2017. The stock's Dividend Yield stands at 0.86%. Blackbaud's dividend payout ratio (DPR) is now 47.06%.

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A number of equities analysts recently issued reports on BLKB shares. 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.

Blackbaud, Inc. (NASDAQ:BLKB) was downgraded by Zacks Investment Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Monday. Finally, Raymond James Financial, Inc. assumed coverage on Blackbaud in a research note on Wednesday, April 19th. They released an "outperform" recommendation and a $90.00 price objective on the company shares. The stock now has a consensus rating of "Hold" and a consensus price target of $81.71. Also, EVP John J. Mistretta sold 4,016 shares of the business's stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $82.00, for a total value of $48,872.00. Following the completion of the sale, the executive vice president now directly owns 87,165 shares in the company, valued at approximately $7,234,695. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The shares were sold at an average price of $83.00, for a total transaction of $333,328.00. Insiders have sold 15,468 shares of company stock worth $1,306,753 in the last quarter. Berkshire Asset Management Llc sold 72,194 shares as the company's stock rose 5.35% with the market. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2017/08/10/aperio-group-llc-increases-stake-in-blackbaud-inc-nasdaqblkb.html.

Blackbaud, Inc., launched on March 22, 2004, is a cloud software company.



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