8,480 Shares in Blackbaud, Inc. (NASDAQ:BLKB) Bought by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC bought a new stake in shares of Blackbaud, Inc. (NASDAQ:BLKB) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,480 shares of the technology company’s stock, valued at approximately $627,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Headlands Technologies LLC grew its position in Blackbaud by 122.2% during the fourth quarter. Headlands Technologies LLC now owns 3,586 shares of the technology company’s stock worth $265,000 after buying an additional 1,972 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Blackbaud during the 4th quarter worth approximately $6,077,000. Pictet Asset Management Holding SA increased its position in shares of Blackbaud by 15.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,452 shares of the technology company’s stock valued at $477,000 after purchasing an additional 870 shares during the period. Triodos Investment Management BV raised its stake in shares of Blackbaud by 4.5% in the fourth quarter. Triodos Investment Management BV now owns 35,000 shares of the technology company’s stock valued at $2,587,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Norges Bank bought a new position in Blackbaud in the fourth quarter worth $34,168,000. 94.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird lowered their price target on shares of Blackbaud from $80.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Blackbaud presently has an average rating of “Hold” and an average target price of $85.33.

Blackbaud Trading Up 0.5 %

Shares of BLKB opened at $63.82 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 7.40. The stock has a market cap of $3.14 billion, a PE ratio of -10.82 and a beta of 1.08. Blackbaud, Inc. has a 1 year low of $61.20 and a 1 year high of $88.95. The stock has a 50 day simple moving average of $69.71 and a 200-day simple moving average of $77.09.

Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.50). Blackbaud had a positive return on equity of 26.30% and a negative net margin of 24.83%. The company had revenue of $302.23 million for the quarter, compared to analyst estimates of $303.41 million. On average, sell-side analysts predict that Blackbaud, Inc. will post 3.05 EPS for the current fiscal year.

Blackbaud Company Profile

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations 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 and Billing Management.