EntryPoint Capital LLC Acquires 437 Shares of Blackbaud, Inc. (NASDAQ:BLKB)

EntryPoint Capital LLC lifted its stake in Blackbaud, Inc. (NASDAQ:BLKB) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,118 shares of the technology company’s stock after acquiring an additional 437 shares during the period. EntryPoint Capital LLC’s holdings in Blackbaud were worth $378,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Xponance Inc. grew its position in Blackbaud by 2.4% in the 4th quarter. Xponance Inc. now owns 5,638 shares of the technology company’s stock worth $417,000 after purchasing an additional 130 shares during the last quarter. Heritage Family Offices LLP grew its position in Blackbaud by 5.9% during the fourth quarter. Heritage Family Offices LLP now owns 2,985 shares of the technology company’s stock worth $221,000 after buying an additional 166 shares in the last quarter. Brookstone Capital Management increased its stake in Blackbaud by 3.7% during the fourth quarter. Brookstone Capital Management now owns 7,612 shares of the technology company’s stock valued at $563,000 after acquiring an additional 275 shares during the period. Blue Trust Inc. raised its holdings in Blackbaud by 20.9% in the 4th quarter. Blue Trust Inc. now owns 1,930 shares of the technology company’s stock valued at $143,000 after acquiring an additional 333 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of Blackbaud by 42.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,174 shares of the technology company’s stock worth $99,000 after acquiring an additional 347 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lowered their price objective on Blackbaud from $80.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $85.33.

Blackbaud Stock Performance

NASDAQ:BLKB opened at $62.31 on Thursday. The firm has a market capitalization of $3.07 billion, a PE ratio of -10.56 and a beta of 1.08. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 7.40. Blackbaud, Inc. has a 12-month low of $61.23 and a 12-month high of $88.95. The firm has a 50-day moving average price of $71.22 and a 200 day moving average price of $77.77.

Blackbaud (NASDAQ:BLKB) last issued its earnings results on Tuesday, February 18th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.50). The company had revenue of $302.23 million during the quarter, compared to analyst estimates of $303.41 million. Blackbaud had a positive return on equity of 26.30% and a negative net margin of 24.83%. Research analysts anticipate that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year.

About Blackbaud

Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management.