$0.42 EPS Expected for Blackbaud, Inc. (BLKB)

April 20, 2018 - By Adrian Mccoy

Blackbaud, Inc. (NASDAQ:BLKB) LogoInvestors sentiment decreased to 1.06 in 2017 Q4. Its down 0.29, from 1.35 in 2017Q3. It fall, as 14 investors sold Blackbaud, Inc. shares while 85 reduced holdings. 38 funds opened positions while 67 raised stakes. 49.80 million shares or 4.39% less from 52.08 million shares in 2017Q3 were reported.
Brown Brothers Harriman And has 328 shares for 0% of their portfolio. Eulav Asset Mgmt invested in 15,800 shares. owns 274,726 shares. Select Equity Gru Lp holds 2.40 million shares. 15,511 are held by Eqis Capital Inc. State Of Wisconsin Investment Board owns 0.02% invested in Blackbaud, Inc. (NASDAQ:BLKB) for 90,660 shares. Brown Mgmt Llc owns 5.17% invested in Blackbaud, Inc. (NASDAQ:BLKB) for 4.50M shares. D E Shaw And, a New York-based fund reported 26,460 shares. Lucus Advisors Ltd Liability reported 3,479 shares stake. 81,352 were accumulated by Amundi Pioneer Asset Management. Wells Fargo Mn holds 0% or 67,682 shares. Fred Alger Mgmt has invested 0.14% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). Texas Permanent School Fund invested in 0.04% or 32,507 shares. The New York-based Oppenheimer Asset has invested 0.03% in Blackbaud, Inc. (NASDAQ:BLKB). Arizona State Retirement Sys reported 34,614 shares.

Since February 9, 2018, it had 0 insider purchases, and 13 selling transactions for $11.22 million activity. On Monday, February 26 the insider Leitch Andrew M sold $1.03M. $608,900 worth of Blackbaud, Inc. (NASDAQ:BLKB) was sold by Olson Jon W. 10,954 shares were sold by BOOR ANTHONY W, worth $1.03 million. Gianoni Michael P sold 28,839 shares worth $2.79M. $61,038 worth of Blackbaud, Inc. (NASDAQ:BLKB) was sold by ELLIS GEORGE H on Friday, February 23. MOONEY KEVIN W had sold 2,710 shares worth $268,669 on Friday, February 16.

Analysts expect Blackbaud, Inc. (NASDAQ:BLKB) to report $0.42 EPS on April, 30 after the close.They anticipate $0.05 EPS change or 13.51 % from last quarter’s $0.37 EPS. BLKB’s profit would be $19.66 million giving it 65.43 P/E if the $0.42 EPS is correct. After having $0.48 EPS previously, Blackbaud, Inc.’s analysts see -12.50 % EPS growth. The stock decreased 0.75% or $0.83 during the last trading session, reaching $109.93. About 126,130 shares traded. Blackbaud, Inc. (NASDAQ:BLKB) has risen 34.35% since April 20, 2017 and is uptrending. It has outperformed by 22.80% the S&P500.

Blackbaud, Inc. (NASDAQ:BLKB) Ratings Coverage

Among 7 analysts covering Blackbaud (NASDAQ:BLKB), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Blackbaud had 10 analyst reports since October 23, 2017 according to SRatingsIntel. The rating was maintained by Robert W. Baird with “Hold” on Friday, March 16. Stifel Nicolaus maintained the shares of BLKB in report on Thursday, March 22 with “Buy” rating. The rating was maintained by Robert W. Baird with “Neutral” on Monday, October 23. The firm earned “Buy” rating on Thursday, October 26 by Stifel Nicolaus. Evercore downgraded the shares of BLKB in report on Monday, March 12 to “Underperform” rating. The firm earned “Buy” rating on Friday, October 27 by Citigroup. The rating was maintained by Stifel Nicolaus on Thursday, February 8 with “Buy”.

Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, firms, education institutions, healthcare organizations, and other charitable giving entities in the United States, Canada, Europe, and Australia. The company has market cap of $5.15 billion. It operates in three divisions: General Markets Business Unit, Enterprise Customer Business Unit, and International Business Unit. It has a 79.66 P/E ratio. The firm offers Raiser's Edge NXT and Blackbaud CRM , which are fundraising and relationship management solutions; Luminate CRM for campaign management, constituent relations, business intelligence, and analytics; eTapestry, a cloud fundraising and donor management solution; and everydayhero, a cloud crowdfundraising solution.

Blackbaud, Inc. (NASDAQ:BLKB) Ratings Chart

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