BlackbaudBLKB Market cap $4.25B
About: Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.
Employees: 3,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 28
5% more funds holding
Funds holding: 266 [Q1] → 280 (+14) [Q2]
5.63% less ownership
Funds ownership: 101.21% [Q1] → 95.57% (-5.63%) [Q2]
6% less capital invested
Capital invested by funds: $4.01B [Q1] → $3.76B (-$254M) [Q2]
25% less repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 108
45% less call options, than puts
Call options by funds: $487K | Put options by funds: $883K
50% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 2 (-2) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Stifel Parker Lane 73% 1-year accuracy 11 / 15 met price target | 3%upside $85 | Hold Maintained | 26 Sept 2024 |
Baird Rob Oliver 60% 1-year accuracy 15 / 25 met price target | 12%upside $92 | Outperform Maintained | 1 Aug 2024 |
Financial journalist opinion
Based on 7 articles about BLKB published over the past 30 days