Janney Montgomery Scott LLC Buys 393 Shares of Blackbaud, Inc. (NASDAQ:BLKB)

Janney Montgomery Scott LLC boosted its position in Blackbaud, Inc. (NASDAQ:BLKBGet Rating) by 3.1% in the third quarter, HoldingsChannel.com reports. The firm owned 13,089 shares of the technology company’s stock after acquiring an additional 393 shares during the period. Janney Montgomery Scott LLC’s holdings in Blackbaud were worth $576,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. purchased a new stake in Blackbaud during the second quarter valued at approximately $43,000. UMB Bank n.a. lifted its holdings in shares of Blackbaud by 51.0% during the 2nd quarter. UMB Bank n.a. now owns 811 shares of the technology company’s stock valued at $47,000 after purchasing an additional 274 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Blackbaud by 51.6% in the 2nd quarter. Lazard Asset Management LLC now owns 1,680 shares of the technology company’s stock worth $97,000 after purchasing an additional 572 shares in the last quarter. Pacer Advisors Inc. purchased a new position in Blackbaud during the 3rd quarter worth $90,000. Finally, Captrust Financial Advisors grew its stake in Blackbaud by 20.1% during the 1st quarter. Captrust Financial Advisors now owns 2,232 shares of the technology company’s stock worth $134,000 after buying an additional 374 shares during the last quarter. 97.39% of the stock is owned by hedge funds and other institutional investors.

Blackbaud Stock Up 0.8 %

Shares of BLKB stock opened at $61.01 on Friday. Blackbaud, Inc. has a fifty-two week low of $43.54 and a fifty-two week high of $71.57. The firm has a market capitalization of $3.24 billion, a PE ratio of -98.40, a P/E/G ratio of 9.44 and a beta of 1.09. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s 50-day simple moving average is $58.93 and its 200-day simple moving average is $55.55.

Blackbaud (NASDAQ:BLKBGet Rating) last issued its quarterly earnings results on Tuesday, November 1st. The technology company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.11. Blackbaud had a negative net margin of 3.03% and a positive return on equity of 6.95%. The company had revenue of $261.30 million for the quarter, compared to the consensus estimate of $261.38 million. Equities analysts expect that Blackbaud, Inc. will post 0.86 earnings per share for the current year.

Analyst Ratings Changes

BLKB has been the subject of several recent analyst reports. StockNews.com began coverage on Blackbaud in a report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet upgraded shares of Blackbaud from a “d+” rating to a “c-” rating in a research note on Friday, December 2nd.

Insider Buying and Selling

In other Blackbaud news, COO Kevin P. Gregoire sold 1,023 shares of the stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $58.78, for a total transaction of $60,131.94. Following the sale, the chief operating officer now directly owns 97,358 shares of the company’s stock, valued at approximately $5,722,703.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Blackbaud Profile

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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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