News headlines about Blackbaud (NASDAQ:BLKB) have trended somewhat positive on Tuesday, Alpha One reports. Alpha One, a subsidiary of Accern, ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blackbaud earned a news impact score of 0.17 on Alpha One’s scale. Alpha One also assigned news stories about the technology company an impact score of 25 out of 100, indicating that recent press coverage is very unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Alpha One’s analysis:
Shares of Blackbaud (BLKB) opened at 87.80 on Tuesday. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 88.78 and a beta of 0.93. Blackbaud has a 12-month low of $55.88 and a 12-month high of $89.66. The stock has a 50 day moving average of $80.59 and a 200 day moving average of $72.46. Blackbaud (NASDAQ:BLKB) last released its quarterly earnings results on Monday, May 1st. The technology company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.01. The company had revenue of $183.62 million during the quarter, compared to analysts’ expectations of $182.95 million. Blackbaud had a return on equity of 30.77% and a net margin of 5.34%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 EPS. Analysts forecast that Blackbaud will post $2.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Friday, May 26th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, May 24th. Blackbaud’s dividend payout ratio is presently 57.83%. A number of research firms recently commented on BLKB. B. Riley cut shares of Blackbaud to a “neutral” rating and set a $78.00 price target for the company. in a research note on Monday, May 8th. Zacks Investment Research cut shares of Blackbaud from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Benchmark Co. reaffirmed a “buy” rating and set a $90.00 price target (up from $85.00) on shares of Blackbaud in a research note on Tuesday, May 2nd. Stifel Nicolaus lifted their price target on shares of Blackbaud from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Finally, Raymond James Financial, Inc. began coverage on shares of Blackbaud in a research report on Wednesday, April 19th. They issued an “outperform” rating and a $90.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Blackbaud presently has a consensus rating of “Hold” and an average price target of $75.44.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Friday, May 26th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, May 24th. Blackbaud’s dividend payout ratio is presently 57.83%. In other news, EVP John J. Mistretta sold 2,500 shares of the stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $77.00, for a total transaction of $192,500.00. Following the completion of the transaction, the executive vice president now directly owns 80,278 shares in the company, valued at approximately $6,181,406. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John J. Mistretta sold 4,016 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $83.00, for a total value of $333,328.00. Following the transaction, the executive vice president now owns 87,165 shares of the company’s stock, valued at $7,234,695. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,724 shares of company stock valued at $1,730,415. 2.74% of the stock is owned by company insiders.
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