Blackbaud (BLKB) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 73 from a previous price target of $70 . Stifel advised their investors in a research report released on Jun 30, 2016.
On the company’s financial health, Blackbaud reported $0.42 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $171.00 million for the quarter, 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.
Blackbaud opened for trading at $64.51 and hit $65.95 on the upside on Wednesday, eventually ending the session at $65.9, with a gain of 3.29% or 2.1 points. The heightened volatility saw the trading volume jump to 1,83,763 shares. Company has a market cap of $3,130 M.
In a different news, on Jun 6, 2016, Charles T Cumbaa (EVP Corp. & Prod. Strategy) sold 4,764 shares at $64.00 per share price. According to the SEC, on Jun 2, 2016, John J Mistretta (EVP of Human Resources) sold 3,922 shares at $62.10 per share price. On May 27, 2016, George H Ellis (director) sold 1,300 shares at $61.44 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.