News coverage about Blackbaud (NASDAQ:BLKB) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blackbaud earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 43.5390403590068 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Matthew Mielcarek Joins Pursuant as Vice President, Analytics & Insights Strategy (prweb.com)
- Blackbaud, Inc. (BLKB) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- /C O R R E C T I O N — Blackbaud, Inc./ (finance.yahoo.com)
- Zacks: Analysts Anticipate Blackbaud, Inc. (BLKB) Will Announce Earnings of $0.60 Per Share (americanbankingnews.com)
- 2017 Global Day of Giving Broke a Record (patch.com)
A number of research firms have recently commented on BLKB. Citigroup began coverage on Blackbaud in a research report on Friday, September 22nd. They set a “buy” rating and a $100.00 target price on the stock. Zacks Investment Research upgraded Blackbaud from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Monday, October 30th. B. Riley set a $82.00 price target on Blackbaud and gave the stock a “hold” rating in a report on Thursday, October 26th. Robert W. Baird set a $85.00 price target on Blackbaud and gave the stock a “hold” rating in a report on Sunday, October 1st. Finally, Dougherty & Co initiated coverage on Blackbaud in a report on Tuesday, October 31st. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $94.75.
Blackbaud (NASDAQ:BLKB) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.05. The firm had revenue of $195.51 million during the quarter, compared to the consensus estimate of $196.35 million. Blackbaud had a return on equity of 31.25% and a net margin of 6.82%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. sell-side analysts anticipate that Blackbaud will post 1.57 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.48 annualized dividend and a yield of 0.50%. Blackbaud’s dividend payout ratio (DPR) is presently 44.04%.
In other news, CFO Anthony W. Boor sold 1,989 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $98.26, for a total transaction of $195,439.14. Following the completion of the sale, the chief financial officer now directly owns 105,342 shares of the company’s stock, valued at approximately $10,350,904.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George H. Ellis sold 1,500 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $101.47, for a total transaction of $152,205.00. Following the sale, the director now directly owns 7,511 shares of the company’s stock, valued at $762,141.17. The disclosure for this sale can be found here. Insiders sold a total of 9,655 shares of company stock valued at $972,923 over the last quarter. 2.19% of the stock is currently owned by insiders.
Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its 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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