November 29, 2016 - By whatsonthorold
President and CEO Michael Gianoni of Blackbaud Inc, sold 3,973 of the stock exchange listed company shares having a market value of $250,299 U.S Dollars with an average of $63.0 stock price for a share. Michael Gianoni now has 250,456 shares of the Company. A report ready for you here reveals this insider activity, that took place on 29/11/2016 and was filed with the Washington-based Security and Exchange Commission.
Out of 9 analysts covering Blackbaud Inc (NASDAQ:BLKB), 6 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 67% are positive. $75 is the highest target while $66 is the lowest. The $73.20 average target is 14.36% above today’s ($64.01) stock price. Blackbaud Inc has been the topic of 12 analyst reports since October 13, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Robert W. Baird given on Thursday, December 10. B. Riley & Co initiated it with “Neutral” rating and $66 target price in Tuesday, October 13 report. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, June 30. The rating was initiated by Evercore on Monday, June 27 with “Hold”. The firm earned “Neutral” rating on Wednesday, January 6 by Bank of America. The rating was initiated by Benchmark on Thursday, November 19 with “Buy”. The firm earned “Sector Weight” rating on Tuesday, March 22 by Pacific Crest. Bank of America downgraded the shares of BLKB in a report on Wednesday, November 23 to “Underperform” rating. The firm has “Buy” rating by Wunderlich given on Thursday, February 18.
Insitutional Activity: The institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.27, from 1.11 in 2016Q1. The ratio is positive, as 26 funds sold all Blackbaud, Inc. shares owned while 63 reduced positions. 24 funds bought stakes while 75 increased positions. They now own 47.90 million shares or 2.69% less from 49.23 million shares in 2016Q1.
Contravisory Inv Management holds 0.06% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB) for 2,650 shares. Pier Ltd Limited Liability Company holds 87,957 shares or 1.09% of its portfolio. Tci Wealth Advsrs holds 27 shares or 0% of its portfolio. Renaissance Ltd has 87,700 shares for 0.01% of their US portfolio. Prudential Fincl Inc reported 143,759 shares or 0.02% of all its holdings. Fred Alger Mgmt Inc holds 311,823 shares or 0.11% of its portfolio. State Of Tennessee Treasury Department has 0.01% invested in the company for 37,547 shares. The New York-based Tortoise Ltd has invested 0% in Blackbaud, Inc. (NASDAQ:BLKB). Ubs Asset Mngmt Americas has invested 0% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). Schaper Benz Wise Counsel Inc Wi holds 4,725 shares or 0.06% of its portfolio. Bahl & Gaynor holds 21,728 shares or 0.02% of its portfolio. Moreover, High Point Bancorp has 0.01% invested in Blackbaud, Inc. (NASDAQ:BLKB) for 338 shares. Moreover, Raymond James Tru Na has 0.02% invested in Blackbaud, Inc. (NASDAQ:BLKB) for 3,153 shares. Thrivent Financial For Lutherans holds 0.01% or 23,170 shares in its portfolio. Nordea Inv Mgmt Ab last reported 9,052 shares in the company.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 12 sales for $3.24 million net activity. $100,880 worth of shares were sold by Nash Sarah E on Friday, August 26. $64,690 worth of Blackbaud, Inc. (NASDAQ:BLKB) was sold by Nelson Joyce on Tuesday, November 15. Another trade for 2,931 shares valued at $202,239 was made by CHOU TIMOTHY C K on Monday, August 15. On Tuesday, July 12 MISTRETTA JOHN J sold $157,850 worth of the stock or 2,255 shares. Gianoni Michael P also sold $768,660 worth of Blackbaud, Inc. (NASDAQ:BLKB) on Thursday, August 4. 1,500 shares were sold by ELLIS GEORGE H, worth $102,150 on Monday, August 15. $364,632 worth of shares were sold by BOOR ANTHONY W on Friday, November 18.
About 459,683 shares traded hands or 22.92% up from the average. Blackbaud, Inc. (NASDAQ:BLKB) has risen 0.27% since April 26, 2016 and is uptrending. It has underperformed by 4.99% the S&P500.
Blackbaud, Inc. is a provider of software and services for the global philanthropic community. The company has a market cap of $3.08 billion. The Company’s divisions include the General Markets Business Unit , the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU). It has a 98.56 P/E ratio. The GMBU is focused on marketing, sales, delivery and support to all emerging and mid-sized prospects and clients in North America.
According to Zacks Investment Research, “Blackbaud is the leading global provider of software and related services designed specifically for nonprofit organizations. Blackbaud’s solutions include The Raiser’s Edge, The Financial Edge, The Education Edge, The Information Edge, WealthPoint and ProspectPoint, as well as a wide range of consulting and educational services. Blackbaud has operations in Toronto, Ontario, Glasgow, Scotland, and Sydney, Australia.”
Analysts await Blackbaud, Inc. (NASDAQ:BLKB) to report earnings on February, 14. They expect $0.43 earnings per share, up 43.33% or $0.13 from last year’s $0.3 per share. BLKB’s profit will be $20.69M for 37.22 P/E if the $0.43 EPS becomes a reality. After $0.34 actual earnings per share reported by Blackbaud, Inc. for the previous quarter, Wall Street now forecasts 26.47% EPS growth.
More important recent Blackbaud, Inc. (NASDAQ:BLKB) news were published by: Fool.com which released: “Blackbaud, Inc. Delivers “Sky” High Revenue Growth” on April 28, 2016, also Fool.com published article titled: “Blackbaud, Inc. Earnings Continue to Soar Into the Cloud”, Prnewswire.com published: “Blackbaud Announces New President and General Manager of everydayhero” on September 29, 2016. More interesting news about Blackbaud, Inc. (NASDAQ:BLKB) was released by: Prnewswire.com and their article: “Blackbaud Steps Up Commitment to Strategic Markets” with publication date: October 13, 2016.
Blackbaud, Inc., incorporated on March 22, 2004, is a well-known provider of software and services for the global philanthropic community. The Company’s divisions include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU). The GMBU is focused on marketing, sales, delivery and support to all emerging and mid-sized prospects and clients in North America. The ECBU is focused on marketing, sales, delivery and support to all large and/or strategic prospects and clients in North America. The IBU is focused on marketing, sales, delivery and support to all prospects and clients outside of North America. It operates in four geographic regions: United States, Canada, Europe and Australia. The Company’s clients use its cloud and on-premises software solutions and related services to help manage donations, fundraising costs, communications with constituents and manage their finances. The Company’s solutions are designed to meet the needs of non-profits, foundations and other charitable giving organizations, and academic institutions, from large, multi-national organizations to small, emerging entities.
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