Blackbaud (BLKB) Getting Somewhat Positive Media Coverage, Analysis Shows

News headlines about Blackbaud (NASDAQ:BLKB) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing 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 closest to one being the most favorable. Blackbaud earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.1165761883966 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

A number of research firms have commented on BLKB. Evercore ISI cut shares of Blackbaud from an “in” rating to an “underperform” rating in a research report on Monday, March 12th. Zacks Investment Research raised shares of Blackbaud from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Thursday, February 8th. B. Riley lifted their price objective on shares of Blackbaud from $82.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. DA Davidson set a $110.00 target price on Blackbaud and gave the stock a “hold” rating in a report on Thursday, March 15th. Finally, Stifel Nicolaus lifted their target price on Blackbaud from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $103.14.

Blackbaud traded up $1.43, reaching $100.13, during midday trading on Wednesday, MarketBeat reports. The company had a trading volume of 1,859 shares, compared to its average volume of 281,589. The company has a market cap of $4.84 billion, a PE ratio of 62.08, a price-to-earnings-growth ratio of 4.19 and a beta of 0.66. Blackbaud has a 1-year low of $98.71 and a 1-year high of $99.49. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.33.

Blackbaud (NASDAQ:BLKB) last issued its earnings results on Monday, April 30th. The technology company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.07. The firm had revenue of $204.18 million during the quarter, compared to the consensus estimate of $204.29 million. Blackbaud had a return on equity of 28.66% and a net margin of 8.92%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. analysts anticipate that Blackbaud will post 2.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, May 25th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.48%. The ex-dividend date is Thursday, May 24th. Blackbaud’s payout ratio is 30.19%.

In other news, insider Michael P. Gianoni sold 28,839 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 332,419 shares in the company, valued at $32,191,455.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Anthony W. Boor sold 14,875 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $97.98, for a total value of $1,457,452.50. Following the sale, the chief financial officer now owns 132,011 shares in the company, valued at $12,934,437.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,433 shares of company stock valued at $8,112,939. Insiders own 1.55% of the company’s stock.

About Blackbaud

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, corporations, education institutions, healthcare organizations, and other charitable giving entities primarily in the United States, Canada, the United Kingdom, and Australia. The company offers Raiser's Edge NXT and Blackbaud CRM (constituent relationship management), which are fundraising and relationship management solutions; Luminate CRM for campaign management, constituent relations, business intelligence, and analytics; eTapestry, a cloud fundraising and donor management solution; everydayhero, a cloud crowdfundraising solution; and JustGiving, a social platform for giving.

Insider Buying and Selling by Quarter for Blackbaud (NASDAQ:BLKB)

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