Filing Worth Mentioning: Blackbaud Inc: Brown Capital Management Llc Opened Big New Position

Filing Worth Mentioning: Blackbaud Inc: Brown Capital Management Llc Opened Big New Position

The New Brown Capital Management Llc Holding in Blackbaud Inc

Brown Capital Management Llc filed with the SEC SC 13G/A form for Blackbaud Inc. The form can be accessed here: 000139834416019431. As reported in Brown Capital Management Llc’s form, the filler as of late owns 10.67% or 5,071,913 shares of the Information Technology–company.

Blackbaud Inc stake is a new one for the for this institutional investor and it was filed because of activity on September 30, 2016. We feel this shows Brown Capital Management Llc’s positive view for the stock. For a institutional investor managing $7.02 billion in assets and having 34+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Blackbaud Inc Institutional Sentiment

Latest Security and Exchange filings show 194 investors own Blackbaud Inc. The institutional ownership in Q3 2015 is high, at 121.59% of the outstanding shares. This is increased by 9844745 the total institutional shares. 57778213 were the shares owned by these institutional investors. In total 31 funds opened new Blackbaud Inc stakes, 69 increased stakes. There were 15 that closed positions and 70 reduced them.

6 managers had the stock in their top Ten. Notable investors are: Conestoga Capital Advisors Llc, Brown Capital Management Llc, Atlanta Capital Management Co L L C, Rgm Capital Llc, Smith & Howard Wealth Management Llc..

Conestoga Capital Advisors Llc is an institutional investor bullish on Blackbaud Inc, owning 750218 shares as of Q3 2015 for 3.37% of its portfolio. Brown Capital Management Llc owns 4583066 shares or 4.41% of its portfolio. WI Cortina Asset Management Llc have 1.53% of their stock portfolio for 594673 shares. Further, Rgm Capital Llc reported stake worth 7.66% of its US stock portfolio. The TX Hodges Capital Management Inc owns 365270 shares. Blackbaud Inc is 0.84% of the manager’s US portfolio.

Business Profile

Blackbaud, Inc. is a provider of software and services for the global philanthropic community. The Company’s segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU). The GMBU is focused on marketing, sales, delivery and support to all emerging and mid-sized prospects and customers in North America. The ECBU is focused on marketing, sales, delivery and support to all large and/or strategic 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. It operates in four geographic regions: United States, Canada, Europe and Australia. The Company’s customers use its cloud-based and on-premises software solutions and related services to help manage donations, fundraising costs, communications with constituents and manage their finances.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Brown Capital Management Llc website.

Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.03, from 1.08 in 2016Q1. The ratio increased, as 26 funds sold all Blackbaud, Inc. shares owned while 63 reduced positions. 24 funds bought stakes while 75 increased positions. They now own 47.90 million shares or 2.69% less from 49.23 million shares in 2016Q1.

Aperio Gp last reported 19,150 shares in the company. Brown Advisory last reported 541,766 shares in the company. California State Teachers Retirement Systems owns 99,108 shares or 0.01% of their US portfolio. Moreover, Morgan Stanley has 0% invested in Blackbaud, Inc. (NASDAQ:BLKB) for 90,821 shares. High Point Bank Com owns 338 shares or 0.01% of their US portfolio. Nordea Invest Mngmt Ab has 9,052 shares for 0% of their US portfolio. Ranger Investment Mgmt Lp, a Texas-based fund reported 26,260 shares. Metropolitan Life Ny accumulated 33,082 shares or 0.02% of the stock. Regions Finance accumulated 3,994 shares or 0% of the stock. Focused Wealth Mngmt Incorporated reported 122 shares or 0% of all its holdings. Redmond Asset Mgmt Ltd Liability Com has 0.45% invested in the company for 13,217 shares. Guggenheim holds 0.01% or 30,446 shares in its portfolio. Martingale Asset Management Limited Partnership last reported 0% of its portfolio in the stock. Ngam Advsrs Ltd Partnership holds 15,062 shares or 0.01% of its portfolio. Ledyard National Bank & Trust reported 332 shares or 0% of all its holdings.

Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 13 selling transactions for $4.25 million net activity. $930,710 worth of Blackbaud, Inc. (NASDAQ:BLKB) shares were sold by BOOR ANTHONY W. MISTRETTA JOHN J also sold $157,850 worth of Blackbaud, Inc. (NASDAQ:BLKB) shares. CHOU TIMOTHY C K sold $202,239 worth of Blackbaud, Inc. (NASDAQ:BLKB) on Monday, August 15. Cumbaa Charles T also sold $304,896 worth of Blackbaud, Inc. (NASDAQ:BLKB) shares. ELLIS GEORGE H sold 1,500 shares worth $102,150. 600 shares were sold by Nelson Joyce, worth $40,866 on Tuesday, August 23. Nash Sarah E had sold 1,482 shares worth $100,880.

Analysts await Blackbaud, Inc. (NASDAQ:BLKB) to report earnings on October, 26. They expect $0.37 earnings per share, up 27.59% or $0.08 from last year’s $0.29 per share. BLKB’s profit will be $17.62 million for 44.68 P/E if the $0.37 EPS becomes a reality. After $0.35 actual earnings per share reported by Blackbaud, Inc. for the previous quarter, Wall Street now forecasts 5.71% EPS growth.

About 135,958 shares traded hands. Blackbaud, Inc. (NASDAQ:BLKB) has risen 14.01% since March 2, 2016 and is uptrending. It has outperformed by 5.75% the S&P500.

Blackbaud, Inc. is a provider of software and services for the global philanthropic community. The company has a market cap of $3.15 billion. The Company’s divisions include the General Markets Business Unit , the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU). It has a 113.99 P/E ratio. The GMBU is focused on marketing, sales, delivery and support to all emerging and mid-sized prospects and clients in North America.

Blackbaud, Inc. (NASDAQ:BLKB) Ratings Coverage

Out of 8 analysts covering Blackbaud Inc (NASDAQ:BLKB), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $75 is the highest target while $66 is the lowest. The $73.20 average target is 10.69% above today’s ($66.13) stock price. Blackbaud Inc has been the topic of 10 analyst reports since October 13, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by B. Riley & Co on Tuesday, October 13. The stock has “Buy” rating given by Benchmark on Thursday, November 19. The firm has “Outperform” rating by Robert W. Baird given on Thursday, December 10. The firm has “Neutral” rating by Bank of America given on Wednesday, January 6. The stock of Blackbaud, Inc. (NASDAQ:BLKB) earned “Buy” rating by Stifel Nicolaus on Thursday, June 30. On Monday, June 27 the stock rating was initiated by Evercore with “Hold”. The stock of Blackbaud, Inc. (NASDAQ:BLKB) earned “Sector Weight” rating by Pacific Crest on Tuesday, March 22. The company was initiated on Thursday, February 18 by Wunderlich.

More notable recent Blackbaud, Inc. (NASDAQ:BLKB) news were published by: Fool.com which released: “Blackbaud, Inc. Earnings Continue to Soar Into the Cloud” on August 02, 2016, also Fool.com with their article: “Blackbaud, Inc. Delivers “Sky” High Revenue Growth” published on April 28, 2016, Fool.com published: “Why Blackbaud Inc. Fell 10.1% on Friday” on February 08, 2016. More interesting news about Blackbaud, Inc. (NASDAQ:BLKB) were released by: Valuewalk.com and their article: “Long Signet Jewelers (SIG), Short Blackbaud Inc. (BLKB)?” published on September 15, 2016 as well as Globenewswire.com‘s news article titled: “Blackbaud, Inc. Announces 2015 Fourth Quarter and Full Year Results” with publication date: February 09, 2016.

According to Zacks Investment Research, “Blackbaud is the leading global provider of software and related services designed specifically for nonprofit organizations. Blackbaud’s solutions include The Raiser’s Edge, The Financial Edge, The Education Edge, The Information Edge, WealthPoint and ProspectPoint, as well as a wide range of consulting and educational services. Blackbaud has operations in Toronto, Ontario, Glasgow, Scotland, and Sydney, Australia.”

BLKB Company Profile

Blackbaud, Inc., incorporated on March 22, 2004, is a well-known provider of software and services for the global philanthropic community. The Company’s divisions include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU). The GMBU is focused on marketing, sales, delivery and support to all emerging and mid-sized prospects and clients in North America. The ECBU is focused on marketing, sales, delivery and support to all large and/or strategic prospects and clients in North America. The IBU is focused on marketing, sales, delivery and support to all prospects and clients outside of North America. It operates in four geographic regions: United States, Canada, Europe and Australia. The Company’s clients use its cloud and on-premises software solutions and related services to help manage donations, fundraising costs, communications with constituents and manage their finances. The Company’s solutions are designed to meet the needs of non-profits, foundations and other charitable giving organizations, and academic institutions, from large, multi-national organizations to small, emerging entities.

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