6,761 Shares in Blackbaud, Inc. (NASDAQ:BLKB) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of Blackbaud, Inc. (NASDAQ:BLKB) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,761 shares of the technology company’s stock, valued at approximately $573,000.

A number of other large investors also recently made changes to their positions in the business. Great Lakes Advisors LLC acquired a new stake in shares of Blackbaud during the 2nd quarter valued at $4,262,000. Simcoe Capital Management LLC purchased a new stake in shares of Blackbaud during the third quarter worth $5,987,000. Kestrel Investment Management Corp acquired a new stake in Blackbaud during the second quarter valued at $4,795,000. First Personal Financial Services purchased a new position in Blackbaud in the second quarter valued at about $1,007,000. Finally, Millennium Management LLC increased its position in Blackbaud by 2,240.8% in the 2nd quarter. Millennium Management LLC now owns 63,411 shares of the technology company’s stock worth $4,830,000 after purchasing an additional 60,702 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insiders Place Their Bets

In other Blackbaud news, CFO Anthony W. Boor sold 10,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $84.85, for a total value of $848,500.00. Following the sale, the chief financial officer now owns 140,262 shares of the company’s stock, valued at $11,901,230.70. The trade was a 6.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael P. Gianoni sold 800 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $83.15, for a total transaction of $66,520.00. Following the completion of the sale, the chief executive officer now owns 373,293 shares in the company, valued at $31,039,312.95. This represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,394 shares of company stock worth $4,373,270. 1.95% of the stock is currently owned by company insiders.

Blackbaud Stock Down 1.1 %

Shares of Blackbaud stock opened at $80.26 on Friday. Blackbaud, Inc. has a 12-month low of $66.47 and a 12-month high of $88.95. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.79. The stock has a 50 day moving average price of $83.15 and a two-hundred day moving average price of $80.48. The stock has a market capitalization of $4.07 billion, a P/E ratio of 78.69 and a beta of 1.06.

Blackbaud (NASDAQ:BLKB) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.08). Blackbaud had a return on equity of 20.34% and a net margin of 4.61%. The firm had revenue of $286.70 million for the quarter, compared to the consensus estimate of $293.74 million. During the same period in the prior year, the company posted $0.65 earnings per share. Blackbaud’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts expect that Blackbaud, Inc. will post 2.6 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on BLKB. Robert W. Baird cut Blackbaud from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $92.00 to $80.00 in a research note on Thursday, October 31st. Stifel Nicolaus boosted their target price on shares of Blackbaud from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. Baird R W downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Raymond James reduced their price objective on shares of Blackbaud from $98.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, October 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $86.67.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.