Blackbaud (BLKB) Stock Price, News & Analysis

Company Overview

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. It also provides grant and award management solutions, consisting of Blackbaud Grantmaking and Blackbaud Award Management; education solutions, such as Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, and Blackbaud School Website System; social responsibility solutions, which includes YourCause GrantsConnect and YourCause CSRconnect, and EVERFI; Blackbaud Merchant Services and Blackbaud Purchase Cards payment services; and Blackbaud's Intelligence for Good solutions, as well as Data Health, Insights, and Performance solutions and services. The company sells its solutions and related services through its direct sales force. Blackbaud, Inc. was founded in 1981 and is headquartered in Charleston, South Carolina.

Key Stats

• Today's Range: $75.60 to $76.94
• 50-Day Range: $74.29 to $87.48
• 52-Week Range: $66.47 to $88.95
• Volume: 667,881 shs
• Average Volume: 232,634 shs
• Market Capitalization: $3.87 billion
• P/E Ratio: 74.81
• Dividend Yield: N/A
• Price Target: $86.67
• Consensus Rating: Hold

Blackbaud Stock Analysis - MarketRank™

Blackbaud scored higher than 93% of companies evaluated by MarketBeat, and ranked 79th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Blackbaud has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Blackbaud has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 17.31%

Earnings Growth

Earnings for Blackbaud are expected to grow by 17.31% in the coming year, from $2.60 to $3.05 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Blackbaud is 74.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of Blackbaud is 74.81, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 241.24.

Price to Book Value per Share Ratio

Blackbaud has a P/B Ratio of 5.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.63% of the float of Blackbaud has been sold short.

Short Interest Ratio / Days to Cover

Blackbaud has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Blackbaud has recently increased by 3.35%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Blackbaud does not currently pay a dividend.

Dividend Growth

Blackbaud does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Blackbaud is 47.06%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Blackbaud will have a dividend payout ratio of 15.74% next year. This indicates that Blackbaud will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.4 / 5
• Environmental Score: -0.28

Percentage of Shares Shorted

1.63% of the float of Blackbaud has been sold short.

Short Interest Ratio / Days to Cover

Blackbaud has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Blackbaud has recently increased by 3.35%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.21

News Sentiment

Blackbaud has a news sentiment score of 1.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Blackbaud this week, compared to 6 articles on an average week.

MarketBeat Follows

1 people have added Blackbaud to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Blackbaud insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,737,450.00 in company stock.

Percentage Held by Insiders

Only 1.95% of the stock of Blackbaud is held by insiders.

Percentage Held by Institutions

94.21% of the stock of Blackbaud is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BLKB Stock Analysis - Frequently Asked Questions

How have BLKB shares performed this year?

Blackbaud's stock was trading at $86.70 at the beginning of the year. Since then, BLKB stock has decreased by 12.0% and is now trading at $76.31.
View the best growth stocks for 2024 here.

How were Blackbaud's earnings last quarter?

Blackbaud, Inc. (NASDAQ:BLKB) released its quarterly earnings data on Wednesday, October, 30th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by $0.08. The company's revenue was up 3.3% on a year-over-year basis.

How will Blackbaud's stock buyback program work?

Blackbaud's board authorized a share repurchase plan on Tuesday, July 30th 2024, which authorizes the company to repurchase $800,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 18.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

Does Blackbaud have any subsidiaries?

Blackbaud subsidiaries include these companies: Everfi, YourCause, Reeher, JustGiving, AcademicWorks, Attentive.ly, Smart Tuition, and more.

Who are Blackbaud's major shareholders?

Blackbaud's top institutional investors include Janus Henderson Group PLC (5.62%), State Street Corp (3.25%), ArrowMark Colorado Holdings LLC (2.53%) and Geneva Capital Management LLC (2.32%). Insiders that own company stock include Michael P Gianoni, Anthony W Boor, Kevin W Mooney, Kevin P Gregoire, Kevin Mcdearis, David J Benjamin, Andrew M Leitch, Jon W Olson, Sarah E Nash and George H Ellis.
View institutional ownership trends.

How do I buy shares of Blackbaud?

Shares of BLKB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Blackbaud own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Blackbaud investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Application Software
• Current Symbol: NASDAQ:BLKB
• CUSIP: 09227Q10
• CIK: 1280058
• Web: www.blackbaud.com
• Phone: (843) 216-6200
• Fax: 843-216-6100
• Employees: 3,000
• Year Founded: 1981

Price Target and Rating

• Average Stock Price Target: $86.67
• High Stock Price Target: $95.00
• Low Stock Price Target: $80.00
• Potential Upside/Downside: +13.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.02
• Trailing P/E Ratio: 74.81
• Forward P/E Ratio: 29.35
• P/E Growth: N/A
• Net Income: $1.82 million
• Net Margins: 4.61%
• Pretax Margin: 8.05%
• Return on Equity: 20.34%
• Return on Assets: 4.51%

Debt

• Debt-to-Equity Ratio: 1.79
• Current Ratio: 0.68
• Quick Ratio: 0.68

Sales & Book Value

• Annual Sales: $1.15 billion
• Price / Sales: 3.37
• Cash Flow: $3.91 per share
• Price / Cash Flow: 19.52
• Book Value: $15.02 per share
• Price / Book: 5.08

Miscellaneous

• Outstanding Shares: 50,718,000
• Free Float: 49,729,000
• Market Cap: $3.87 billion
• Optionable: Optionable
• Beta: 1.06