Blackbaud Inc (NASDAQ:BLKB) Institutional Investors Sentiment Unchanged in 2016 Q4

July 18, 2017 - By Kurt Siggers

 Blackbaud Inc (NASDAQ:BLKB) Institutional Investors Sentiment Unchanged in  2016 Q4

Sentiment for Blackbaud Inc (NASDAQ:BLKB)

Blackbaud Inc (NASDAQ:BLKB) institutional sentiment decreased to 0.99 in 2016 Q4. Its down -0.39, from 1.38 in 2016Q3. The ratio dived, as 94 active investment managers started new and increased positions, while 95 trimmed and sold stakes in Blackbaud Inc. The active investment managers in our partner’s database now hold: 51.96 million shares, up from 50.00 million shares in 2016Q3. Also, the number of active investment managers holding Blackbaud Inc in their top 10 positions was flat from 4 to 4 for the same number . Sold All: 27 Reduced: 68 Increased: 69 New Position: 25.

Blackbaud, Inc. is a cloud software company. The company has market cap of $4.26 billion. The Firm offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. It has a 89.76 P/E ratio. The Company’s divisions include the General Markets Business Unit , the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).

The stock decreased 0.33% or $0.29 during the last trading session, reaching $88.48. About shares traded. Blackbaud, Inc. (NASDAQ:BLKB) has risen 35.80% since July 18, 2016 and is uptrending. It has outperformed by 19.10% the S&P500.

Analysts expect Blackbaud, Inc. (NASDAQ:BLKB) to report $0.40 EPS on August, 7.They anticipate $0.05 EPS change or 14.29 % from last quarter’s $0.35 EPS. BLKB’s profit would be $19.26M giving it 55.30 P/E if the $0.40 EPS is correct. After having $0.37 EPS previously, Blackbaud, Inc.’s analysts see 8.11 % EPS growth.

Brown Capital Management Llc holds 4.89% of its portfolio in Blackbaud, Inc. for 5.23 million shares. Rgm Capital Llc owns 619,030 shares or 4.32% of their US portfolio. Moreover, Night Owl Capital Management Llc has 3.61% invested in the company for 95,964 shares. The New York-based Sandhill Capital Partners Llc has invested 3.1% in the stock. Conestoga Capital Advisors Llc, a Pennsylvania-based fund reported 703,961 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 20 selling transactions for $9.38 million activity.

Blackbaud, Inc. (NASDAQ:BLKB) Ratings Coverage

Ratings analysis reveals 50% of Blackbaud Inc’s analysts are positive. Out of 10 Wall Street analysts rating Blackbaud Inc, 5 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $66 while the high is $90. The stock’s average target of $77 is -12.97% below today’s ($88.48) share price. BLKB was included in 16 notes of analysts from October 13, 2015. As per Thursday, December 10, the company rating was initiated by Robert W. Baird. The firm earned “Buy” rating on Thursday, February 18 by Wunderlich. Benchmark initiated the stock with “Buy” rating in Thursday, November 19 report. The firm earned “Sector Weight” rating on Tuesday, March 22 by Pacific Crest. The stock has “Neutral” rating by B. Riley & Co on Tuesday, October 13. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, June 30. The stock of Blackbaud, Inc. (NASDAQ:BLKB) earned “Hold” rating by Evercore on Monday, June 27. The stock of Blackbaud, Inc. (NASDAQ:BLKB) has “Neutral” rating given on Wednesday, January 6 by Bank of America. The rating was downgraded by Wunderlich to “Hold” on Friday, February 10. As per Tuesday, February 28, the company rating was downgraded by Robert W. Baird.

More notable recent Blackbaud, Inc. (NASDAQ:BLKB) news were published by: Prnewswire.com which released: “Blackbaud’s Intelligence for Goodâ„¢ Named Best AI Innovation in Charity” on June 30, 2017, also Prnewswire.com with their article: “Blackbaud Announces Date of Second Quarter 2017 Financial Results” published on July 12, 2017, Prnewswire.com published: “Award-Winning Actress and International Women’s Advocate Robin Wright to …” on July 14, 2017. More interesting news about Blackbaud, Inc. (NASDAQ:BLKB) were released by: Postandcourier.com and their article: “Charleston-based Blackbaud moves into crowdfunding with its biggest …” published on June 26, 2017 as well as Seekingalpha.com‘s news article titled: “Blackbaud: Overvalued And Overleveraged” with publication date: June 22, 2017.

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