Blackbaud, Inc. (NASDAQ:BLKB) Shares Sold by Trust Point Inc.

Trust Point Inc. lessened its position in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 5.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,399 shares of the technology company’s stock after selling 775 shares during the period. Trust Point Inc.’s holdings in Blackbaud were worth $917,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC increased its stake in Blackbaud by 42.0% in the third quarter. TD Private Client Wealth LLC now owns 1,174 shares of the technology company’s stock valued at $99,000 after purchasing an additional 347 shares during the last quarter. KBC Group NV boosted its holdings in shares of Blackbaud by 33.9% in the 4th quarter. KBC Group NV now owns 1,676 shares of the technology company’s stock valued at $124,000 after buying an additional 424 shares in the last quarter. Blue Trust Inc. grew its position in shares of Blackbaud by 190.4% in the 3rd quarter. Blue Trust Inc. now owns 1,597 shares of the technology company’s stock valued at $135,000 after buying an additional 1,047 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Blackbaud during the 3rd quarter worth $142,000. Finally, Heritage Family Offices LLP lifted its position in Blackbaud by 5.9% in the fourth quarter. Heritage Family Offices LLP now owns 2,985 shares of the technology company’s stock valued at $221,000 after acquiring an additional 166 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Baird R W lowered Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Robert W. Baird downgraded Blackbaud from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $92.00 to $80.00 in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $86.67.

Insider Buying and Selling at Blackbaud

In other Blackbaud news, Director Sarah E. Nash sold 1,600 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $83.46, for a total value of $133,536.00. Following the transaction, the director now directly owns 22,123 shares of the company’s stock, valued at approximately $1,846,385.58. The trade was a 6.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael P. Gianoni sold 12,325 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $83.25, for a total transaction of $1,026,056.25. Following the transaction, the chief executive officer now owns 389,539 shares of the company’s stock, valued at approximately $32,429,121.75. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,923 shares of company stock valued at $3,737,450 in the last ninety days. Insiders own 1.95% of the company’s stock.

Blackbaud Price Performance

Shares of NASDAQ:BLKB opened at $78.77 on Wednesday. Blackbaud, Inc. has a one year low of $66.47 and a one year high of $88.95. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 77.23 and a beta of 1.08. The company has a 50-day simple moving average of $77.57 and a 200-day simple moving average of $80.39. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.68 and a current ratio of 0.68.

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.