Ride Out The Next Market Storm With Blackbaud Inc. (NASDAQ:BLKB), IBERIABANK Corporation (NASDAQ:IBKC)

The shares of Blackbaud Inc. (NASDAQ:BLKB) has been pegged with a rating of Underperform by BofA/Merrill in its latest research note that was published on August 01, 2019. The Technology company has also assigned a $80 price target. BofA/Merrill wasn’t the only research firm that published a report of Blackbaud Inc., with other equities research analysts also giving their opinion on the stock. Stephens advised investors in its research note published on April 03, 2019, to Equal-Weight the BLKB stock while also putting a $86 price target. The stock had earned Overweight rating from Stephens Markets when it published its report on January 17, 2019. Raymond James was of a view that BLKB is Mkt Perform in its latest report on October 09, 2018. JMP Securities thinks that BLKB is worth Mkt Perform rating.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $77.80. The price of the stock the last time has raised by 30.43% from its 52-Week high price while it is -48.79% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 37.33.

The shares of the company dipped by -4.72% during the trading session on Wednesday, reaching a low of $49.60 while ending the day at $49.85. During the trading session, a total of 535159.0 shares were traded which represents a -29.02% decline from the average session volume which is 414780.0 shares. BLKB had ended its last session trading at $52.32. Blackbaud Inc. debt-to-equity ratio currently stands at 1.18, while its quick ratio hovers at 0.70 BLKB 52-week low price stands at $38.22 while its 52-week high price is $97.35.

The company in its last quarterly report recorded $0.26 earnings per share which is above the predicted by most analysts. The Blackbaud Inc. generated 577.29 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.31 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -7.69%. Blackbaud Inc. has the potential to record 1.11 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Jefferies published a research note on January 07, 2020 where it informed investors and clients that IBERIABANK Corporation (NASDAQ:IBKC) is now rated as Hold. Their price target on the stock stands at $73. Keefe Bruyette also rated IBKC as Downgrade on November 07, 2019, with its price target of $87 suggesting that IBKC could surge by 55.31% from its current share price. Even though the stock has been trading at $33.46/share, analysts expect it to surge by 8.61% to reach $81.31/share. It started the day trading at $39.16 and traded between $31.61 and $36.34 throughout the trading session.

A look at its technical shows that IBKC’s 50-day SMA is 62.48 while its 200-day SMA stands at 71.13. The stock has a high of $81.86 for the year while the low is $25.65. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 1.07 M shorted shares, the short percentage went higher by 77.80%, as 1.91M BLKB shares were shorted. The company’s P/E ratio currently sits at 5.25, while the P/B ratio is 0.46. The company’s average trading volume currently stands at 525.90K shares, which means that the short-interest ratio is just 2.04 days. Over the past seven days, the company moved, with its shift of 34.39%. Looking further, the stock has dropped -51.91% over the past 90 days while it lost -51.61% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. sold more IBKC shares, decreasing its portfolio by -1.82% during the last quarter. This move now sees The The Vanguard Group, Inc. selling -87,741 shares in the last quarter, thus it now holds 4,745,465 shares of IBKC, with a total valuation of $285,629,538. BlackRock Fund Advisors meanwhile bought more IBKC shares in the recently filed quarter, changing its stake to $215,302,700 worth of shares.

Similarly, Dimensional Fund Advisors LP increased its IBERIABANK Corporation shares by 0.81% during the recently filed quarter. After buying 2,779,424 shares in the last quarter, the firm now controls 22,378 shares of IBERIABANK Corporation which are valued at $167,293,531. In the same vein, Silvercrest Asset Management Grou… increased its IBERIABANK Corporation shares by during the most recent reported quarter. The firm bought 128,185 shares during the quarter which increased its stakes to 2,766,487 shares and is now valued at $166,514,853. Following these latest developments, around 1.90% of IBERIABANK Corporation stocks are owned by institutional investors and hedge funds.