Price Action to Note: Blackbaud, Inc.’s Stock Is Buy After Today’s Huge Increase

Price Action to Note: Blackbaud, Inc.'s Stock Is Buy After Today's Huge Increase

The stock of Blackbaud, Inc. (NASDAQ:BLKB) is a huge mover today! About 143,549 shares traded hands. Blackbaud, Inc. (NASDAQ:BLKB) has risen 2.45% since April 28, 2016 and is uptrending. It has underperformed by 3.48% the S&P500.
The move comes after 7 months positive chart setup for the $2.88B company. It was reported on Dec, 1 by Barchart.com. We have $67.20 PT which if reached, will make NASDAQ:BLKB worth $259.20 million more.

Analysts await Blackbaud, Inc. (NASDAQ:BLKB) to report earnings on February, 14. They expect $0.43 earnings per share, up 43.33% or $0.13 from last year’s $0.3 per share. BLKB’s profit will be $20.09M for 35.84 P/E if the $0.43 EPS becomes a reality. After $0.34 actual earnings per share reported by Blackbaud, Inc. for the previous quarter, Wall Street now forecasts 26.47% EPS growth.

Blackbaud, Inc. (NASDAQ:BLKB) Ratings Coverage

Out of 9 analysts covering Blackbaud Inc (NASDAQ:BLKB), 6 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 67% are positive. Blackbaud Inc has been the topic of 12 analyst reports since October 13, 2015 according to StockzIntelligence Inc. Robert W. Baird initiated it with “Outperform” rating and $75 target price in Thursday, December 10 report. The rating was initiated by Pacific Crest on Tuesday, March 22 with “Sector Weight”. Wunderlich initiated the shares of BLKB in a report on Thursday, February 18 with “Buy” rating. The firm has “Underperform” rating given on Wednesday, November 23 by Bank of America. Benchmark initiated the stock with “Buy” rating in Thursday, November 19 report. The firm earned “Neutral” rating on Wednesday, January 6 by Bank of America. On Thursday, June 30 the stock rating was maintained by Stifel Nicolaus with “Buy”. Evercore initiated the shares of BLKB in a report on Monday, June 27 with “Hold” rating. B. Riley & Co initiated it with “Neutral” rating and $66 target price in Tuesday, October 13 report.

According to Zacks Investment Research, “Blackbaud is the leading global provider of software and related services designed specifically for nonprofit organizations. Blackbaud’s solutions include The Raiser’s Edge, The Financial Edge, The Education Edge, The Information Edge, WealthPoint and ProspectPoint, as well as a wide range of consulting and educational services. Blackbaud has operations in Toronto, Ontario, Glasgow, Scotland, and Sydney, Australia.”

Insitutional Activity: The institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.27, from 1.11 in 2016Q1. The ratio increased, as 26 funds sold all Blackbaud, Inc. shares owned while 63 reduced positions. 24 funds bought stakes while 75 increased positions. They now own 47.90 million shares or 2.69% less from 49.23 million shares in 2016Q1.
Victory Capital Management has invested 0% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). First Mercantile Trust has 0.13% invested in the company for 15,011 shares. Envestnet Asset Management Inc holds 33,424 shares or 0.01% of its portfolio. Great West Life Assurance Can reported 4,776 shares or 0% of all its holdings. Goldman Sachs Group Inc, a New York-based fund reported 119,624 shares. Royal National Bank & Trust Of Canada last reported 16,131 shares in the company. Timessquare Capital Mgmt Limited Liability Com accumulated 0.19% or 415,855 shares. Moreover, Cramer Rosenthal Mcglynn Limited Liability Corporation has 0.25% invested in Blackbaud, Inc. (NASDAQ:BLKB) for 227,300 shares. The Tennessee-based State Of Tennessee Treasury Department has invested 0.01% in Blackbaud, Inc. (NASDAQ:BLKB). Geode Mgmt Ltd Co accumulated 339,935 shares or 0.01% of the stock. National Bank & Trust Of Ny Mellon last reported 605,185 shares in the company. City holds 0% or 80 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 1,097 shares. Gsa Capital Limited Liability Partnership last reported 0.02% of its portfolio in the stock. Credit Suisse Ag accumulated 35,768 shares or 0% of the stock.

Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 13 sales for $3.49 million net activity. The insider CHOU TIMOTHY C K sold $202,239. 1,500 shares were sold by ELLIS GEORGE H, worth $94,260. Cumbaa Charles T sold $304,896 worth of stock. 5,608 Blackbaud, Inc. (NASDAQ:BLKB) shares with value of $364,632 were sold by BOOR ANTHONY W. 1,000 shares were sold by Nelson Joyce, worth $64,690 on Tuesday, November 15. 2,255 shares were sold by MISTRETTA JOHN J, worth $157,850 on Tuesday, July 12. The insider MOONEY KEVIN W sold $262,811.

More important recent Blackbaud, Inc. (NASDAQ:BLKB) news were published by: Fool.com which released: “Blackbaud, Inc. Delivers “Sky” High Revenue Growth” on April 28, 2016, also Fool.com published article titled: “Blackbaud, Inc. Earnings Continue to Soar Into the Cloud”, Prnewswire.com published: “Blackbaud Announces New President and General Manager of everydayhero” on September 29, 2016. More interesting news about Blackbaud, Inc. (NASDAQ:BLKB) was released by: Prnewswire.com and their article: “Blackbaud Steps Up Commitment to Strategic Markets” with publication date: October 13, 2016.

BLKB Company Profile

Blackbaud, Inc., incorporated on March 22, 2004, is a well-known provider of software and services for the global philanthropic community. The Company’s divisions include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU). The GMBU is focused on marketing, sales, delivery and support to all emerging and mid-sized prospects and clients in North America. The ECBU is focused on marketing, sales, delivery and support to all large and/or strategic prospects and clients in North America. The IBU is focused on marketing, sales, delivery and support to all prospects and clients outside of North America. It operates in four geographic regions: United States, Canada, Europe and Australia. The Company’s clients use its cloud and on-premises software solutions and related services to help manage donations, fundraising costs, communications with constituents and manage their finances. The Company’s solutions are designed to meet the needs of non-profits, foundations and other charitable giving organizations, and academic institutions, from large, multi-national organizations to small, emerging entities.

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