Blackbaud, Inc. (NASDAQ:BLKB) insider Michael P. Gianoni sold 28,839 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $96.84, for a total transaction of $2,792,768.76. Following the completion of the transaction, the insider now owns 332,419 shares of the company’s stock, valued at $32,191,455.96. The sale was disclosed in a filing with the SEC, which is available at this link.
Blackbaud, Inc. (NASDAQ:BLKB) traded up $1.82 during midday trading on Friday, reaching $103.25. The company had a trading volume of 197,078 shares, compared to its average volume of 369,754. Blackbaud, Inc. has a 1 year low of $71.48 and a 1 year high of $104.55. The firm has a market cap of $4,876.56, a P/E ratio of 75.36, a P/E/G ratio of 5.13 and a beta of 0.75. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.40.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Tuesday, February 27th. Blackbaud’s dividend payout ratio (DPR) is presently 35.04%.
Several institutional investors and hedge funds have recently modified their holdings of the business. Contravisory Investment Management Inc. acquired a new stake in shares of Blackbaud during the 4th quarter worth about $157,000. QS Investors LLC boosted its stake in shares of Blackbaud by 157.1% in the 2nd quarter. QS Investors LLC now owns 1,800 shares of the technology company’s stock valued at $154,000 after buying an additional 1,100 shares during the period. First Republic Investment Management Inc. purchased a new position in shares of Blackbaud in the 4th quarter valued at about $204,000. Zeke Capital Advisors LLC purchased a new position in shares of Blackbaud in the 4th quarter valued at about $213,000. Finally, Two Sigma Advisers LP purchased a new position in shares of Blackbaud in the 4th quarter valued at about $217,000.
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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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