Blackbaud Stock Hits New 52-Week High (BLKB)

NEW YORK ( TheStreet) -- Blackbaud (Nasdaq: BLKB) hit a new 52-week high Monday as it is currently trading at $30.42, above its previous 52-week high of $30.40 with 3,525 shares traded as of 9:59 a.m. ET. Average volume has been 170,800 shares over the past 30 days.

Blackbaud has a market cap of $1.34 billion and is part of the technology sector and computer software & services industry. Shares are up 9.3% year to date as of the close of trading on Friday.

Blackbaud, Inc. provides software and related services for nonprofit organizations worldwide. The company has a P/E ratio of 37.6, below the average computer software & services industry P/E ratio of 38.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Blackbaud as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Blackbaud Ratings Report.

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