Blackbaud (NASDAQ:BLKB) Rating Reiterated
In analysts note revealed to investors on today, Stifel reaffirmed their “Buy” rating on Blackbaud (NASDAQ:BLKB)’s Stock. The price target would indicate a potential upside of 11.45 % from company’s previous stock close.
NASDAQ:BLKB is at the moment trading 0.36% higher at $101.63 as of 4:05 PM New York time. Blackbaud’s stock is 0% in the past 200 days. It has underperformed the S&P500, which has added 6.00% in the same time.
Out of 8 analysts covering Blackbaud, 6 rate it a Buy, 2 indicate a Hold while 0 suggest a Sell. The highest target is $77 and the lowest is $69 according to Thomson/First Call. The 12-month mean target is $72.13, which means downside potential of 29.03% over the current price.
Brown Capital Management Llc had the largest stake with ownership of 5.07M shares as of Q2 2015 for 4.95% of the US long stock exposure. Rgm Capital Llc is another quite bullish institutional investor who is having 597,354 shares of Blackbaud or 4.46% of their US long stock exposure. Furthermore, Conestoga Capital Advisors Llc have 3.18% of their US long stock exposure invested in the company for 700,131 shares. The Connecticut-based fund Night Owl Capital Management Llc revealed it had bought so far a stake worth about 2.77% of the institutional investor’s stock portfolio in Blackbaud. The Georgia-based fund Smith & Howard Wealth Management Llc is also positive about the stock, possessing 70,967 shares or 2.48% of their US long stock exposure.
Blackbaud (NASDAQ:BLKB) Profile
Blackbaud, Inc. 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. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).
Blackbaud (NASDAQ:BLKB) traded up 0.36% on 8 February, hitting $101.63. A total of 115,611 shares of the company’s stock traded hands. This is down from average of 284,817 shares. Blackbaud has a 52 week low of $55.88 and a 52 week high of $103.41. The company has a market cap of $5.95 billion and a P/E ratio of 92.14.
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