Blackbaud, Inc. (NASDAQ:BLKB):
Blackbaud Announces Date of Second Quarter 2017 Financial Results.
In the market the company is trading up by 1.71% since yesterday’s close of $88.63.
Additionally Blackbaud, Inc. recently announced a dividend for shareholders which was paid on Thursday June 15th, 2017. The dividend was $0.120 per share for the quarter or $0.48 annualized. This dividend amount was represent a yeild of $0.55. The ex-dividend date was Wednesday the 24th of May 2017.
Blackbaud, Inc., launched on March 22, 2004, is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. The Business’s segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU). The GMBU is focused on marketing, sales, delivery and support to all emerging and mid-sized prospects and customers in North America. The ECBU is focused on marketing, sales, delivery and support to all large and/or strategic prospects and customers in North America. The IBU is focused on marketing, sales, delivery and support to all prospects and customers outside of North America. It operates in four geographic regions: the United States, Canada, Europe and Australia. The Business’s portfolio of software and services supports nonprofit fundraising and relationship management, digital marketing, advocacy, accounting, payments and analytics, as well as grant management, corporate social responsibility (CSR) and education..
Company shares last traded at $90.15 a tad higher than $84.76, the 50 day moving average and marginally over the 200 day moving average of $75.29. The 50 day moving average was up $5.47 and the 200 day average went up by +19.85%.
The P/E ratio is 91.23 and the market value is 4.20B. As of the last earnings report the EPS was $0.99 and is expected to be $2.13 for the current year with 46,501,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.53 with next year’s EPS anticipated to be $2.40.
Investors are a little more bearish on the company considering the increase in short interest. The stock saw a rise in short interest of 2.73% as of May 31, 2017 from the last reporting period. Short shares grew from 6,021,249 to 6,185,924 over that period. The short-interest ratio decreased to 22.5 and the short interest percentage is 0.13% as of May 31.
Several Wall Street analysts have weighed in on BLKB. On November 23, 2016 the stock rating was set at “Underperform” in a report from Bank of America down from the previous “” rating. JMP Securities began coverage of BLKB with an initial rating of “Outperform”.
On June 27, 2016 Evercore Partners added the stock to its research portfolio setting a rating of “Hold”. Equity analyst Pacific Crest initiated coverage with a rating of “Sector Weight”.
On February 18 analysts at Wunderlich issued its first research report on the stock giving it an initial rating of “Buy”. Equity analyst B. Riley both upgraded the stock and raised the price target on December 16 changing the price objective from $65.00 to $75.00 and altering the rating from “Neutral” to “Buy”.