Blackbaud Stock Hits New 52-Week High (BLKB)

NEW YORK ( TheStreet) -- Blackbaud (Nasdaq: BLKB) hit a new 52-week high Thursday as it is currently trading at $32.82, above its previous 52-week high of $32.71 with 478,820 shares traded as of 11:20 a.m. ET. Average volume has been 172,100 shares over the past 30 days.

Blackbaud has a market cap of $1.33 billion and is part of the technology sector and computer software & services industry. Shares are up 15.5% year to date as of the close of trading on Wednesday.

Blackbaud, Inc. provides software and related services for nonprofit organizations worldwide. The company has a P/E ratio of 39.4, above the average computer software & services industry P/E ratio of 37.8 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, increase in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Blackbaud Ratings Report.

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