Sepio Capital LP Sells 1,266 Shares of Blackbaud, Inc. (NASDAQ:BLKB)

Sepio Capital LP decreased its holdings in Blackbaud, Inc. (NASDAQ:BLKB) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,245 shares of the technology company’s stock after selling 1,266 shares during the quarter. Sepio Capital LP’s holdings in Blackbaud were worth $888,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BLKB. Operose Advisors LLC bought a new position in Blackbaud in the 3rd quarter valued at $25,000. GAMMA Investing LLC bought a new position in Blackbaud in the 4th quarter valued at $64,000. AXS Investments LLC bought a new position in Blackbaud in the 4th quarter valued at $181,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Blackbaud during the fourth quarter worth $207,000. Finally, Heritage Wealth Management LLC bought a new stake in shares of Blackbaud during the fourth quarter worth $208,000. Institutional investors own 94.21% of the company’s stock.

Insider Transactions at Blackbaud

In other news, SVP Jon W. Olson sold 3,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $78.63, for a total transaction of $235,890.00. Following the completion of the transaction, the senior vice president now directly owns 33,628 shares of the company’s stock, valued at $2,644,169.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Anthony W. Boor sold 429 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $74.00, for a total transaction of $31,746.00. Following the completion of the transaction, the chief financial officer now directly owns 161,368 shares of the company’s stock, valued at $11,941,232. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jon W. Olson sold 3,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $78.63, for a total value of $235,890.00. Following the sale, the senior vice president now owns 33,628 shares in the company, valued at approximately $2,644,169.64. The disclosure for this sale can be found here. Insiders sold 37,543 shares of company stock valued at $2,869,310 over the last three months. Company insiders own 1.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BLKB shares. Robert W. Baird dropped their target price on Blackbaud from $95.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. StockNews.com raised Blackbaud from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th.

Blackbaud Trading Up 0.1 %

NASDAQ:BLKB traded up $0.11 on Friday, reaching $79.32. The company’s stock had a trading volume of 214,471 shares, compared to its average volume of 219,016. Blackbaud, Inc. has a 1-year low of $64.32 and a 1-year high of $88.56. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $4.10 billion, a PE ratio of 193.47 and a beta of 1.01. The business’s 50-day moving average price is $75.95 and its two-hundred day moving average price is $77.70.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Tuesday, April 30th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Blackbaud had a return on equity of 16.66% and a net margin of 1.94%. The firm had revenue of $279.25 million during the quarter, compared to analysts’ expectations of $282.22 million. Equities research analysts anticipate that Blackbaud, Inc. will post 2.27 earnings per share for the current fiscal year.

About Blackbaud

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.