Pacer Advisors Inc. boosted its position in Blackbaud, Inc. (NASDAQ:BLKB – Free Report) by 312.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,689 shares of the technology company’s stock after purchasing an additional 7,339 shares during the period. Pacer Advisors Inc.’s holdings in Blackbaud were worth $690,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Blackbaud by 58.8% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 408 shares of the technology company’s stock worth $28,000 after purchasing an additional 151 shares during the period. Russell Investments Group Ltd. purchased a new stake in Blackbaud during the first quarter valued at approximately $35,000. C M Bidwell & Associates Ltd. bought a new position in Blackbaud in the first quarter worth approximately $42,000. Fifth Third Bancorp boosted its stake in shares of Blackbaud by 304.9% during the 1st quarter. Fifth Third Bancorp now owns 660 shares of the technology company’s stock worth $46,000 after acquiring an additional 497 shares during the last quarter. Finally, Point72 Middle East FZE purchased 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.
Insiders Place Their Bets
In other news, COO Kevin P. Gregoire sold 6,900 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $73.42, for a total transaction of $506,598.00. Following the sale, the chief operating officer now directly owns 113,379 shares in the company, valued at approximately $8,324,286.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Blackbaud news, SVP Jon W. Olson sold 9,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $75.80, for a total value of $682,200.00. Following the completion of the sale, the senior vice president now owns 29,152 shares of the company’s stock, valued at $2,209,721.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Kevin P. Gregoire sold 6,900 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $73.42, for a total value of $506,598.00. Following the transaction, the chief operating officer now directly owns 113,379 shares in the company, valued at approximately $8,324,286.18. The disclosure for this sale can be found here. Insiders sold 30,272 shares of company stock valued at $2,235,865 in the last three months. Corporate insiders own 1.89% of the company’s stock.
Blackbaud Stock Down 0.3 %
Blackbaud (NASDAQ:BLKB – Get Free Report) last released its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Blackbaud had a positive return on equity of 9.43% and a negative net margin of 4.13%. The business had revenue of $271.04 million for the quarter, compared to the consensus estimate of $272.65 million. Analysts forecast that Blackbaud, Inc. will post 1.88 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. StockNews.com assumed coverage on Blackbaud in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Raymond James raised Blackbaud from a “market perform” rating to an “outperform” rating and set a $88.00 price objective on the stock in a research report on Monday, June 5th.
Get Our Latest Research Report on BLKB
Blackbaud Company Profile
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.
Featured Articles
- Five stocks we like better than Blackbaud
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- CarMax Slides On Earnings Disappointment, Time To Celebrate?
- Crypto vs Stocks: How to Choose Your Investments
- The Next Stage Of Google’s Rally Just Started
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Can Investors Win the Race with Dividend Achiever Nike?
Receive News & Ratings for Blackbaud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackbaud and related companies with MarketBeat.com's FREE daily email newsletter.
