Blackbaud (NASDAQ:BLKB) announced a quarterly dividend on Tuesday, May 1st, Wall Street Journal reports. Shareholders of record on Friday, May 25th will be given a dividend of 0.12 per share by the technology company on Friday, June 15th. This represents a $0.48 annualized dividend and a yield of 0.49%. The ex-dividend date is Thursday, May 24th.
Blackbaud opened at $98.70 on Friday, according to MarketBeat.com. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 62.08, a price-to-earnings-growth ratio of 4.16 and a beta of 0.66. Blackbaud has a 52 week low of $79.64 and a 52 week high of $116.07. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.33.
Blackbaud (NASDAQ:BLKB) last released its quarterly earnings data on Monday, April 30th. The technology company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.07. The business had revenue of $204.18 million for the quarter, compared to the consensus estimate of $204.29 million. Blackbaud had a net margin of 8.92% and a return on equity of 28.66%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. analysts anticipate that Blackbaud will post 2.03 earnings per share for the current fiscal year.
BLKB has been the topic of several recent research reports. Stifel Nicolaus upped their price objective on shares of Blackbaud from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, March 22nd. DA Davidson initiated coverage on shares of Blackbaud in a report on Friday, February 2nd. They set a “neutral” rating and a $95.00 price objective on the stock. BidaskClub raised shares of Blackbaud from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. Zacks Investment Research raised shares of Blackbaud from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Thursday, February 8th. Finally, B. Riley increased their price target on shares of Blackbaud from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $103.14.
In other news, EVP Kevin W. Mooney sold 6,020 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $104.41, for a total value of $628,548.20. Following the sale, the executive vice president now directly owns 79,476 shares of the company’s stock, valued at $8,298,089.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew M. Leitch sold 10,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $102.96, for a total transaction of $1,029,600.00. Following the completion of the sale, the director now directly owns 28,848 shares in the company, valued at $2,970,190.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,920 shares of company stock worth $2,985,148. Insiders own 1.55% of the company’s stock.
Blackbaud Company Profile
Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, corporations, education institutions, healthcare organizations, and other charitable giving entities primarily in the United States, Canada, the United Kingdom, and Australia. The company offers Raiser's Edge NXT and Blackbaud CRM (constituent relationship management), which are fundraising and relationship management solutions; Luminate CRM for campaign management, constituent relations, business intelligence, and analytics; eTapestry, a cloud fundraising and donor management solution; everydayhero, a cloud crowdfundraising solution; and JustGiving, a social platform for giving.
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