Economy

Blackbaud, Inc. (BLKB) PT Set at $112.00 by Citigroup Inc

Stifel Nicolaus reiterated a buy rating and set a $96.00 price target on shares of Blackbaud in a research note on Friday, July 21st.

Among 3 analysts covering Stonegate Bank (NASDAQ:SGBK), 2 have Buy rating, 0 Sell and 1 Hold. It has ranged in price between $100.33-$102.37 after having started the session at $101.46 as compared to the previous trading day's close of $101.27.

According to Zacks brokerage recommendations, Blackbaud, Inc. The Business's portfolio of software and services supports nonprofit fundraising and relationship management, digital marketing, advocacy, accounting, payments and analytics, as well as grant management, corporate social responsibility (CSR) and education. Sei Invs Commerce has 0.12% invested in Blackbaud, Inc.

Other equities analysts also recently issued research reports about the company. (NASDAQ:BLKB) in a research report sent to investors on Tuesday. "(BLKB) PT Set at $112.00 by Citigroup Inc." was reported by BBNS and is the sole property of of BBNS. They issued an "outperform" rating on the stock. They issued a "sell" rating and a $50.00 target price on the stock. October 19 investment analysts at B. Riley left the company rating at "Neutral" and raised the price expectation from $75.00 to $82.00. Blackbaud, Inc. (NASDAQ:BLKB) has risen 35.80% since November 1, 2016 and is uptrending. The company has a market capitalization of $4.63 billion, a P/E ratio of 95.4259 and a beta of 0.84. Blackbaud has a 52 week low of $55.88 and a 52 week high of $103.41. The firm has a 50 day moving average price of $63.75 and a 200 day moving average price of $65.24.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings results on Wednesday, October 25th. A month ago, analyst EPS consensus estimated earnings of US$0.61 per share. Among active positions in the latest quarter, 127 holders increased their positions by a total of 6.92 million shares, 100 holders decreased the positions by a total of 4.91 million shares, and 32 holders held their positions.

Analysts expect Blackbaud, Inc. Dimensional Fund Advsr Lp has invested 0.03% of its portfolio in Blackbaud, Inc. Zacks Investment Research downgraded Blackbaud from a hold rating to a strong sell rating in a research note on Monday, August 7th. If you are accessing this piece of content on another domain, it was stolen and republished in violation of global copyright & trademark legislation. On Tuesday, May 9 MOONEY KEVIN W sold $402,986 worth of Blackbaud, Inc. MISTRETTA JOHN J sold $200,000 worth of stock or 2,500 shares. Following the completion of the sale, the executive vice president now directly owns 83,638 shares in the company, valued at $7,360,144. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. ELLIS GEORGE H also sold $138,040 worth of Blackbaud, Inc. The shares were sold at an average price of $85.40, for a total value of $256,200.00. The disclosure for this sale can be found here. Insiders have sold 20,752 shares of company stock worth $1,771,517 over the last ninety days. The stock stands almost -2.04% off versus the 52-week high and 81.28% away from the 52-week low.

Several other large investors have also recently made changes to their positions in BLKB. BlackRock Inc. increased its stake in shares of Blackbaud by 145,653.8% in the 1st quarter. American Capital Management Inc. now owns 264,165 shares of the technology company's stock valued at $23,194,000 after purchasing an additional 4,805 shares during the period.

Mason Street Advisors Llc decreased Waddell & Reed Finl Inc (NYSE:WDR) stake by 19,192 shares to 20,620 valued at $389,000 in 2017Q2. FMR LLC now owns 345,736 shares of the technology company's stock worth $29,647,000 after purchasing an additional 202,843 shares during the period. State Street Corp raised its holdings in shares of Blackbaud by 37.0% in the 2nd quarter. State Street Corp now owns 1,587,812 shares of the technology company's stock worth $136,159,000 after purchasing an additional 428,948 shares during the period. Nationwide Fund Advisors added to its stake by buying 7,942 shares an increase of 1.8%. Vanguard Group Inc. grew its position in Blackbaud by 5.1% during the 1st quarter. This works out to a net increase in ownership of 2.01 million shares, and suggests that institutions are feeling bullish about the stock.

Blackbaud, Inc., launched on March 22, 2004, is a cloud software company. The Firm offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. The Business's segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).



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