Brookstone Capital Management raised its stake in shares of Blackbaud, Inc. (NASDAQ:BLKB – Get Rating) by 3.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,151 shares of the technology company's stock after buying an additional 233 shares during the period. Brookstone Capital Management's holdings in Blackbaud were worth $421,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors boosted its stake in shares of Blackbaud by 20.1% during the 1st quarter. Captrust Financial Advisors now owns 2,232 shares of the technology company's stock valued at $134,000 after buying an additional 374 shares during the period. Point72 Hong Kong Ltd boosted its stake in shares of Blackbaud by 400.8% during the 1st quarter. Point72 Hong Kong Ltd now owns 3,000 shares of the technology company's stock valued at $180,000 after buying an additional 2,401 shares during the period. Keebeck Alpha LP acquired a new stake in shares of Blackbaud during the 1st quarter valued at $204,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Blackbaud by 611.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,538 shares of the technology company's stock valued at $279,000 after buying an additional 3,041 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of Blackbaud during the 1st quarter valued at $225,000. Institutional investors and hedge funds own 98.64% of the company's stock.
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In other news, COO Kevin P. Gregoire sold 1,800 shares of the firm's stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $57.10, for a total transaction of $102,780.00. Following the transaction, the chief operating officer now owns 98,381 shares in the company, valued at approximately $5,617,555.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Kevin P. Gregoire sold 1,800 shares of Blackbaud stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $57.10, for a total value of $102,780.00. Following the transaction, the chief operating officer now owns 98,381 shares in the company, valued at approximately $5,617,555.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George H. Ellis sold 1,500 shares of Blackbaud stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $56.18, for a total transaction of $84,270.00. Following the completion of the transaction, the director now owns 11,456 shares in the company, valued at approximately $643,598.08. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
Blackbaud Trading Up 0.6 %
Shares of NASDAQ:BLKB opened at $45.57 on Friday. The firm has a market capitalization of $2.42 billion, a P/E ratio of -157.13, a price-to-earnings-growth ratio of 19.95 and a beta of 1.01. The firm has a fifty day moving average of $54.15 and a two-hundred day moving average of $56.97. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.28. Blackbaud, Inc. has a 12-month low of $43.84 and a 12-month high of $86.96.Blackbaud (NASDAQ:BLKB – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The technology company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.13. The business had revenue of $264.93 million for the quarter, compared to the consensus estimate of $266.96 million. Blackbaud had a negative net margin of 1.47% and a positive return on equity of 8.04%. During the same quarter last year, the firm earned $0.32 EPS. On average, equities analysts expect that Blackbaud, Inc. will post 0.75 EPS for the current fiscal year.
Blackbaud Profile
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Blackbaud, Inc provides cloud software solutions to higher education institutions, K-12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies, and individual change agents in the United States and internationally. The company offers fundraising and relationship management solutions, such as Blackbaud Raiser's Edge NXT and Blackbaud CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, JustGiving, and Blackbaud Guided Fundraising and Blackbaud Volunteer Network Fundraising; marketing and engagement solutions, including Blackbaud Luminate Online, Blackbaud Online Express, and Blackbaud School Website System; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid Management.
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