Blackbaud Inc (NASDAQ:BLKB): Stock Institutional Investors Like

Lloyd Doyle
December 17, 2017

Janney Montgomery Scott LLC now owns 4,234 shares of the technology company's stock valued at $363,000 after purchasing an additional 54 shares in the last quarter. Blackbaud, Inc. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.63 and a current ratio of 0.63.

The stock increased 2.47% or $0.99 during the last trading session, reaching $41.01. The shares were sold at an average price of $103.95, for a total transaction of $83,160.00.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Monday, May 1st.

Df Dent & Co Inc decreased Blackbaud Inc (BLKB) stake by 17.31% reported in 2017Q2 SEC filing. Redmond Asset Management LLC now owns 13,290 shares of the technology company's stock valued at $851,000 after buying an additional 73 shares during the period. Lvm Capital Management Ltd who had been investing in Morgan Stanley for a number of months, seems to be bullish on the $95.17 billion market cap company. The stock increased 1.64% or $1.57 during the last trading session, reaching $97.09. About 135,503 shares traded. Morgan Stanley (NYSE:MS) has risen 57.08% since December 15, 2016 and is uptrending. It has outperformed by 6.87% the S&P500. (NASDAQ:BLKB) for 2,360 shares. Northern Trust Corp increased its holdings in shares of Blackbaud by 4.6% during the second quarter.

Ratings analysis reveals 42% of Blackbaud Inc's analysts are positive. (NASDAQ:BLKB) has "Hold" rating given on Friday, February 10 by Wunderlich. During the same quarter a year ago, the company earned $0.45 earnings per share. BLKB's profit will be $21.15 million for 53.42 P/E if the $0.45 EPS becomes a reality. After $0.42 actual earnings per share reported by Blackbaud, Inc. for the previous quarter, Wall Street now forecasts 7.14% EPS growth.

Investors sentiment decreased to 1.35 in 2017 Q2. It fall, as 22 investors sold BLKB shares while 62 reduced holdings.


Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BLKB. Louisiana State Employees Retirement Systems has invested 0.05% of its portfolio in Blackbaud, Inc. ELLIS GEORGE H also sold $256,200 worth of Blackbaud, Inc. (NASDAQ:BLKB) shares were sold by Olson Jon W. $205,744 worth of Blackbaud, Inc. (NASDAQ:BLKB) for 6,319 shares. Ameriprise reported 0.01% in Blackbaud, Inc. (NYSE:HBI). Bessemer owns 5.81M shares for 0.54% of their portfolio. Atlanta Cap Mngmt Comm L L C, Georgia-based fund reported 4.30 million shares. Citigroup holds 0% in Blackbaud, Inc. Guggenheim Cap Ltd Liability Corporation owns 16,929 shares. First Tru Advsr Limited Partnership has 31,492 shares for 0.01% of their portfolio. Proshare Advsr Ltd Com invested in 9,287 shares or 0.01% of the stock. Below is a list of Blackbaud, Inc. Advisors Asset Management Inc., a Colorado-based fund reported 162,883 shares.

Another recent and important Blackbaud, Inc. (NASDAQ:BLKB). Winslow Evans & Crocker Incorporated has 0% invested in Blackbaud, Inc. Blackbaud's revenue was up 6.8% on a year-over-year basis. sell-side analysts anticipate that Blackbaud, Inc. will post 1.57 EPS for the current year. 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. The firm has "Buy" rating given on Thursday, November 19 by Benchmark. The firm has "Hold" rating by Wunderlich given on Friday, February 10. The rating was initiated by Robert W. Baird with "Outperform" on Thursday, December 10. Pacific Crest initiated the stock with "Sector Weight" rating in Tuesday, March 22 report. BidaskClub downgraded Blackbaud from a "strong-buy" rating to a "buy" rating in a report on Tuesday. The stock of UnitedHealth Group Incorporated (NYSE:UNH) has "Buy" rating given on Friday, August 11 by Cowen & Co. The rating was initiated by Bank of America with "Neutral" on Wednesday, January 6. As per Wednesday, November 23, the company rating was downgraded by Bank of America. The company was maintained on Wednesday, October 18 by Stifel Nicolaus. The rating was maintained by UBS on Friday, February 5 with "Buy". Moreover, Massachusetts Financial Services Ma has 0% invested in Blackbaud, Inc. (NASDAQ:BLKB). Glenmede Trust Company Na holds 0% of its portfolio in Blackbaud, Inc.

Since August 8, 2017, it had 0 buys, and 6 sales for $1.77 million activity.

Blackbaud, Inc is a cloud software company. Also, EVP Kevin W. Mooney sold 5,094 shares of the business's stock in a transaction dated Tuesday, May 9th. 525 shares were sold by Hoeltzel Mary T, worth $93,232 on Wednesday, August 9. The Southeast Asset Advisors Inc holds 11,120 shares with $954,000 value, up from 4,670 last quarter.

Among 29 analysts covering Morgan Stanley (NYSE:MS), 19 have Buy rating, 0 Sell and 10 Hold. Therefore 100% are positive. The stock of Cigna Corporation (NYSE:CI) earned "Buy" rating by Deutsche Bank on Monday, August 7. (NYSE:HBI) earned "Neutral" rating by Nomura on Thursday, September 21. RBC Capital Markets maintained the shares of CI in report on Thursday, October 12 with "Buy" rating. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company was upgraded on Friday, July 22 by Argus Research. The firm earned "Buy" rating on Thursday, October 26 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets with "Outperform" on Monday, May 8.

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