As Blackbaud INC Com (BLKB) Market Value Rose, Shareholder Ami Asset Management Corp Has Boosted Its Stake

June 19, 2017 - By Marguerite Chambers

Investors sentiment decreased to 0.99 in 2016 Q4. Its down 0.39, from 1.38 in 2016Q3. It dived, as 27 investors sold BLKB shares while 68 reduced holdings. 25 funds opened positions while 69 raised stakes. 51.96 million shares or 3.92% more from 50.00 million shares in 2016Q3 were reported. Jackson Square Limited Com reported 1.76 million shares. Stifel holds 0% or 12,525 shares in its portfolio. Rhumbline Advisers holds 0.01% or 72,242 shares. Moreover, Tortoise Invest Management Ltd Llc has 0% invested in Blackbaud, Inc. (NASDAQ:BLKB). Td Asset Incorporated holds 0% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB) for 6,000 shares. 2,010 are owned by Fortaleza Asset. First Trust Advsr LP invested in 15,360 shares. Proshare Advisors Limited Liability accumulated 9,660 shares or 0.01% of the stock. Brown Cap holds 5.23 million shares. 71,563 are held by Smith & Howard Wealth Ltd Company. Schaper Benz Wise Inv Counsel Inc Wi has invested 0.06% in Blackbaud, Inc. (NASDAQ:BLKB). Focused Wealth Management Inc holds 122 shares. Bessemer Group Inc Inc reported 13,900 shares. Glenmede Trust Na has invested 0% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). Regions Fincl Corp reported 4,007 shares.

Since January 3, 2017, it had 0 insider buys, and 22 sales for $10.63 million activity. $485,684 worth of Blackbaud, Inc. (NASDAQ:BLKB) shares were sold by MISTRETTA JOHN J. On Thursday, February 16 the insider BOOR ANTHONY W sold $219,652. Shares for $249,430 were sold by CHOU TIMOTHY C K on Monday, February 13. $402,986 worth of Blackbaud, Inc. (NASDAQ:BLKB) was sold by MOONEY KEVIN W. $138,040 worth of stock was sold by ELLIS GEORGE H on Thursday, May 4. The insider Nelson Joyce sold 1,000 shares worth $71,070. Cumbaa Charles T had sold 7,683 shares worth $549,335.

Ami Asset Management Corp increased its stake in Blackbaud Inc Com (BLKB) by 135.06% based on its latest 2016Q4 regulatory filing with the SEC. Ami Asset Management Corp bought 91,829 shares as the company’s stock rose 9.41% with the market. The hedge fund held 159,822 shares of the technology company at the end of 2016Q4, valued at $10.23 million, up from 67,993 at the end of the previous reported quarter. Ami Asset Management Corp who had been investing in Blackbaud Inc Com for a number of months, seems to be bullish on the $4.27B market cap company. The stock rose 1.58% or $1.37 reaching $87.98 per share. About 40,797 shares traded. Blackbaud, Inc. (NASDAQ:BLKB) has risen 35.80% since June 19, 2016 and is uptrending. It has outperformed by 19.10% the S&P500.

Ami Asset Management Corp, which manages about $1.42 billion and $1.35 billion US Long portfolio, decreased its stake in Becton Dickinson & Co (NYSE:BDX) by 20,369 shares to 224,371 shares, valued at $37.15M in 2016Q4, according to the filing. It also reduced its holding in Church & Dwight Inc Com (NYSE:CHD) by 98,707 shares in the quarter, leaving it with 1.06 million shares, and cut its stake in Apple Computer Inc Com (NASDAQ:AAPL).

More notable recent Blackbaud, Inc. (NASDAQ:BLKB) news were published by: Prnewswire.com which released: “Blackbaud’s Intelligence for Goodâ„¢ Transforms Artificial Intelligence into Impact” on April 27, 2017, also Postandcourier.com with their article: “Charleston-based Blackbaud says expanded financing deal will give it room to grow” published on June 12, 2017, Fool.com published: “Growing Software Subscriptions Drive Blackbaud, Inc. First-Quarter Results” on May 02, 2017. More interesting news about Blackbaud, Inc. (NASDAQ:BLKB) were released by: Prnewswire.com and their article: “Blackbaud Connects Measurement of Customers’ Impact to the United Nations …” published on May 16, 2017 as well as Nasdaq.com‘s news article titled: “Blackbaud, Inc. (BLKB) Ex-Dividend Date Scheduled for May 24, 2017” with publication date: May 23, 2017.

Blackbaud, Inc. (NASDAQ:BLKB) Ratings Coverage

Among 10 analysts covering Blackbaud Inc (NASDAQ:BLKB), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Blackbaud Inc had 16 analyst reports since October 13, 2015 according to SRatingsIntel. The stock of Blackbaud, Inc. (NASDAQ:BLKB) earned “Buy” rating by Benchmark on Thursday, November 19. The stock has “Underperform” rating by Bank of America on Wednesday, November 23. Stifel Nicolaus maintained Blackbaud, Inc. (NASDAQ:BLKB) on Thursday, June 30 with “Buy” rating. The stock of Blackbaud, Inc. (NASDAQ:BLKB) has “Neutral” rating given on Wednesday, January 6 by Bank of America. The stock of Blackbaud, Inc. (NASDAQ:BLKB) earned “Buy” rating by Wunderlich on Thursday, February 18. As per Tuesday, February 28, the company rating was downgraded by Robert W. Baird. The stock has “Buy” rating by Stifel Nicolaus on Friday, February 10. The firm has “Sector Weight” rating given on Tuesday, March 22 by Pacific Crest. On Monday, June 27 the stock rating was initiated by Evercore with “Hold”. The firm has “Hold” rating by Wunderlich given on Friday, February 10.

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