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

July 18, 2017 - By Ellis Scott

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

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 worsened, as 94 hedge funds increased and started new positions, while 95 decreased and sold stock positions in Blackbaud Inc. The hedge funds in our partner’s database now own: 51.96 million shares, up from 50.00 million shares in 2016Q3. Also, the number of hedge funds 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 await Blackbaud, Inc. (NASDAQ:BLKB) to report earnings on August, 7. They expect $0.40 earnings per share, up 14.29 % or $0.05 from last year’s $0.35 per share. BLKB’s profit will be $19.26 million for 55.30 P/E if the $0.40 EPS becomes a reality. After $0.37 actual earnings per share reported by Blackbaud, Inc. for the previous quarter, Wall Street now forecasts 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 insider sales 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. Stifel Nicolaus maintained Blackbaud, Inc. (NASDAQ:BLKB) on Friday, February 10 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, October 13 by B. Riley & Co. The firm has “Sector Weight” rating by Pacific Crest given on Tuesday, March 22. On Wednesday, January 6 the stock rating was initiated by Bank of America with “Neutral”. The rating was downgraded by Robert W. Baird to “Neutral” on Tuesday, February 28. The stock has “Hold” rating by Wunderlich on Friday, February 10. Robert W. Baird initiated Blackbaud, Inc. (NASDAQ:BLKB) on Thursday, December 10 with “Outperform” rating. Stifel Nicolaus maintained Blackbaud, Inc. (NASDAQ:BLKB) on Thursday, June 30 with “Buy” rating. Benchmark initiated the stock with “Buy” rating in Thursday, November 19 report. The company was initiated on Monday, June 27 by Evercore.

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

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