How Are Institutional Investors Adjusting Their Holdings in Blackbaud (NASDAQ:BLKB)

3 min read | February 25, 2025 09:00 AM PST | By Team Kalkine Media

How Are Institutional Investors Adjusting Their Holdings in Blackbaud (NASDAQ:BLKB) — Image source: Shutterstock

Institutional Holdings and Market Adjustments

Blackbaud Inc. (NASDAQ:BLKB) has seen varied movements among institutional investors in recent quarters. Rhumbline Advisers slightly trimmed its stake in the company, reducing its holdings by 0.6% in the fourth quarter, now owning 129,728 shares valued at approximately $9,589,000. Other firms have taken different approaches, with the State of New Jersey Common Pension Fund D increasing its stake by 0.6% in the third quarter and Heritage Family Offices LLP raising its position by 5.9%.

Additional institutional moves include Brookstone Capital Management boosting its stake by 3.7% and Blue Trust Inc. increasing its holdings by 20.9%. One of the most notable changes came from TD Private Client Wealth LLC, which expanded its position by 42.0%. Collectively, institutional and hedge fund investors now own 94.21% of Blackbaud’s stock, reflecting significant engagement within financial markets.

Stock Performance and Financial Metrics

Blackbaud’s stock opened at $68.90 in a recent session, registering a 1.0% increase. Over the past 12 months, the stock has seen fluctuations, with a low of $66.07 and a high of $88.95. The company maintains a debt-to-equity ratio of 7.40, alongside liquidity ratios of 0.78 (current) and 0.68 (quick), indicating how efficiently Blackbaud manages its short-term obligations.

The stock’s 50-day moving average sits at $75.95, while the 200-day moving average stands at $80.15. With a market capitalization of $3.39 billion and a price-to-earnings (P/E) ratio of -11.68, Blackbaud's valuation dynamics continue to attract market attention.

Quarterly Performance and Market Sentiment

The company’s latest quarterly report showed revenues of $302.23 million, slightly missing market expectations of $303.41 million. The reported earnings per share (EPS) stood at $0.58, falling below the projected $1.08. Market forecasts indicate an EPS of 3.05 for the fiscal year, reflecting ongoing financial assessments.

Following these developments, financial firms have adjusted their ratings. Robert W. Baird revised its price target from $80.00 to $76.00, maintaining a neutral stance. Similar perspectives were echoed among market firms, with four maintaining a hold rating and two issuing a buy recommendation. The average stock target currently stands at $85.33.

Business Operations and Industry Reach

Blackbaud provides cloud-based software solutions catering to nonprofits, foundations, educational institutions, and healthcare organizations. Its product portfolio includes Blackbaud Raiser’s Edge NXT, Blackbaud CRM, Blackbaud Financial Edge NXT, and Blackbaud Tuition Management, enabling organizations to streamline fundraising, financial management, and engagement strategies.

With its comprehensive suite of digital tools, Blackbaud continues to serve a broad range of customers, reinforcing its presence in the global software industry. As the company adapts to market changes, institutional engagement and financial metrics will remain focal points in its corporate trajectory.

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