Blackbaud, Inc. $BLKB Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its stake in shares of Blackbaud, Inc. (NASDAQ:BLKB) by 270.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 75,636 shares of the technology company’s stock after purchasing an additional 55,220 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.16% of Blackbaud worth $2,920,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC increased its stake in Blackbaud by 80.8% during the first quarter. Inspire Investing LLC now owns 13,347 shares of the technology company’s stock worth $515,000 after purchasing an additional 5,965 shares during the period. Louisiana State Employees Retirement System purchased a new position in Blackbaud in the first quarter valued at $402,000. Blue Trust Inc. grew its stake in Blackbaud by 44.3% during the 1st quarter. Blue Trust Inc. now owns 867 shares of the technology company’s stock worth $33,000 after purchasing an additional 266 shares in the last quarter. Amicus Financial Advisors LLC purchased a new stake in Blackbaud during the 4th quarter worth about $1,114,000. Finally, Pacer Advisors Inc. raised its position in Blackbaud by 23.9% in the 4th quarter. Pacer Advisors Inc. now owns 6,133 shares of the technology company’s stock valued at $388,000 after purchasing an additional 1,183 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BLKB shares. Zacks Research downgraded Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Robert W. Baird upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $60.00 to $50.00 in a research note on Thursday, April 30th. Stifel Nicolaus lowered their price target on shares of Blackbaud from $50.00 to $45.00 and set a “hold” rating for the company in a report on Tuesday, April 28th. Finally, Weiss Ratings downgraded shares of Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $52.50.

Insider Activity at Blackbaud

In other news, CFO Chad Anderson sold 6,205 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $31.31, for a total value of $194,278.55. Following the completion of the sale, the chief financial officer directly owned 62,869 shares of the company’s stock, valued at approximately $1,968,428.39. The trade was a 8.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.97% of the company’s stock.

Blackbaud Stock Up 3.0%

BLKB stock opened at $30.14 on Wednesday. The stock has a market cap of $1.38 billion, a P/E ratio of 10.22, a PEG ratio of 1.04 and a beta of 1.01. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 33.66. Blackbaud, Inc. has a twelve month low of $25.58 and a twelve month high of $74.88. The company’s 50 day moving average is $30.63 and its two-hundred day moving average is $42.67.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Wednesday, April 29th. The technology company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Blackbaud had a net margin of 12.41% and a return on equity of 176.76%. The firm had revenue of $281.14 million for the quarter, compared to the consensus estimate of $279.81 million. During the same period last year, the firm posted $0.96 EPS. The company’s revenue was up 4.2% on a year-over-year basis. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. Research analysts expect that Blackbaud, Inc. will post 3.57 earnings per share for the current fiscal year.

Blackbaud Company Profile

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.