Blackbaud, Inc. (NASDAQ:BLKB) EVP Kevin W. Mooney sold 2,710 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $99.14, for a total transaction of $268,669.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Blackbaud, Inc. (NASDAQ:BLKB) opened at $100.12 on Wednesday. Blackbaud, Inc. has a 52 week low of $71.48 and a 52 week high of $104.55. The company has a market cap of $4,811.37, a PE ratio of 60.27, a P/E/G ratio of 5.06 and a beta of 0.75. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.40.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.48 dividend on an annualized basis and a yield of 0.48%. Blackbaud’s dividend payout ratio (DPR) is currently 35.04%.
A number of equities research analysts have recently issued reports on BLKB shares. BidaskClub cut shares of Blackbaud from a “hold” rating to a “sell” rating in a report on Friday, January 19th. B. Riley set a $82.00 target price on shares of Blackbaud and gave the company a “hold” rating in a report on Thursday, October 26th. Dougherty & Co started coverage on shares of Blackbaud in a report on Tuesday, October 31st. They issued a “neutral” rating on the stock. Zacks Investment Research cut shares of Blackbaud from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Citigroup set a $112.00 target price on shares of Blackbaud and gave the company a “buy” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $97.50.
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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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