Blackbaud (BLKB) Stock Price, News & Analysis

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blackbaud in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BLKB shares.
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2 analysts have issued 1-year price objectives for Blackbaud's shares. Their BLKB share price targets range from $88.00 to $88.00. On average, they predict the company's share price to reach $88.00 in the next year.
View analysts price targets for BLKB or view top-rated stocks among Wall Street analysts.

Blackbaud saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 838,100 shares, an increase of 33.0% from the March 31st total of 630,200 shares. Based on an average trading volume of 295,700 shares, the short-interest ratio is presently 2.8 days. Approximately 2.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our BLKB earnings forecast.

Blackbaud, Inc. (NASDAQ:BLKB) posted its quarterly earnings results on Tuesday, February, 13th. The technology company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.09. The technology company had revenue of $295.01 million for the quarter, compared to analysts' expectations of $299.04 million. Blackbaud had a trailing twelve-month return on equity of 16.66% and a net margin of 1.94%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS.

Blackbaud (NASDAQ:BLKB) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 117.07%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, BLKB will have a dividend payout ratio of 18.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BLKB.

ETFs with the largest weight of Blackbaud (NASDAQ:BLKB) stock in their portfolio include Vanguard U.S. Minimum Volatility ETF (VFMV), SPDR S&P Software & Services ETF (XSW), Amplify Global Cloud Technology ETF (IVES), First Trust Cloud Computing ETF (SKYY), Direxion Daily Cloud Computing Bull 2x (CLDL), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU), Syntax Stratified MidCap ETF (SMDY) and Inspire Small/Mid Cap ETF (ISMD).

Blackbaud issued an update on its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of 4.120-4.380 for the period, compared to the consensus EPS estimate of 4.290. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

599 employees have rated Blackbaud Chief Executive Officer Michael Gianoni on Glassdoor.com. Michael Gianoni has an approval rating of 82% among the company's employees. 74.0% of employees surveyed would recommend working at Blackbaud to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackbaud investors own include CVS Health (CVS), Intel (INTC), Suncor Energy (SU), Broadcom (AVGO), Bank of America (BAC), Baidu (BIDU), Fortinet (FTNT), IPG Photonics (IPGP), McDonald's (MCD) and Marathon Petroleum (MPC).

Blackbaud's stock is owned by many different institutional and retail investors. Top institutional shareholders include Geneva Capital Management LLC (2.32%), Tributary Capital Management LLC (0.54%), Allspring Global Investments Holdings LLC (0.50%), Allspring Global Investments Holdings LLC (0.51%), Principal Financial Group Inc. (0.33%) and Mirae Asset Global Investments Co. Ltd. (0.17%). Insiders that own company stock include Andrew M Leitch, Anthony W Boor, David J Benjamin, George H Ellis, Jon W Olson, Joyce Nelson, Kevin Mcdearis, Kevin P Gregoire, Kevin W Mooney, Michael P Gianoni and Sarah E Nash.
View institutional ownership trends.

Shares of BLKB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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