Captrust Financial Advisors Has $2.24 Million Stock Holdings in Blackbaud, Inc. (NASDAQ:BLKB)

Captrust Financial Advisors lessened its holdings in shares of Blackbaud, Inc. (NASDAQ:BLKB - Free Report) by 70.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 26,450 shares of the technology company's stock after selling 61,954 shares during the period. Captrust Financial Advisors owned approximately 0.05% of Blackbaud worth $2,240,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Great Lakes Advisors LLC bought a new position in Blackbaud during the second quarter valued at about $4,262,000. Kestrel Investment Management Corp bought a new position in Blackbaud during the second quarter valued at about $4,795,000. First Personal Financial Services bought a new position in Blackbaud during the second quarter valued at about $1,007,000. Millennium Management LLC increased its stake in Blackbaud by 2,240.8% during the second quarter. Millennium Management LLC now owns 63,411 shares of the technology company's stock valued at $4,830,000 after acquiring an additional 60,702 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Blackbaud by 20.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 320,058 shares of the technology company's stock valued at $27,103,000 after acquiring an additional 54,138 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Insider Transactions at Blackbaud

In other Blackbaud news, SVP Jon W. Olson sold 2,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $85.00, for a total transaction of $170,000.00. Following the transaction, the senior vice president now owns 24,025 shares of the company's stock, valued at approximately $2,042,125. This represents a 7.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael P. Gianoni sold 800 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $83.15, for a total value of $66,520.00. Following the transaction, the chief executive officer now directly owns 373,293 shares in the company, valued at approximately $31,039,312.95. This represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,394 shares of company stock valued at $4,373,270 in the last three months. 1.95% of the stock is owned by corporate insiders.

Blackbaud Price Performance

Shares of BLKB traded down $0.87 on Friday, hitting $79.93. The company's stock had a trading volume of 209,833 shares, compared to its average volume of 231,637. The company has a market capitalization of $4.05 billion, a PE ratio of 78.43 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.68 and a quick ratio of 0.68. Blackbaud, Inc. has a fifty-two week low of $66.47 and a fifty-two week high of $88.95. The company has a 50 day moving average price of $83.52 and a 200 day moving average price of $80.46.

Blackbaud (NASDAQ:BLKB - Get Free Report) last announced its earnings results on Wednesday, October 30th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.08). The business had revenue of $286.70 million during the quarter, compared to analyst estimates of $293.74 million. Blackbaud had a return on equity of 20.34% and a net margin of 4.61%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, research analysts anticipate that Blackbaud, Inc. will post 2.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLKB has been the topic of several research reports. Stifel Nicolaus boosted their price target on Blackbaud from $80.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, September 26th. Raymond James lowered their price target on Blackbaud from $98.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, October 7th. Robert W. Baird lowered Blackbaud from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $92.00 to $80.00 in a research note on Thursday, October 31st. Finally, Baird R W lowered Blackbaud from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $86.67.

Blackbaud 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.