Anthony W. Boor Sells 10,954 Shares of Blackbaud, Inc. (BLKB) Stock

Blackbaud, Inc. (NASDAQ:BLKB) CFO Anthony W. Boor sold 10,954 shares of Blackbaud stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $94.42, for a total transaction of $1,034,276.68. Following the sale, the chief financial officer now owns 125,224 shares of the company’s stock, valued at $11,823,650.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Blackbaud, Inc. (NASDAQ:BLKB) opened at $97.33 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.81 and a quick ratio of 0.63. Blackbaud, Inc. has a 12-month low of $68.61 and a 12-month high of $104.55. The stock has a market cap of $4,578.13, a P/E ratio of 57.35, a P/E/G ratio of 4.82 and a beta of 0.75.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.49%. Blackbaud’s dividend payout ratio (DPR) is 35.04%.

Several research firms recently issued reports on BLKB. B. Riley set a $82.00 target price on shares of Blackbaud and gave the stock a “hold” rating in a research report on Thursday, October 19th. Robert W. Baird raised their target price on shares of Blackbaud from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Zacks Investment Research raised shares of Blackbaud from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Monday, October 30th. DA Davidson began coverage on shares of Blackbaud in a research report on Friday, February 2nd. They issued a “neutral” rating and a $95.00 target price on the stock. Finally, Stifel Nicolaus raised their target price on shares of Blackbaud from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $95.33.

A number of hedge funds have recently made changes to their positions in the business. Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in Blackbaud by 5.7% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 9,775 shares of the technology company’s stock valued at $924,000 after buying an additional 525 shares in the last quarter. Prudential Financial Inc. lifted its position in Blackbaud by 1.7% during the third quarter. Prudential Financial Inc. now owns 32,760 shares of the technology company’s stock valued at $2,876,000 after buying an additional 544 shares in the last quarter. Macquarie Group Ltd. lifted its position in Blackbaud by 0.3% during the third quarter. Macquarie Group Ltd. now owns 228,300 shares of the technology company’s stock valued at $20,045,000 after buying an additional 655 shares in the last quarter. LS Investment Advisors LLC lifted its position in Blackbaud by 30.9% during the third quarter. LS Investment Advisors LLC now owns 3,694 shares of the technology company’s stock valued at $324,000 after buying an additional 872 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Blackbaud by 18.7% during the third quarter. Pacer Advisors Inc. now owns 5,614 shares of the technology company’s stock valued at $493,000 after buying an additional 886 shares in the last quarter.

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About Blackbaud

Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).

Insider Buying and Selling by Quarter for Blackbaud (NASDAQ:BLKB)

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