Blackbaud (BLKB) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.42 EPS for the quarter. Analysts had a consensus estimate of $0.42. The company posted revenue of $171.00 million in the period, compared to analysts expectations of $171.75 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Blackbaud. Blackbaud was Initiated by Pacific Crest to “Sector Weight” on Mar 22, 2016. Wunderlich Initiated Blackbaud on Feb 18, 2016 to “Buy”, Price Target of the shares are set at $69.
Blackbaud opened for trading at $63.4 and hit $64.39 on the upside on Friday, eventually ending the session at $64.33, with a gain of 1.20% or 0.76 points. The heightened volatility saw the trading volume jump to 2,19,215 shares. Company has a market cap of $3,022 M.
In a different news, on Feb 19, 2016, Peter J Kight (director) purchased 60,644 shares at $55.32 per share price. According to the SEC, on Nov 12, 2015, Joyce Nelson (director) sold 1,297 shares at $62.00 per share price. On Nov 12, 2015, Brad John Holman (Exec VP & Pres Int’l Bus Unit) sold 7,524 shares at $61.95 per share price, according to the Form-4 filing with the securities and exchange commission.
Blackbaud Inc. is a global provider of software and services designed for the non-profit charitable giving and education communities. The Company operates in four segments: Enterprise Customer Business Unit (ECBU) General Markets Business Unit (GMBU) International Business Unit (IBU) and Target Analytics. The ECBU is focused on marketing sales delivery and support to large and/or strategic prospects and customers in North America. The GMBU is focused on marketing sales delivery and support to all emerging and mid-sized 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. Target Analytics is focused on marketing sales and delivery of analytic services to all prospects and customers across the globe. It operates in four geographic regions: United States Canada Europe and Australia.