Equities research analysts predict that Blackbaud, Inc. (NASDAQ:BLKB) will announce sales of $205.63 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Blackbaud’s earnings. The lowest sales estimate is $202.60 million and the highest is $209.00 million. Blackbaud posted sales of $195.51 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that Blackbaud will report full-year sales of $846.74 million for the current fiscal year, with estimates ranging from $844.00 million to $849.30 million. For the next financial year, analysts forecast that the business will post sales of $899.74 million, with estimates ranging from $855.30 million to $929.68 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Blackbaud.

Blackbaud (NASDAQ:BLKB) last released its earnings results on Monday, July 30th. The technology company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. The business had revenue of $214.60 million for the quarter, compared to the consensus estimate of $214.80 million. Blackbaud had a net margin of 8.14% and a return on equity of 27.70%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share.

A number of research analysts recently commented on BLKB shares. Raymond James downgraded shares of Blackbaud from an “outperform” rating to a “market perform” rating in a research report on Tuesday. William Blair downgraded shares of Blackbaud from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 31st. BidaskClub downgraded shares of Blackbaud from a “buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC started coverage on shares of Blackbaud in a research report on Wednesday, July 18th. They set a “hold” rating on the stock. Finally, Robert W. Baird lowered their price objective on shares of Blackbaud from $105.00 to $82.00 and set a “neutral” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company. Blackbaud has an average rating of “Hold” and a consensus target price of $96.88.

In other Blackbaud news, Director Andrew M. Leitch sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $95.72, for a total value of $287,160.00. Following the completion of the sale, the director now directly owns 24,457 shares of the company’s stock, valued at $2,341,024.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George H. Ellis sold 2,652 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $96.16, for a total transaction of $255,016.32. Following the completion of the sale, the director now directly owns 7,730 shares of the company’s stock, valued at $743,316.80. The disclosure for this sale can be found here. Insiders own 1.55% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Northern Trust Corp grew its position in Blackbaud by 2.2% in the second quarter. Northern Trust Corp now owns 916,142 shares of the technology company’s stock worth $93,860,000 after acquiring an additional 20,136 shares in the last quarter. Global X Management Co LLC bought a new stake in Blackbaud in the second quarter worth approximately $163,000. MetLife Investment Advisors LLC grew its position in Blackbaud by 146.2% in the second quarter. MetLife Investment Advisors LLC now owns 52,430 shares of the technology company’s stock worth $5,371,000 after acquiring an additional 31,132 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in Blackbaud by 3.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 28,460 shares of the technology company’s stock worth $2,916,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in Blackbaud by 101.5% in the second quarter. Macquarie Group Ltd. now owns 390,895 shares of the technology company’s stock worth $40,047,000 after acquiring an additional 196,916 shares in the last quarter.

BLKB traded up $1.28 on Friday, reaching $74.08. 444,624 shares of the company traded hands, compared to its average volume of 308,667. Blackbaud has a 52-week low of $69.62 and a 52-week high of $120.35. The company has a market capitalization of $4.93 billion, a PE ratio of 46.59, a PEG ratio of 4.69 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.77 and a current ratio of 0.77.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Tuesday, August 28th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Monday, August 27th. Blackbaud’s payout ratio is presently 30.19%.

About Blackbaud

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, corporations, education institutions, healthcare organizations, and other charitable giving entities primarily in the United States, Canada, the United Kingdom, and Australia. The company offers Raiser's Edge NXT and Blackbaud CRM (constituent relationship management), which are fundraising and relationship management solutions; Luminate CRM for campaign management, constituent relations, business intelligence, and analytics; eTapestry, a cloud fundraising and donor management solution; everydayhero, a cloud crowdfundraising solution; and JustGiving, a social platform for giving.

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