Somewhat Positive News Coverage Somewhat Unlikely to Affect Blackbaud (BLKB) Share Price

Press coverage about Blackbaud (NASDAQ:BLKB) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blackbaud earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.4915887840133 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of Blackbaud (NASDAQ:BLKB) traded up $0.62 on Wednesday, hitting $96.13. 108,318 shares of the company’s stock were exchanged, compared to its average volume of 303,448. Blackbaud has a 1-year low of $61.98 and a 1-year high of $104.55. The firm has a market capitalization of $4,625.26, a PE ratio of 88.19, a PEG ratio of 5.90 and a beta of 0.82. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.19.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Blackbaud had a net margin of 6.82% and a return on equity of 31.25%. The business had revenue of $195.51 million during the quarter, compared to analysts’ expectations of $196.35 million. During the same period last year, the business earned $0.45 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. equities analysts forecast that Blackbaud will post 1.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Monday, November 27th. Blackbaud’s dividend payout ratio is presently 44.04%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Blackbaud from a “buy” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird set a $85.00 price objective on shares of Blackbaud and gave the stock a “hold” rating in a research report on Sunday, October 1st. BidaskClub cut shares of Blackbaud from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. B. Riley set a $82.00 price objective on shares of Blackbaud and gave the stock a “hold” rating in a research report on Thursday, October 19th. Finally, Dougherty & Co assumed coverage on shares of Blackbaud in a research report on Tuesday, October 31st. They set a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $94.75.

In related news, EVP Kevin W. Mooney sold 4,466 shares of Blackbaud stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $101.00, for a total value of $451,066.00. Following the completion of the transaction, the executive vice president now owns 71,655 shares in the company, valued at $7,237,155. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Anthony W. Boor sold 1,989 shares of Blackbaud stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $98.26, for a total transaction of $195,439.14. Following the completion of the transaction, the chief financial officer now owns 105,342 shares of the company’s stock, valued at approximately $10,350,904.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,655 shares of company stock valued at $972,923. Company insiders own 2.19% of the company’s stock.

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Blackbaud Company Profile

Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).

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