Blackbaud (BLKB)

• Market cap: $3.97B
• 1 day: 0.37%
• 5 days: 4.86%
• 1 month: 3.50%
• 3 months: -8.83%
• 6 months: 0.33%
• Year to date: 6.29%
• 1 year: -5.09%
• 5 years: -4.33%
• 10 years: 77.61%
• 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]

7% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 29

1% less funds holding

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

1% less capital invested

Capital invested by funds: $4.11B [Q2] → $4.06B (-$45.5M) [Q3]

3% less call options, than puts

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

11.52% less ownership

Funds ownership: 104.41% [Q2] → 92.89% (-11.52%) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 106

Research analyst outlook

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

• Low target: $80 2% upside
• Avg. target: $80 2% upside
• High target: $80 2% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Baird Rob Oliver 68% 1-year accuracy 30 / 44 met price target

2% upside $80

Neutral Downgraded

31 Oct 2024