Teacher Retirement System of Texas Lowers Stake in Blackbaud, Inc. (NASDAQ:BLKB)
Posted by MarketBeat News on Apr 1st, 2025 Teacher Retirement System of Texas trimmed its holdings in Blackbaud, Inc. (NASDAQ:BLKB – Free Report) by 54.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,875 shares of the technology company’s stock after selling 5,783 shares during the period. Teacher Retirement System of Texas’ holdings in Blackbaud were worth $360,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also made changes to their positions in BLKB. Xponance Inc. raised its stake in Blackbaud by 2.4% during the 4th quarter. Xponance Inc. now owns 5,638 shares of the technology company’s stock valued at $417,000 after acquiring an additional 130 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Blackbaud by 230.6% during the fourth quarter. Intech Investment Management LLC now owns 41,589 shares of the technology company’s stock worth $3,074,000 after purchasing an additional 29,010 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of Blackbaud during the fourth quarter worth $280,000. Vestcor Inc purchased a new position in Blackbaud in the 4th quarter valued at $75,000. Finally, Swiss National Bank increased its stake in Blackbaud by 0.6% in the 4th quarter. Swiss National Bank now owns 81,153 shares of the technology company’s stock valued at $5,999,000 after buying an additional 500 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors. Blackbaud Stock Down 0.1 % BLKB opened at $62.05 on Tuesday. The company has a debt-to-equity ratio of 7.40, a current ratio of 0.78 and a quick ratio of 0.68. Blackbaud, Inc. has a 12 month low of $61.20 and a 12 month high of $88.95. The stock has a market capitalization of $3.06 billion, a P/E ratio of -10.52 and a beta of 1.08. The business has a 50 day simple moving average of $70.28 and a 200-day simple moving average of $77.33. Blackbaud (NASDAQ:BLKB – Get Free Report) last issued its earnings results on Tuesday, February 18th. The technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.50). The company had revenue of $302.23 million for the quarter, compared to analysts’ expectations of $303.41 million. Blackbaud had a positive return on equity of 26.30% and a negative net margin of 24.83%. On average, equities analysts anticipate that Blackbaud, Inc. will post 3.05 earnings per share for the current fiscal year. Wall Street Analysts Forecast Growth Separately, Robert W. Baird reduced their target price on shares of Blackbaud from $80.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.33. Read Our Latest Stock Analysis on BLKB Blackbaud Company Profile (Free Report) Blackbaud, Inc provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations in the United States and internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving, Blackbaud Fundraiser Performance Management, Blackbaud Guided Fundraising, and Blackbaud Altru; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid and Billing Management. Recommended Stories Five stocks we like better than Blackbaud How Investors Can Identify and Successfully Trade Gap-Down Stocks 3 Buyable Stocks With Solid Bottoms Ready to Rebound 3 REITs to Buy and Hold for the Long Term Advantage+ Shopping: Meta’s Fast Growing $20 Billion AI-Ads Star Comparing and Trading High PE Ratio Stocks Robotaxi News: What Tesla and Lyft Headlines Mean for Shares Want to see what other hedge funds are holding BLKB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackbaud, Inc. (NASDAQ:BLKB – Free Report). Receive News & Ratings for Blackbaud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackbaud and related companies with MarketBeat.com's FREE daily email newsletter. « PREVIOUS HEADLINEArdelyx, Inc. (NASDAQ:ARDX) Shares Acquired by Teacher Retirement System of Texas NEXT HEADLINE »NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Lowered by Trifecta Capital Advisors LLC You might be interested in: