Blackbaud (BLKB)

• Market cap: $3.87B
• 1 day: 0.16%
• 5 days: -2.88%
• 1 month: -8.08%
• 3 months: -9.95%
• 6 months: 0.78%
• Year to date: -10.82%
• 1 year: -11.72%
• 5 years: -3.77%
• 10 years: 74.06%
• Sector: Information Technology
• Industry: Prepackaged Software

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 Q3 regulatory filings by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

1% less funds holding

Funds holding: 281 [Q2] → 279 (-2) [Q3]

1% less capital invested

Capital invested by funds: $4.09B [Q2] → $4.04B (-$48M) [Q3]

3% less call options, than puts

Call options by funds: $844K | Put options by funds: $871K

6% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 33

11.53% less ownership

Funds ownership: 103.98% [Q2] → 92.45% (-11.53%) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 106

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $80 5% upside
• Avg. target: $87 14% upside
• High target: $95 24% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Baird Rob Oliver 70% 1-year accuracy 32 / 46 met price target	5% upside $80	Neutral Downgraded	31 Oct 2024
Raymond James Brian Peterson 65% 1-year accuracy 13 / 20 met price target	24% upside $95	Outperform Maintained	7 Oct 2024
Stifel Parker Lane 66% 1-year accuracy 31 / 47 met price target	11% upside $85	Hold Maintained	26 Sept 2024