Van ECK Associates Corp Decreases Holdings in Blackbaud, Inc. (NASDAQ:BLKB)

Van ECK Associates Corp cut its stake in shares of Blackbaud, Inc. (NASDAQ:BLKBFree Report) by 9.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,768 shares of the technology company’s stock after selling 12,226 shares during the period. Van ECK Associates Corp owned approximately 0.21% of Blackbaud worth $7,789,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BLKB. Russell Investments Group Ltd. purchased a new position in Blackbaud in the first quarter worth approximately $35,000. FSC Wealth Advisors LLC acquired a new position in Blackbaud in the 3rd quarter valued at $40,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Blackbaud in the 2nd quarter valued at $57,000. Headlands Technologies LLC acquired a new position in shares of Blackbaud during the 2nd quarter worth $60,000. Finally, Point72 Middle East FZE acquired a new position in shares of Blackbaud during the 4th quarter worth $109,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Blackbaud Price Performance

Shares of NASDAQ BLKB opened at $82.05 on Friday. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of -170.94, a PEG ratio of 1.30 and a beta of 1.09. Blackbaud, Inc. has a 52 week low of $53.39 and a 52 week high of $88.56. The company’s 50-day moving average price is $83.81 and its 200 day moving average price is $76.35. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.90.

Insider Buying and Selling at Blackbaud

In related news, Director Sarah E. Nash sold 4,113 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $75.72, for a total transaction of $311,436.36. Following the completion of the sale, the director now owns 26,977 shares of the company’s stock, valued at approximately $2,042,698.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.89% of the stock is owned by insiders.

Blackbaud Profile

(Free Report)

Blackbaud, Inc provides cloud software solutions to higher education institutions, K12 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 engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid Management.

See Also

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Institutional Ownership by Quarter for Blackbaud (NASDAQ:BLKB)

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