Blackbaud, Inc. (NASDAQ:BLKB) SVP Jon W. Olson sold 6,089 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $100.00, for a total transaction of $608,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Blackbaud, Inc. (BLKB) opened at $101.09 on Thursday. Blackbaud, Inc. has a 12 month low of $71.48 and a 12 month high of $104.55. The company has a market cap of $4,813.57, a P/E ratio of 73.79, a price-to-earnings-growth ratio of 5.07 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 company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders 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 annualized dividend and a dividend yield of 0.47%. Blackbaud’s payout ratio is currently 35.04%.
A number of equities analysts have issued reports on BLKB shares. BidaskClub cut shares of Blackbaud from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Blackbaud from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Monday, October 30th. Citigroup set a $112.00 target price on shares of Blackbaud and gave the stock a “buy” rating in a report on Friday, October 27th. Dougherty & Co started coverage on shares of Blackbaud in a report on Tuesday, October 31st. They issued a “neutral” rating on the stock. Finally, B. Riley set a $82.00 target price on shares of Blackbaud and gave the stock a “hold” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus 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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