Media coverage about Blackbaud (NASDAQ:BLKB) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blackbaud earned a news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.1404874282022 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
BLKB has been the subject of a number of research reports. BidaskClub cut shares of Blackbaud from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised shares of Blackbaud from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Monday, October 30th. Citigroup set a $112.00 price target on shares of Blackbaud and gave the stock a “buy” rating in a report on Friday, October 27th. B. Riley set a $82.00 price target on shares of Blackbaud and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, Robert W. Baird set a $85.00 price target on shares of Blackbaud and gave the stock a “hold” rating in a report on Sunday, October 1st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $94.75.
Shares of Blackbaud (BLKB) traded up $1.38 on Friday, reaching $96.90. 495,789 shares of the company’s stock traded hands, compared to its average volume of 306,768. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.19. Blackbaud has a one year low of $61.98 and a one year high of $104.55. The firm has a market capitalization of $4,590.00, a price-to-earnings ratio of 57.33, a P/E/G ratio of 5.91 and a beta of 0.82.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.50%. Blackbaud’s dividend payout ratio (DPR) is currently 43.64%.
In related news, EVP Brian Boruff sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $103.95, for a total transaction of $83,160.00. Following the sale, the executive vice president now owns 50,862 shares in the company, valued at $5,287,104.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George H. Ellis sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $101.47, for a total transaction of $152,205.00. Following the sale, the director now owns 7,511 shares in the company, valued at approximately $762,141.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,655 shares of company stock worth $972,923. 2.19% of the stock is owned by company insiders.
Blackbaud Company Profile
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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