From MarketBeat:

Grandfield & Dodd LLC reported a 34.4% reduction in Blackbaud, Inc. holdings in the third quarter according to SEC reports. The fund owned 98,040 shares valued at $6,894,000 at the time. Several hedge funds and institutional investors have also recently bought or sold Blackbaud shares. StockNews.com issued a “buy” rating for Blackbaud stock on October 5th.

In related news, Director Sarah E. Nash sold 4,113 shares of Blackbaud stock, valuing at $311,436.36. COO Kevin P. Gregoire also sold his stake in Blackbaud, offloading 5,000 shares for $362,400. Insiders have sold a total of 11,613 shares of company stock valued at $857,736 over the last ninety days.

Blackbaud stock (BLKB) last traded at $81.73, with a 1-year low of $53.39 and 1-year high of $88.56. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.52 by $0.13. Analysts forecast 1.97 earnings per share for the current year.

Blackbaud, Inc. provides cloud software solutions to various organizations in the United States and internationally. The company offers fundraising and engagement solutions, as well as financial management solutions.

MarketBeat’s top-rated and best performing research analysts have identified five stocks they recommend to buy now for a profitable investment opportunity. However, Blackbaud was not included in this list.



Read more: Grandfield & Dodd LLC Decreases Stock Position in Blackbaud, Inc. (NASDAQ:BLKB)