Blackbaud, Inc. (NASDAQ: BLKB) shares acquired by Northwestern Mutual Investment Management Company LLC

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Northwestern Mutual Investment Management Company LLC increased its holdings in Blackbaud, Inc. (NASDAQ: BLKB – Get Rating) by 8.1% in the first quarter, according to its latest disclosure to the Securities & Exchange Commission. The fund held 7,425 shares of the technology company after buying an additional 557 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Blackbaud were worth $445,000 when it last filed with the Securities & Exchange Commission.

A number of other hedge funds also changed their holdings in BLKB. First Horizon Advisors Inc. raised its position in Blackbaud shares by 112.0% in the fourth quarter. First Horizon Advisors Inc. now owns 458 shares of the technology company valued at $36,000 after buying 242 additional shares in the last quarter. UMB Bank NA MO acquired a new equity stake in Blackbaud in the fourth quarter worth approximately $39,000. Lazard Asset Management LLC raised its position in Blackbaud shares by 21.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,210 shares of the technology company valued at $95,000 after buying 210 additional shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Blackbaud shares by 28.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,536 shares of the technology company valued at $121,000 after buying 343 additional shares in the last quarter. Finally, Inspire Investing LLC acquired a new equity stake in Blackbaud in the first quarter valued at approximately $235,000. 95.57% of the shares are currently held by institutional investors and hedge funds.

Blackbaud price performance

Shares of NASDAQ BLKB opened at $57.47 on Monday. The company has a 50-day simple moving average of $57.91 and a 200-day simple moving average of $59.51. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of -198.17, a growth price-to-earnings ratio of 13.49 and a beta of 0.99. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt ratio of 1.28. Blackbaud, Inc. has a 52-week low of $48.52 and a 52-week high of $86.96.

Blackbaud Inc (NASDAQ:BLKB – Get Rating) last reported quarterly earnings data on Tuesday, August 2. The technology company reported earnings per share (EPS) of $0.75 for the quarter, beating consensus analyst estimates of $0.69 by $0.06. Blackbaud had a negative net margin of 1.47% and a positive return on equity of 8.04%. During the same period last year, the company earned earnings per share of $0.32. On average, stock analysts predict that Blackbaud, Inc. will post 0.75 earnings per share for the current fiscal year.

Insider activity at Blackbaud

Separately, director George H. Ellis sold 1,500 shares of the company in a trade dated Tuesday, August 9. The shares were sold at an average price of $56.18, for a total value of $84,270.00. Following the completion of the sale, the director now owns 11,456 shares of the company, valued at $643,598.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other Blackbaud news, Executive Vice Chairman Kevin W. Mooney sold 3,394 shares in a trade dated Thursday, June 2. The shares were sold at an average price of $65.00, for a total transaction of $220,610.00. Following the completion of the transaction, the executive vice president now owns 85,777 shares of the company, valued at $5,575,505. The sale was disclosed in a legal filing with the SEC, which is available at this link. Additionally, manager George H. Ellis sold 1,500 shares in a trade dated Tuesday, August 9. The stock was sold at an average price of $56.18, for a total transaction of $84,270.00. As a result of the transaction, the administrator now directly owns 11,456 shares of the company, valued at approximately $643,598.08. The disclosure of this sale can be found here. During the last quarter, insiders sold 15,088 shares of the company valued at $939,526. 1.70% of the shares are held by insiders of the company.

About Blackbaud

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Blackbaud, Inc provides cloud software solutions to institutions of higher learning, K-12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, corporations and individual change agents in United States and around the world. The company offers fundraising and relationship management solutions, such as Blackbaud Raiser’s Edge NXT and Blackbaud CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, JustGiving and Blackbaud Guided Fundraising and Blackbaud Volunteer Network Fundraising; marketing and engagement solutions, including Blackbaud Luminate Online, Blackbaud Online Express and Blackbaud School Website System; and financial management solutions including Blackbaud Financial Edge NXT, Blackbaud Tuition Management and Blackbaud Financial Aid Management.

Further reading

Institutional ownership by quarter for Blackbaud (NASDAQ:BLKB)



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