Blackbaud (BLKB) Projected to Post Quarterly Earnings on Tuesday

Blackbaud (NASDAQ:BLKB) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.08 per share and revenue of $303.41 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Blackbaud Stock Down 1.1 %

Shares of BLKB stock opened at $79.88 on Monday. The stock’s 50-day simple moving average is $77.03 and its 200-day simple moving average is $80.40. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $3.93 billion, a PE ratio of 78.31 and a beta of 1.08. Blackbaud has a fifty-two week low of $66.47 and a fifty-two week high of $88.95.

Wall Street Analyst Weigh In

BLKB has been the topic of a number of research reports. Robert W. Baird lowered Blackbaud from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $92.00 to $80.00 in a report on Thursday, October 31st. Baird R W lowered Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $86.67.

Insider Buying and Selling

In other Blackbaud news, CEO Michael P. Gianoni sold 800 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $83.15, for a total transaction of $66,520.00. Following the transaction, the chief executive officer now owns 373,293 shares in the company, valued at approximately $31,039,312.95. This represents a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Anthony W. Boor sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $84.85, for a total value of $848,500.00. Following the transaction, the chief financial officer now owns 140,262 shares in the company, valued at $11,901,230.70. This represents a 6.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,204 shares of company stock valued at $2,909,997 over the last ninety days. Company insiders own 1.95% of the company’s stock.

Blackbaud Company 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.