Lazard Asset Management LLC Raises Position in Blackbaud, Inc. (NASDAQ:BLKB)

Lazard Asset Management LLC grew its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKBGet Rating) by 51.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,680 shares of the technology company’s stock after purchasing an additional 572 shares during the quarter. Lazard Asset Management LLC’s holdings in Blackbaud were worth $97,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. California Public Employees Retirement System lifted its stake in shares of Blackbaud by 0.6% during the 1st quarter. California Public Employees Retirement System now owns 110,161 shares of the technology company’s stock worth $6,595,000 after purchasing an additional 660 shares during the period. State of Michigan Retirement System lifted its stake in shares of Blackbaud by 1.8% during the 2nd quarter. State of Michigan Retirement System now owns 11,548 shares of the technology company’s stock worth $671,000 after purchasing an additional 200 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of Blackbaud by 10.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 40,772 shares of the technology company’s stock worth $2,441,000 after purchasing an additional 3,705 shares during the period. Texas Permanent School Fund raised its position in shares of Blackbaud by 2.8% in the 2nd quarter. Texas Permanent School Fund now owns 32,586 shares of the technology company’s stock worth $1,892,000 after buying an additional 891 shares during the period. Finally, Becker Capital Management Inc. raised its position in shares of Blackbaud by 1.3% in the 2nd quarter. Becker Capital Management Inc. now owns 347,288 shares of the technology company’s stock worth $20,167,000 after buying an additional 4,382 shares during the period. Hedge funds and other institutional investors own 98.64% of the company’s stock.

Blackbaud Trading Up 1.1 %

Shares of BLKB opened at $57.36 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $3.05 billion, a P/E ratio of -92.51, a price-to-earnings-growth ratio of 16.89 and a beta of 1.10. The stock’s fifty day simple moving average is $52.12 and its 200 day simple moving average is $55.39. Blackbaud, Inc. has a twelve month low of $43.54 and a twelve month high of $83.97.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Blackbaud in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Blackbaud Company Profile

(Get Rating)

Blackbaud, Inc provides cloud software solutions to higher education institutions, K-12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies, and individual change agents in the United States and internationally. The company offers fundraising and relationship management solutions, such as Blackbaud Raiser's Edge NXT and Blackbaud CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, JustGiving, and Blackbaud Guided Fundraising and Blackbaud Volunteer Network Fundraising; marketing and engagement solutions, including Blackbaud Luminate Online, Blackbaud Online Express, and Blackbaud School Website System; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid Management.

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Institutional Ownership by Quarter for Blackbaud (NASDAQ:BLKB)

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