Blackbaud, Inc. (BLKB) Receives Consensus Recommendation of "Hold" from Analysts

Marco Green
April 16, 2018

Dnb Asset Management As who had been investing in Laboratory Corp Of America Holdings for a number of months, seems to be bullish on the $16.81B market cap company. The stock decreased 1.18% or $1.26 during the last trading session, reaching $105.82. About 938,948 shares traded or 37.29% up from the average. CEVA, Inc. (NASDAQ:CEVA) has risen 3.29% since April 13, 2017 and is uptrending. It has outperformed by 24.72% the S&P500.

Smith & Howard Wealth Management Llc increased its stake in Blackbaud Inc (BLKB) by 4.98% based on its latest 2017Q4 regulatory filing with the SEC. PNC Financial Services Group Inc. now owns 15,860 shares of the company's stock valued at $1,053,000 after buying an additional 2,973 shares during the period. The institutional investor held 160,100 shares of the major banks company at the end of 2017Q4, valued at $11.91 million, down from 170,100 at the end of the previous reported quarter.

Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, firms, education institutions, healthcare organizations, and other charitable giving entities in the United States, Canada, Europe, and Australia.The company has $4.95 billion market cap. Maverick Capital Ltd acquired 23,970 shares as Blackbaud Inc (BLKB)'s stock rose 5.31%. About 84,346 shares traded.

Moreover, Thrivent Financial For Lutherans has 0% invested in Blackbaud, Inc. BLKB outperformed the S&P500 by 22.80%. Investors holded 52.08 million in 2017Q3 but now own 49.80 million shares or 4.39% less. It also increased its holding in Verisk Analytics Inc (NASDAQ:VRSK) by 95,310 shares in the quarter, for a total of 488,141 shares, and has risen its stake in Fidelity Natl Information Sv (NYSE:FIS).

A number of research firms have recently weighed in on BLKB. Therefore 36% are positive.

WARNING: "Blackbaud (BLKB) Earning Somewhat Positive News Coverage, Report Finds" was originally reported by and is the sole property of of $268,669 worth of Blackbaud, Inc.

Among 40 analysts covering Citigroup Inc. On Monday, October 23 the rating was maintained by Robert W. Baird with "Neutral". Listed here are Blackbaud, Inc. (NASDAQ:CEVA) on Wednesday, November 1 with "Buy" rating. In Wednesday, October 18 report Stifel Nicolaus maintained the stock with "Buy" rating.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Tuesday, February 6th. On Thursday, February 8 the stock rating was maintained by Stifel Nicolaus with "Buy".

Blackbaud Inc (BLKB) investors sentiment decreased to 1.06 in Q4 2017. Its down 0.98, from 1.91 in 2017Q3. Schwab Charles Investment Management Inc. boosted its holdings in shares of Blackbaud by 5.1% in the third quarter.

Several research firms have issued reports on BLKB. Deutsche Bancorporation Ag has invested 0.01% of its portfolio in Blackbaud, Inc. Arizona State Retirement Systems has invested 0.01% in Ralph Lauren Corporation (NYSE:RL). Price T Rowe Assoc Inc Md reported 0.01% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB) or 10,000 shs. California State Teachers Retirement Sys reported 0% of its portfolio in CEVA, Inc. Sg Americas Securities Limited Liability owns 48,334 shares for 0.05% of their portfolio. In the last quarter, insiders sold 94,612 shares of company stock worth $9,344,203. Parametric Portfolio Assocs Limited Liability Co invested in 130,180 shares. Century Inc holds 34,687 shs. (NASDAQ:BLKB). 4,177 are held by Bb&T. American Gru invested 0% of its portfolio in CEVA, Inc. Benchmark initiated Blackbaud, Inc. (NASDAQ:BLKB) to report earnings on May, 7. That's up 13.51 % from last year's $0.37 EPS. BLKB's profit will be $19.66M for 62.99 P/E if the $0.42 EPS becomes a reality. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.04.

Blackbaud, Inc. had 13 sales and 0 insider buys since February 9, 2018. 10,000 shares valued at $1.03M were sold by Leitch Andrew M on Monday, February 26. Another trade for 8,800 shares valued at $907,632 was made by Boruff Brian on Wednesday, February 21. The insider ELLIS GEORGE H sold $61,038. On Tuesday, February 27 MOONEY KEVIN W sold $628,547 worth of Blackbaud, Inc. On Wednesday, February 28 Shares for $154,830 were sold by Olson Jon W. $438,768 worth of Blackbaud, Inc.

Investors sentiment increased to 1.2 in 2017 Q4. 134 funds opened positions while 410 raised stakes. Jpmorgan Chase Com holds 983,140 shares or 0.02% of its portfolio. Fdx reported 11,180 shares. 758,675 are owned by Weitz Mngmt. (NYSE:MO). Tru Department Mb Bancshares N A invested in 1,006 shares or 0.01% of the stock. Rhumbline Advisers reported 0.02% stake. Millennium Management Lc accumulated 12,234 shares or 0% of the stock. Livforsakringsbolaget Skandia Omsesidigt has invested 0.01% in Ralph Lauren Corporation (NYSE:RL). Alliancebernstein Lp owns 173,956 shares for 0.02% of their portfolio. Foothills Asset Mngmt has invested 1.57% in Altria Group, Inc. It turned negative, as 14 investors sold BLKB shares while 85 reduced holdings. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.40. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Altria Group Inc. had 60 analyst reports since July 31, 2015 according to SRatingsIntel. (NASDAQ:BLKB) earned "Neutral" rating by Bank of America on Wednesday, January 6. The rating was maintained by Morgan Stanley on Friday, November 3 with "Equal-Weight". The firm has "Buy" rating given on Thursday, June 30 by Stifel Nicolaus. On Thursday, March 31 the stock rating was reinitiated by Wells Fargo with "Market Perform". Zacks Investment Research upgraded shares of Blackbaud from a "hold" rating to a "buy" rating and set a $103.00 price objective on the stock in a research note on Thursday, February 8th. The stock has "Buy" rating by Citigroup on Friday, October 27.

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