Blackbaud Stock (NASDAQ:BLKB), Trade Ideas

Blackbaud

Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.

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Shares of  IPG Photonics Corporation (NASDAQ: IPGP) fell sharply during Tuesday’s session after the company reported mixed fourth-quarter financial results and issued soft first-quarter guidance.

Why IPG Photonics Shares Are Trading Lower By Around 11%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

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Gainers


	Crown ElectroKinetics Corp. (NASDAQ: CRKN) shares jumped 59.6% to $0.2513. Crown Electrokinetics said it has entered into an agreement with a leading infrastructure solutions provider.


Why Jounce Therapeutics Shares Are Trading Higher By 23%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

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	Blackbaud, Inc (NASDAQ: BLKB) shares gained close to 16% premarket over reports of a possible takeover offer.


Why Blackbaud Shares Are Trading Higher Today

Blackbaud Inc

WIIM

Blackbaud shares are trading higher after the company received a proposal from Clearlake Capital Group to acquire Blackbaud for $80 per share in cash.

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4140931-1&amp;h=3701735353&amp;u=http%3A%2F%2Fwww.blackbaud.com%2F&amp;a=Blackbaud">Blackbaud</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>), the leading provider of software for powering social impact, today confirmed that it has received an unsolicited, non-binding proposal from Clearlake Capital Group, L.P., a current stockholder of the Company, to acquire all of the outstanding shares of Blackbaud for $80.00 per share in cash.
Consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, the Blackbaud Board of Directors will carefully evaluate the proposal to determine the course of action that it believes is in the best interest of the Company and all Blackbaud stockholders.
Blackbaud stockholders are not required to take any action at this time.

Blackbaud To Review Unsolicited Proposal From Clearlake Capital Group, To Acquire All Of The Outstanding Shares Of Blackbaud For $80.00 Per Share In Cash

Blackbaud shares are trading higher following a report suggesting Clearlake is renewing its pursuit of the company.

<a href="https://www.bloomberg.com/news/articles/2024-04-11/clearlake-is-said-to-renew-pursuit-of-software-firm-blackbaud">https://www.bloomberg.com/news/articles/2024-04-11/clearlake-is-said-to-renew-pursuit-of-software-firm-blackbaud</a>
<a href="https://www.bloomberg.com/quote/8376046Z:US">Clearlake Capital Group LP</a> is exploring a renewed effort to take <a href="https://www.bloomberg.com/quote/BLKB:US">Blackbaud Inc.</a> private, according to people with knowledge of the matter, roughly a year after its last approach was rebuffed by the cloud software provider.
The investment firm is talking to potential advisers about making a fresh offer to Blackbaud's board, the people said, asking not to be identified discussing confidential information. Clearlake already owns about 18.9% of Blackbaud's outstanding stock, accord

Reported Earlier, "Clearlake Renews Pursuit Of Software Firm Blackbaud; Buyout Firm Saw Last Approach Rejected In March 2023; US-Listed Blackbaud Has A Market Value Of About $3.8B" - Bloomberg News

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4118422-1&amp;h=2568361236&amp;u=http%3A%2F%2Fwww.blackbaud.com%2F&amp;a=Blackbaud">Blackbaud</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) ("Blackbaud" or the "Company"), the leading provider of software for powering social impact, today announced that its Board of Directors (the "Board") has unanimously voted to terminate the Company's stockholder rights plan (the "Rights Plan") effective as of the close of business on March 18, 2024. The Rights Plan was scheduled to expire on October 2, 2024. Stockholders do not have to take any action as a result of this termination.
In deciding to terminate the Rights Plan, the Board determined that an active Rights Plan is not necessary, at this time, to serve the best interests of all stockholders.

Blackbaud Announces Termination Of Stockholder Rights Plan

&nbsp;Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>), the leading provider of software for powering social impact, today announced that it intends to repurchase 7% to 10% of the Company&#39;s common stock through the end of 2024. The repurchases will be made through a combination of accelerated share repurchase plans, block trades, and open market purchases as part of the Company&#39;s previously announced $500 million share repurchase authorization.

Buybacks

Blackbaud Intends To Repurchase 7%-10% Of Outstanding Shares Under $500m Stock Repurchase Program

Shares of IPG Photonics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ipgp#NASDAQ">IPGP</a>) fell sharply during Tuesday&rsquo;s session after the company reported mixed fourth-quarter financial results and issued soft first-quarter guidance.
IPG Photonics posted GAAP earnings of 89 cents per share, versus market estimates of 95 cents per share. The company&rsquo;s quarterly sales came in at $298.90 million versus expectations of $286.12 million.
IPG Photonics shares dipped 11.2% to $92.06 on Tuesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Ohmyhome Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/omh#NASDAQ">OMH</a>) shares climbed 300% to $4.80.</li>
<li>BioNexus Gene Lab Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bglc#NASDAQ">BGLC</a>) got a boost, surging 270% to $1.52.</li>
<li>Digital Brands Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dbgi#NASDAQ">DBGI</a>) shares jumped 168% to $7.69. Digital Brands reaffirmed its 2024 guidance revenue of $27 million to $30 million and commited to no equity offerings for 2024.</li>
<li>ARB IOT Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arbb#NASDAQ">ARBB</a>) climbed 101.8% to $3.0868 after gaining over 23% on Monday.</li>
<li>Beamr Imaging Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bmr#NASDAQ">BMR</a>) gained 100.7% to $19.97. Beamr Imaging priced $12 million public offering of 1,714,200 ordinary shares at $7 per share.</li>
<li>Farmmi, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fami#NASDAQ">FAMI</a>) climbed 57.6% to $1.97 after surging around 10% on Monday.</li>
<li>Whole Earth Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/free#NASDAQ">FREE</a>) rose 35.3% to $4.75. Whole Earth Brands signed a definitive agreement to be acquired by affiliates of Sababa Holdings FREE, LLC for $4.875 per share in an all-cash transaction.</li>
<li>VCI Global Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vcig#NASDAQ">VCIG</a>) gained 27% to $1.35.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrmr#NASDAQ">LRMR</a>) climbed 25.4% to $9.82. JMP Securities analyst Jonathan Wolleben maintained Larimar Therapeutics with a Market Outperform and raised the price target from $17 to $25.</li>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) gained 22.4% to $10.17.</li>
<li>Tripadvisor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trip#NASDAQ">TRIP</a>) shares rose 18.5% to $26.50 after the company announced it formed a Special Committee of independent members of its board of directors to evaluate proposals.</li>
<li>LianBio (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lian#NASDAQ">LIAN</a>) gained 17.8% to $4.76. LianBio completed strategic review and determined to initiate the wind down of its operations, including sale of remaining pipeline assets, delisting of ADSs and workforce reductions.</li>
<li>Verde Clean Fuels, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vgas#NASDAQ">VGAS</a>) gained 17.8% to $3.2997. Verde Clean Fuels, Inc. and Diamondback Energy subsidiary Cottonmouth Ventures LLC announced joint development agreement for a proposed natural gas-to-gasoline facility in Permian Basin.</li>
<li>JetBlue Airways Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jblu#NASDAQ">JBLU</a>) shares surged 13.5% to $6.89 after Carl Icahn disclosed a 9.91% stake in the company in a 13D filing on Monday.</li>
<li>JanOne Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jan#NASDAQ">JAN</a>) gained 13.3% to $0.7529.</li>
<li>Biodexa Pharmaceuticals Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bdrx#NASDAQ">BDRX</a>) rose 12.4% to $1.6298. Bigger Capital Fund, reported a 9.9% stake in a 13G Filing on Monday.</li>
<li>Chanson International Holding (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chsn#NASDAQ">CHSN</a>) shares jumped 12.2% to $1.8843.</li>
<li>ZoomInfo Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zi#NASDAQ">ZI</a>) rose 10.3% to $17.68 as the company reported stronger-than-expected fourth-quarter financial results.</li>
<li>Bruker Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brkr#NASDAQ">BRKR</a>) rose 9.9% to $77.60 following upbeat results.</li>
<li>Renalytix Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnlx#NASDAQ">RNLX</a>) shares gained 9.6% to $1.37. Renalytix shares jumped around 228% on Monday after the company announced that, on Feb. 8, the Centers for Medicare and Medicaid Services published a draft Local Coverage Determination for KidneyIntelX and kidneyintelX.dkd testing.</li>
<li>WK Kellogg Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/klg#NYSE">KLG</a>) climbed 9.2% to $13.77 following strong sales.</li>
<li>Aspen Aerogels, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aspn#NYSE">ASPN</a>) climbed 8.8% to $13.49 following strong results.</li>
<li>DIH Holding US, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dhai#NASDAQ">DHAI</a>) shares gained 8.1% to $1.7301 after surging around 24% on Monday.</li>
<li>Ecolab Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ecl#NYSE">ECL</a>) climbed 6.4% to $216.00 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>BIOLASE, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biol#NASDAQ">BIOL</a>) dipped 67.4% to $0.1466 after the company announced pricing of $7 million public offering of 16 million units at a price of $0.44 per unit.</li>
<li>Sunshine Biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbfm#NASDAQ">SBFM</a>) shares fell 64.7% to $0.0671 after the company announced pricing of $10 million underwritten public offering.</li>
<li>Sientra, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sien#NASDAQ">SIEN</a>) declined 56.8% to $0.2520 after the company announced plans to pursue strategic sale of its business through voluntary Chapter 11 process.</li>
<li>G1 Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gthx#NASDAQ">GTHX</a>) shares declined 53.9% to $2.0650. G1 Therapeutics will continue Phase 3 trial of trilaciclib in metastatic triple negative breast cancer following interim analysis by the independent Data Monitoring Committee.</li>
<li>SSR Mining Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssrm#NASDAQ">SSRM</a>) fell 53.7% to $4.4950. The company announced suspension of operations at the &Ccedil;&ouml;pler mine.</li>
<li>Polished.com Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pol#NYSE">POL</a>) shares dipped 49.5% to $2.4531. Polished.com received a notice of acceleration on Feb. 6, 2024, demanding immediate repayment of all obligations under the credit agreement, including a principal balance of $91.25 million, due to defaults including non-payment.</li>
<li>2U, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/twou#NASDAQ">TWOU</a>) shares fell 39.1% to $0.5589 after the company reported worse-than-expected fourth-quarter financial results and issued 2024 revenue guidance below estimates.</li>
<li>Express, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/expr#NYSE">EXPR</a>) fell 39% to $2.2850.</li>
<li>Delta Apparel, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dla#NYSE">DLA</a>) declined 37.8% to $4.2051 following first-quarter results.</li>
<li>The Children&#39;s Place, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plce#NASDAQ">PLCE</a>) fell 32% to $11.14. B. Riley Securities analyst Jeff Lick downgraded Children&#39;s Place from Neutral to Sell and lowered the price target from $19 to $4.</li>
<li>Renovaro Biosciences Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/renb#NASDAQ">RENB</a>) fell 30% to $2.3301 after Hindenburg Research issued a report on the company and said it has taken a short position in the stock.</li>
<li>NanoString Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nstg#NASDAQ">NSTG</a>) declined 27.1% to $0.1226.</li>
<li>Quantum FinTech Acquisition Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atch#NYSE">ATCH</a>) fell 27% to $5.11.</li>
<li>Trinseo PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tse#NYSE">TSE</a>) fell 27% to $4.4750 following weak results.</li>
<li>WESCO International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wcc#NYSE">WCC</a>) declined 23% to $148.13 after the company reported fourth-quarter FY23 earnings below consensus.</li>
<li>Teradata Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdc#NYSE">TDC</a>) shares declined 22.9% to $37.61. Teradata reported better-than-expected results for its fourth quarter, but issued weak earnings guidance.</li>
<li>Avis Budget Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/car#NASDAQ">CAR</a>) fell 19.4% to $135.74 following weak sales.</li>
<li>Exscientia plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/exai#NASDAQ">EXAI</a>) dipped 18.1% to $6.15.</li>
<li>Altimmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alt#NASDAQ">ALT</a>) fell 16% to $8.73. Kerrisdale Capital issued a report on the company titled &quot;Altimmune, Inc. (ALT) Fat Chance.&quot;</li>
<li>Brighthouse Financial, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bhf#NASDAQ">BHF</a>) declined 14.5% to $45.72 after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>Arm Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arm#NASDAQ">ARM</a>) fell 14.4% to $127.57 after jumping 29% on Monday. The company last week reported better-than-expected third-quarter financial results and issued FY24 adjusted EPS and revenue guidance above estimates.</li>
<li>Blackbaud, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blkb#NASDAQ">BLKB</a>) fell 14.1% to $71.06 following weak sales.</li>
<li>Millennium Group International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgih#NASDAQ">MGIH</a>) shares declined 13.8% to $2.6806. Millennium Group International shares jumped over 200% on Monday after YC 1926 (BVI) Limited reported an 88.89% stake in the company in a 13G filing on Friday.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htz#NASDAQ">HTZ</a>) dipped 13.5% to $7.51.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) declined 13.3% to $3.6050.</li>
<li>The Goodyear Tire &amp; Rubber Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gt#NASDAQ">GT</a>) fell 13.2% to $11.84 following fourth-quarter results.</li>
<li>BranchOut Food Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bof#NASDAQ">BOF</a>) shares fell 12.6% to $2.16. BranchOut Food shares surged around 70% on Monday after the company announced it expanded its relationship with a retailer in a new agreement valued at an estimated $7.6 million annually.</li>
<li>James Hardie Industries plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jhx#NYSE">JHX</a>) dipped 12.3% to $34.40 following third-quarter earnings.</li>
<li>Jayud Global Logistics Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jyd#NASDAQ">JYD</a>) shares fell 10% to $1.0346 after jumping 30% on Monday.</li>
<li>Herc Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hri#NYSE">HRI</a>) fell 9.4% to $140.15 following downbeat results.</li>
<li>V.F. Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vfc#NYSE">VFC</a>) fell 8.8% to $15.90.</li>
<li>Bloom Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/be#NYSE">BE</a>) fell 8.5% to $11.27.</li>
<li>Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) shares fell 6.3% to $263.14 after the company reported fourth-quarter financial results and issued guidance.</li>
<li>Cadence Design Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdns#NASDAQ">CDNS</a>) shares fell 3.8% to $294.74 after the company reported fourth-quarter financial results and issued guidance.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37091789/top-3-tech-stocks-which-could-rescue-your-portfolio-this-quarter"> Top 3 Tech Stocks Which Could Rescue Your Portfolio This Quarter</a>

Why IPG Photonics Shares Are Trading Lower By Around 11%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Blackbaud shares are trading lower after the company reported worse-than-expected Q4 revenue results. Also, the company issued FY24 EPS guidance below estimates.

Financial Outlook Blackbaud today announced its 2024 full year financial guidance:
<ul>
<li>Non-GAAP revenue of $1.170 billion to $1.200 billion</li>
<li>Non-GAAP adjusted EBITDA margin of 32.5% to 33.5%</li>
<li>Non-GAAP earnings per share of $4.12 to $4.38</li>
<li>Non-GAAP adjusted free cash flow of $254 million to $274 million</li>
</ul>
Included in its 2024 full year financial guidance are the following assumptions:
<ul>
<li>Non-GAAP annualized effective tax rate is expected to be approximately 24.5%</li>
<li>Interest expense for the year is expected to be approximately $34 million to $38 million</li>
<li>Fully diluted shares for the year are expected to be approximately 53.5 million to 54.5 million</li>
<li>Capital expenditures for the year are expected to be approximately $65 million to $75 million, including approximately $60 million to $70 million of capitalized software and content development costs</li>
</ul>
Blackbaud has not reconciled forward-looking full-year non-GAAP financial measures contained in this news release to their most directly comparable GAAP measures, as permitted by Item 10(e)(1)(i)(B) of Regulation S-K. Such reconciliations would require unreasonable efforts at this time to estimate and quantify with a reasonable degree of certainty various necessary GAAP components, including for example those related to compensation, acquisition transactions and integration, tax items or others that may arise during the year. These components and other factors could materially impact the amount of the future directly comparable GAAP measures, which may differ significantly from their non-GAAP counterparts.
In order to provide a meaningful basis for comparison, Blackbaud uses non-GAAP adjusted free cash flow in analyzing its operating performance. Non-GAAP adjusted free cash flow is defined as operating cash flow less capital expenditures, including costs required to be capitalized for software and content development, capital expenditures for property and equipment, plus cash outflows, net of insurance, related to the previously disclosed Security Incident discovered in May 2020 (the "Security Incident"). Total costs related to the Security Incident exceeded the limit of our insurance coverage during the first quarter of 2022. For full year 2024, Blackbaud currently expects net cash outlays of $8 million to $13 million for ongoing legal fees related to the Security Incident. In line with the company's policy, all associated costs due to third-party service providers and consultants, including legal fees, are expensed as incurred. Please refer to the section below titled "Non-GAAP Financial Measures" for more information on Blackbaud's use of non-GAAP financial measures.

Guidance

Blackbaud Sees FY24 EPS $4.12-$4.38 Vs $4.57 Est.; Revenue $1.17B-$1.20 Vs $1.19B Est.

Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) reported quarterly earnings of $1.14 per share which beat the analyst consensus estimate of $1.05 by 8.57 percent. This is a 67.65 percent increase over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $295.01 million which missed the analyst consensus estimate of $299.05 million by 1.35 percent. This is a 7.37 percent increase over sales of $274.76 million the same period last year.

Earnings

Blackbaud Q4 EPS $1.14 Beats $1.05 Estimate, Sales $295.01M Miss $299.05M Estimate

Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) reported its Q4 earnings results on Monday, February 12, 2024 at 04:10 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Blackbaud beat estimated earnings by 8.57%, reporting an EPS of $1.14 versus an estimate of $1.05.
Revenue was up $20.25 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.15 which was followed by a 8.47% increase in the share price the next day.
Here's a look at Blackbaud's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.97</td>
<td>0.93</td>
<td>0.70</td>
<td>0.60</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.12</td>
<td>0.98</td>
<td>0.72</td>
<td>0.68</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>275.86M</td>
<td>273.65M</td>
<td>261.47M</td>
<td>278.20M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>277.63M</td>
<td>271.04M</td>
<td>261.75M</td>
<td>274.76M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Blackbaud <a href="https://www.benzinga.com/quote/BLKB/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Blackbaud Q4 Earnings

<h3>Companies Reporting Before The Bell</h3>
&bull; Beasley Broadcast Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBGI#NASDAQ">BBGI</a>) is projected to report quarterly loss at $0.07 per share on revenue of $66.05 million.
&bull; Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) is likely to report quarterly earnings at $0.59 per share on revenue of $911.34 million.
&bull; Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $197.95 million.
&bull; Alexander&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) is projected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) is estimated to report earnings for its first quarter.
&bull; Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $203.01 million.
&bull; Safe Bulkers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SB#NYSE">SB</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $74.54 million.
&bull; PetVivo Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETV#NASDAQ">PETV</a>) is estimated to report earnings for its third quarter.
&bull; Delta Apparel (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DLA#AMEX">DLA</a>) is likely to report quarterly loss at $0.91 per share on revenue of $92.50 million.
&bull; Goodyear Tire &amp; Rubber (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $5.39 billion.
&bull; Electrovaya (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELVA#NASDAQ">ELVA</a>) is likely to report earnings for its first quarter.
&bull; 2U (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) is likely to report quarterly earnings at $0.64 per share on revenue of $280.67 million.
&bull; Service Corp Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCI#NYSE">SCI</a>) is estimated to report quarterly earnings at $0.91 per share on revenue of $1.02 billion.
&bull; Equity Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQC#NYSE">EQC</a>) is projected to report earnings for its fourth quarter.
&bull; Safehold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAFE#NYSE">SAFE</a>) is estimated to report quarterly earnings at $0.35 per share on revenue of $85.95 million.
&bull; Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) is projected to report earnings for its fourth quarter.
&bull; Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) is estimated to report earnings for its fourth quarter.
&bull; SPDR ICE Preferred Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSK#NYSE">PSK</a>) is likely to report quarterly earnings at $0.23 per share on revenue of $125.00 million.
&bull; Intercorp Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFS#NYSE">IFS</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $419.95 million.
&bull; ZoomInfo Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $310.67 million.
&bull; Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $456.79 million.
&bull; Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) is projected to report quarterly earnings at $4.15 per share on revenue of $2.81 billion.
&bull; Investcorp Credit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICMB#NASDAQ">ICMB</a>) is estimated to report quarterly earnings at $0.13 per share on revenue of $6.42 million.
&bull; Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $299.05 million.
&bull; Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $141.34 million.
&bull; Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) is estimated to report quarterly earnings at $1.25 per share on revenue of $319.48 million.
&bull; Hudson Pacific Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>) is estimated to report earnings for its fourth quarter.
&bull; Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) is estimated to report quarterly earnings at $1.78 per share on revenue of $532.29 million.
&bull; Aspen Aerogels (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASPN#NYSE">ASPN</a>) is projected to report quarterly loss at $0.12 per share on revenue of $80.86 million.
&bull; Trinseo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSE#NYSE">TSE</a>) is estimated to report quarterly loss at $1.33 per share on revenue of $853.00 million.
&bull; Brighthouse Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) is likely to report quarterly earnings at $3.69 per share on revenue of $2.13 billion.
&bull; Beyond Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) is expected to report quarterly loss at $0.53 per share on revenue of $450 thousand.
&bull; Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) is likely to report quarterly earnings at $1.70 per share on revenue of $1.53 billion.
&bull; Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $176.19 million.
&bull; Vornado Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>) is likely to report earnings for its fourth quarter.
&bull; Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) is estimated to report quarterly earnings at $2.22 per share on revenue of $498.71 million.
&bull; James Hardie Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) is estimated to report earnings for its third quarter.
&bull; Principal Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>) is expected to report quarterly earnings at $1.68 per share on revenue of $3.60 billion.
&bull; Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) is likely to report quarterly earnings at $1.33 per share on revenue of $1.06 billion.
&bull; Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) is expected to report quarterly earnings at $1.53 per share on revenue of $5.20 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For February 12, 2024

Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-12. Here's what investors need to know before the announcement.
Analysts estimate that Blackbaud will report an earnings per share (EPS) of $1.05. 
Blackbaud bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.15, which was followed by a 8.47% increase in the share price the next day.
Here's a look at Blackbaud's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.97</td>
<td>0.93</td>
<td>0.70</td>
<td>0.60</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.12</td>
<td>0.98</td>
<td>0.72</td>
<td>0.68</td>
</tr>
<tr>
<td>Price Change %</td>
<td>8.47%</td>
<td>-1.05%</td>
<td>4.11%</td>
<td>-5.36%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707487269_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Blackbaud were trading at $80.67 as of February 07. Over the last 52-week period, shares are up 31.47%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/BLKB/earnings">To track all earnings releases for Blackbaud visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Blackbaud

In entering into this settlement, Blackbaud has neither admitted nor denied any of the allegations made by the FTC, whether in the FTC's complaint or its associated press release.

Legal

Blackbaud Settles With FTC Regarding 2020 Security Incident; Not Fined And Not Required To Make Payments

U.S. FTC Says It Requires Blackbaud To Delete Unnecessary Data, Boost Safeguards To Settle Charges Related To Data Breach

Contracts

University Of Nebraska Foundation Signs Five-Year Renewal With Blackbaud

&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4073781-1&amp;h=2493745460&amp;u=http%3A%2F%2Fwww.blackbaud.com%2F&amp;a=Blackbaud">Blackbaud</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>), the leading provider of software for powering social impact, today announced its board of directors has authorized the repurchase of up to $500 million of the company's common stock. The new stock repurchase authority significantly expands and replenishes the company's previous program that authorized the repurchase of up to $250 million in common stock.
"The expanded authorization of our stock repurchase program is reflective of our strong cash flow generation, our confidence in the business, and our continued commitment to enhancing shareholder value," said Tony Boor, chief financial officer, Blackbaud. "As we continue to execute against our capital deployment strategy, we're focused on growing the business through balance sheet management, rigorous oversight of investments in the business, and efficiently returning excess capital to shareholders."
Under the program, the company may repurchase shares of its common stock in the open market or through private transactions.&nbsp;During December 2023 and January 2024, prior to the replenishment on January 17, 2024, the company repurchased $41.1 million of its stock under the stock repurchase program. Between January 18, 2024 and January 19, 2024, the company repurchased $0.6 million. As of January 19, 2024, the remaining amount available to purchase stock under the company's repurchase program was $499.4 million.

Blackbaud Announces Reauthorized, Expanded And Replenished $500M Stock Repurchase Program

Sarah Nash, Director at Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>), reported a large insider sell on November 29, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001280058/000120919123056926//Archives/edgar/data/1280058/000120919123056926/0001209191-23-056926-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Nash sold 4,113 shares of Blackbaud. The total transaction amounted to $311,427. 
Blackbaud shares are trading down 0.2% at $75.31 at the time of this writing on Thursday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001280058">Check Out The Full List Of Blackbaud's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Massive Insider Trade At Blackbaud

Michael Gianoni, President and CEO at Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>), reported a large insider sell on November 14, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001280058/000120919123055190//Archives/edgar/data/1280058/000120919123055190/0001209191-23-055190-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that Gianoni sold 7,000 shares of Blackbaud. The total transaction amounted to $509,038. 
Blackbaud shares are trading down 0.0% at $74.0 at the time of this writing on Wednesday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001280058">Check Out The Full List Of Blackbaud's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

President and CEO of Blackbaud Sold $509K In Stock

GEORGE ELLIS, Director at Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>), reported a large insider sell on November 9, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001280058/000120919123054869//Archives/edgar/data/1280058/000120919123054869/0001209191-23-054869-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that ELLIS sold 2,500 shares of Blackbaud. The total transaction amounted to $183,903. 
Blackbaud shares are trading down 0.0% at $72.55 at the time of this writing on Friday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001280058">Check Out The Full List Of Blackbaud's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Director At This Information Technology Company Sells $183K of Stock

Blackbaud terminates its stockholder rights plan

The latest announcement is out from Blackbaud (BLKB). On March 18, 2024, Blackbaud, Inc. made significant changes to its stockholder rights by amen...

Blackbaud Streamlines Capital Structure and Shareholder Rights

PowerSchool Expects Moderate Revenue Growth With AI A Possible Catalyst

Blackbaud jumps 5% as Clearlake reportedly renews pursuit

Blackbaud could see $100 a share in a potential takeover - analyst

Blackbaud: Finally Ripe For A Rally (Rating Upgrade)

Blackbaud jumps on $80 bid from Clearlake Capital Group

Rapid growth in the software sector is fueled by increasing digitalization, growing cloud adoption, integration of AI and ML capabilities into software products, and rising cyber threats. So, let's analyze whether you should buy, hold, or sell software stocks The Sage Group (SGPYY), Qualys (QLYS), and Blackbaud (BLKB). Read more to find out... The software sector is poised to witness significant growth due to high demand for automation of business operations, growing volume of enterprise data, rapid digital transformation, demand for cloud-based solutions, and technological advancements, such as AI and ML. In 2024, <a href="https://www.gartner.com/en/newsroom/press-releases/01-17-2024-gartner-forecasts-worldwide-it-spending-to-grow-six-point-eight-percent-in-2024">global software spending</a> is expected to grow 12.7% year-over-year to $1.03 trillion.
Given these factors, investors could consider buying fundamentally sound software stocks The Sage Group plc (<a href="https://stocknews.com/stock/SGPYY/">SGPYY</a>), Qualys, Inc. (<a href="https://stocknews.com/stock/QLYS/">QLYS</a>), and Blackbaud, Inc. (<a href="https://stocknews.com/stock/BLKB/">BLKB</a>) for potential gains.
The software industry is thriving due to the rising popularity of decision support software, enterprise resource planning, customer relationship software, etc. These quality business software applications automate processes and streamline business operations. The global business software and services market is expected to expand at a <a href="https://www.grandviewresearch.com/industry-analysis/business-software-services-market">CAGR of 11.9%</a> to reach $1.15 trillion by 2030.
Besides, SaaS solutions have undergone rapid changes as technologies such as machine learning and AI are integrated to improve operation proficiency and intelligence across businesses. SaaS applications have become an embedded part of enterprise computing globally, as more than half of applications are now SaaS-based.
As per the Fortune Business Insights report, the global Software as a Service (SaaS) market is projected to grow to $1.23 trillion by 2032 at a <a href="https://www.fortunebusinessinsights.com/software-as-a-service-saas-market-102222">CAGR of 18.4%</a>.
In today's interconnected world, strengthening digital defenses is crucial, as evidenced by the surge in cyber threats. The integration of AI technologies into security protocols further improves threat detection and proactive defense measures. The global <a href="https://www.grandviewresearch.com/industry-analysis/business-software-services-market">cybersecurity market</a> size is anticipated to total $314.28 billion by 2029, growing at a CAGR of 11.4% from 2024 to 2029.
Considering these encouraging trends, let's take a look at the fundamentals of the three best software stocks.
The Sage Group plc (<a href="https://stocknews.com/stock/SGPYY/">SGPYY</a>)
Based in Newcastle upon Tyne, the United Kingdom, SGPYY provides technology solutions and services for small and medium businesses in the U.S., the United Kingdom, France, and internationally. Its product portfolio includes Sage Intacct, Sage People, Sage 200, Sage X3, Sage Accounting, Sage Payroll, and Sage HR.
On February 28, 2024, SGPYY expanded its construction cloud portfolio to serve customers better. Sage has a history of trust and innovation in cloud and construction technology, serving 48% of ENR Top 400 Contractors and 53% of BD+C Giants Top 115 Contractors.
On February 27, SGPYY signed a strategic collaboration agreement with Amazon Web Services (AWS) to enable AI-powered solutions. This partnership will significantly enhance how SMBs optimize their operations with generative AI and tackle environmental responsibilities, with Sage Earth now available in AWS Marketplace.
Also, on the same day, the company introduced its new generative AI-powered productivity assistant, Sage Copilot, which is set to revolutionize accounting, finance, and people management processes and empower customers to make smarter business decisions. This new launch is expected to extend SGPYY's market reach and drive sales.
SGPYY's trailing-12-month gross profit margin of 92.86% is 90.4% higher than the industry average of 48.78%. Likewise, the stock's trailing-12-month net income margin of 9.66% is 270.7% higher than the industry average of 2.61%.
According to the trading update for the first quarter ended December 2023, SGPYY's total revenue increased 9.8% year-over-year to £573 million ($712.28 million). Sage Business Cloud revenue was £454 million ($565.14 million), down 18% from the year-ago value, primarily driven by new customer acquisition and growth in cloud connected revenue for existing and new customers.
SGPYY's underlying total revenue for the fiscal year ended September 30, 2023, increased 12.1% year-over-year to £2.18 billion ($2.76 billion). Its underlying operating profit rose 21% from the previous year to £456 million ($577.10 million). The company's <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> grew 15.9% year-over-year to £553 million ($699.86 million).
Also, the company's underlying EPS came in at 32.25p, representing an increase of 25.3% from the prior year.
Street expects SGPYY's revenue for the fiscal year (ending September 2024) to increase 8.4% year-over-year to $2.96 billion. Similarly, the consensus revenue estimate of $3.24 billion for the fiscal year 2025 represents a 9.6% increase year-over-year.
Shares of SGPYY have gained 53.3% over the past year to close the last trading session at $59.91.
SGPYY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
SGPYY has an A grade for Stability and a B for Quality and Growth. It is ranked #4 out of 19 stocks in the B-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry.
<a href="https://stocknews.com/stock/SGPYY/">Click here</a> to access the additional SGPYY ratings (Momentum, Sentiment, and Value).
Qualys, Inc. (<a href="https://stocknews.com/stock/QLYS/">QLYS</a>)
QLYS offers a cloud-based platform that delivers information technology (IT), security, and compliance solutions in the United States and internationally. The company provides Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response.
On February 7, 2024, QLYS unveiled TotalCloud 2.0. This significant upgrade to Qualys' AI-powered cloud-native application protection platform (CNAPP) delivers a single prioritized view of cloud risk and is the first to extend its protection to SaaS applications.
On February 5, QLYS announced its award-winning suite of security solutions, including Qualys Vulnerability Management, Detection and Response (VMDR), and TotalCloud, which are integrated natively with Oracle Cloud Infrastructure (OCI).
Qualys TruRisk vulnerability and cyber risk reduction solutions are available on the Oracle Cloud Marketplace with built-in and one-click orchestration, enhancing the existing OCI Vulnerability Scanning Service-integrated Qualys experience.
QLYS's trailing-12-month gross profit margin of 80.61% is 65.3% higher than the industry average of 48.78%. Also, the stock's trailing-12-month EBITDA margin and net income margin of 34.28% and 27.34% are considerably higher than the industry averages of 9.43% and 2.61%, respectively.
During the fourth quarter that ended December 31, 2023, QLYS' total revenues increased 10.5% year-over-year to $144.57 million. It reported a non-GAAP gross profit of $120.23 million, up 13.7% from the prior year's quarter. The company's non-GAAP net income came in at $52.84 million, or $1.43 per share, up 36% and 38.8% year-over-year, respectively.
Additionally, the company's adjusted EBITDA rose 19.6% from the year-ago value to $65.84 million.
Analysts expect QLYS's revenue for the first quarter (ended March 2024) to increase 11.7% year-over-year to $146 million. The company's EPS is expected to grow 19.6% year-over-year to $1.30 for the same period. Moreover, QLYS has surpassed consensus EPS estimates in each of the trailing four quarters, which is impressive.
QLYS's stock has soared 29.7% over the past nine months to close the last trading session at $166.15.
QLYS's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to a Buy in our proprietary rating system.
The stock has an A grade for Quality. QLYS is ranked #8 in the 22-stock B-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry.
Beyond what is stated above, we've also rated QLYS for Sentiment, Value, Growth, Stability, and Momentum. Get all QLYS ratings <a href="https://stocknews.com/stock/QLYS/">here</a>.
Blackbaud, Inc. (<a href="https://stocknews.com/stock/BLKB/">BLKB</a>)
BLKB provides cloud software solutions to nonprofits, foundations, education institutions, and healthcare organizations internationally. The company offers fundraising and engagement solutions, such as Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud eTapestry, Blackbaud Luminate Online, Blackbaud TeamRaiser.
BLKB's trailing-12-month gross profit margin of 54.64% is 12% higher than the industry average of 48.78%. Also, the stock's trailing-12-month EBIT margin of 10.13% is 112.5% higher than the industry average of 4.77%. Its trailing-12-month EBITDA margin of 16.17% is 71.5% higher than the industry average of 9.43%.
BLKB's revenue increased 7.4% year-over-year to $295.01 million during the fourth quarter that ended December 31, 2023. Its non-GAAP net income rose 72.9% year-over-year to $62.18 million. The company's non-GAAP EPS grew 67.6% from the year-ago value to $1.14.
Analysts expect BLKB's revenue and EPS for the first quarter (ended March 2024) to increase 7.4% and 24.8% year-over-year to $281.16 million and $0.90, respectively. Additionally, the company has surpassed the consensus EPS estimates in each of the trailing four quarters, which is remarkable.
Shares of BLKB have gained 10.9% over the past six months to close the last trading session at $76.72.
BLKB's POWR Ratings reflect bright prospects. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
BLKB has an A grade for Growth. It is ranked #14 in the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry.
In addition to the POWR Ratings highlighted above, one can access BLKB's ratings for Value, Momentum, Stability, Sentiment, and Quality <a href="https://stocknews.com/stock/BLKB/">here</a>.
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SGPYY shares were unchanged in premarket trading Monday. Year-to-date, SGPYY has gained 0.89%, versus a 8.63% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/sgpyy-qlys-blkb-software-stock-watchlist-should-you-buy-sell-or-hold/>Software Stock Watchlist - Should You Buy, Sell, or Hold?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Software Stock Watchlist - Should You Buy, Sell, or Hold?

Blackbaud (BLKB) just unveiled an announcement. Blackbaud, Inc. has announced the receipt of an unsolicited takeover bid from Clearlake Capital Gro...

Blackbaud Receives Non-Binding Takeover Offer from Clearlake

In a report released yesterday, J. Parker Lane from Stifel Nicolaus maintained a Hold rating on Blackbaud (BLKB – Research Report), with a price ta...

Stifel Nicolaus Remains a Hold on Blackbaud (BLKB)

PWSC

QLYS

SGPYY

Press Releases

Bellco Supports Financial Education for Youth Through EVERFI Financial Literacy Bee

K-12 Schools Select Blackbaud Software to Create a Unified Total School Experience

Blackbaud Advances Fundraising Through Strategic Partnership with the Association of Fundraising Professionals

Blackbaud Institute Shares Spotlight on 2023 Trends in Giving

Blackbaud Opens Registration for bbcon 2024

Blackbaud to Review Unsolicited Proposal from Clearlake Capital Group

Blackbaud Announces Date of First Quarter Financial Results

Blackbaud to Transform the Future of Fundraising with Trailblazing Enhancements for Raiser's Edge NXT

London Marathon Runners Raise More Than $50 Million for Charity on Blackbaud's JustGiving® Platform