Blackbaud (BLKB) Expected to Announce Quarterly Earnings on Tuesday

Blackbaud (NASDAQ:BLKB) is anticipated to issue 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 that wish to listen to the company’s conference call can do so using this link.

Blackbaud Trading Up 2.2 %

NASDAQ BLKB opened at $79.76 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.79. Blackbaud has a twelve month low of $66.47 and a twelve month high of $88.95. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 78.20 and a beta of 1.08. The business’s fifty day moving average is $77.17 and its 200 day moving average is $80.40.

Insider Buying and Selling

In related news, CEO Michael P. Gianoni sold 800 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 373,293 shares of the company’s stock, valued at $31,039,312.95. This trade represents a 0.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sarah E. Nash sold 1,600 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $83.46, for a total value of $133,536.00. Following the transaction, the director now directly owns 22,123 shares of the company’s stock, valued at approximately $1,846,385.58. This represents a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,204 shares of company stock valued at $2,909,997 in the last three months. Insiders own 1.95% of the company’s stock.

Analyst Ratings Changes

BLKB has been the topic of several recent research reports. Robert W. Baird downgraded 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 downgraded 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.67.

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.