Is Blackbaud Incorporated (NASDAQ:BLKB)’s Fuel Running Low? Reports Show More Sellers

October 15, 2017 - By Adrian Mccoy

 Is Blackbaud Incorporated (NASDAQ:BLKB)’s Fuel Running Low? Reports Show More Sellers

Investors sentiment increased to 1.42 in Q2 2017. Its up 0.07, from 1.35 in 2017Q1. It improved, as 22 investors sold Blackbaud, Inc. shares while 62 reduced holdings. 44 funds opened positions while 75 raised stakes. 52.56 million shares or 1.98% less from 53.62 million shares in 2017Q1 were reported.
First Manhattan owns 866 shares for 0% of their portfolio. Aqr Mngmt Ltd Liability Com invested in 0% or 9,458 shares. Whittier Tru Com Of Nevada invested in 0% or 60 shares. 6,851 are held by Amalgamated National Bank. 28,876 are held by Great West Life Assurance Can. California Pub Employees Retirement System holds 0.01% or 68,000 shares in its portfolio. 1St Advisors accumulated 9,588 shares or 0.09% of the stock. Pioneer Inv Mgmt owns 137,502 shares. Northwestern Mutual Wealth Mgmt Com stated it has 1,537 shares or 0% of all its holdings. Bancorp Of America Corp De invested in 0.01% or 448,209 shares. Daiwa Sb Investments Ltd has invested 0.24% in Blackbaud, Inc. (NASDAQ:BLKB). Redmond Asset Mgmt Limited Liability Corp reported 13,411 shares. Thrivent Financial For Lutherans reported 0% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). Goldman Sachs Grp Incorporated Incorporated has invested 0% in Blackbaud, Inc. (NASDAQ:BLKB). The California-based Ami Asset Mgmt Corp has invested 0.29% in Blackbaud, Inc. (NASDAQ:BLKB).

Since April 28, 2017, it had 0 insider buys, and 7 insider sales for $2.16 million activity. Nash Sarah E sold $64,903 worth of Blackbaud, Inc. (NASDAQ:BLKB) on Wednesday, May 17. BOOR ANTHONY W also sold $713,437 worth of Blackbaud, Inc. (NASDAQ:BLKB) on Thursday, May 4. MOONEY KEVIN W also sold $402,986 worth of Blackbaud, Inc. (NASDAQ:BLKB) on Tuesday, May 9. Another trade for 1,750 shares valued at $138,040 was sold by ELLIS GEORGE H.

The stock of Blackbaud Incorporated (NASDAQ:BLKB) registered an increase of 2.11% in short interest. BLKB’s total short interest was 6.40M shares in October as published by FINRA. Its up 2.11% from 6.27 million shares, reported previously. With 191,600 shares average volume, it will take short sellers 33 days to cover their BLKB’s short positions. The short interest to Blackbaud Incorporated’s float is 14.08%.

The stock decreased 0.44% or $0.4 on October 13, reaching $90.71. About 236,252 shares traded or 7.82% up from the average. Blackbaud, Inc. (NASDAQ:BLKB) has risen 35.80% since October 15, 2016 and is uptrending. It has outperformed by 19.10% the S&P500.

Blackbaud, Inc. is a cloud software company. The company has market cap of $4.36 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 88.14 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).

Blackbaud, Inc. (NASDAQ:BLKB) Ratings Coverage

Among 11 analysts covering Blackbaud Inc (NASDAQ:BLKB), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Blackbaud Inc had 19 analyst reports since October 13, 2015 according to SRatingsIntel. On Friday, February 10 the stock rating was downgraded by Wunderlich to “Hold”. Stifel Nicolaus maintained it with “Buy” rating and $79 target in Friday, February 10 report. The stock of Blackbaud, Inc. (NASDAQ:BLKB) has “Sector Weight” rating given on Tuesday, March 22 by Pacific Crest. The rating was initiated by Bank of America on Wednesday, January 6 with “Neutral”. Robert W. Baird maintained Blackbaud, Inc. (NASDAQ:BLKB) rating on Friday, September 29. Robert W. Baird has “Hold” rating and $85.0 target. The stock has “Underperform” rating by Bank of America on Wednesday, November 23. The rating was initiated by Evercore on Monday, June 27 with “Hold”. The rating was maintained by Stifel Nicolaus on Tuesday, September 12 with “Buy”. Benchmark initiated the shares of BLKB in report on Thursday, November 19 with “Buy” rating. The stock of Blackbaud, Inc. (NASDAQ:BLKB) earned “Buy” rating by Wunderlich on Thursday, February 18.

More news for Blackbaud, Inc. (NASDAQ:BLKB) were recently published by: Seekingalpha.com, which released: “Blackbaud: Unique SaaS Company With A Niche Value Proposition” on October 06, 2017. Prnewswire.com‘s article titled: “Blackbaud Completes Acquisition of JustGiving” and published on October 03, 2017 is yet another important article.

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