Callan Family Office LLC Takes $494,000 Position in Blackbaud, Inc. $BLKB

by · The Markets Daily

Callan Family Office LLC bought a new stake in shares of Blackbaud, Inc. (NASDAQ:BLKB – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 16,672 shares of the technology company’s stock, valued at approximately $494,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Blackbaud in the 2nd quarter valued at $177,153,000. Northwestern Mutual Wealth Management Co. raised its position in Blackbaud by 143,409.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,207,179 shares of the technology company’s stock valued at $139,759,000 after purchasing an additional 2,205,641 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Blackbaud by 3.9% during the first quarter. Janus Henderson Group PLC now owns 1,555,833 shares of the technology company’s stock worth $60,071,000 after purchasing an additional 58,806 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Blackbaud by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 975,085 shares of the technology company’s stock worth $61,743,000 after purchasing an additional 5,709 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its position in shares of Blackbaud by 16.7% in the fourth quarter. Van Berkom & Associates Inc. now owns 779,935 shares of the technology company’s stock worth $49,385,000 after buying an additional 111,388 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Blackbaud Trading Down 1.4%

Shares of NASDAQ BLKB opened at $47.42 on Wednesday. The stock’s 50 day moving average price is $36.11 and its two-hundred day moving average price is $37.87. Blackbaud, Inc. has a 52-week low of $25.58 and a 52-week high of $70.71. The stock has a market capitalization of $2.15 billion, a P/E ratio of 14.82, a PEG ratio of 1.65 and a beta of 0.97. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 16.82.

Blackbaud (NASDAQ:BLKB – Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.23 by $0.10. The company had revenue of $290.60 million during the quarter, compared to analyst estimates of $292.23 million. Blackbaud had a return on equity of 197.49% and a net margin of 13.12%.The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. On average, analysts anticipate that Blackbaud, Inc. will post 3.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kevin P. Gregoire sold 22,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $45.50, for a total value of $1,001,000.00. Following the transaction, the executive vice president directly owned 113,194 shares in the company, valued at approximately $5,150,327. This trade represents a 16.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Chad Anderson sold 6,205 shares of Blackbaud stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $31.31, for a total transaction of $194,278.55. Following the completion of the transaction, the chief financial officer directly owned 62,869 shares of the company’s stock, valued at $1,968,428.39. This trade represents a 8.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.01% of the company’s stock.

Analysts Set New Price Targets

BLKB has been the subject of a number of recent research reports. Stifel Nicolaus lowered their target price on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Robert W. Baird set a $54.00 price target on Blackbaud in a research report on Thursday, July 30th. Raymond James Financial restated an “outperform” rating and issued a $55.00 price target on shares of Blackbaud in a report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Blackbaud from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.50.

Read Our Latest Report on Blackbaud

Blackbaud Profile

(Free Report)

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.

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