BlackRock Amends Blackbaud Stake, Signals Institutional Confidence
Ticker: BLKB · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1280058
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Blackbaud stake, showing continued institutional interest.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Blackbaud Inc. common stock as of December 31, 2023. This filing, Amendment No. 16, updates their previous disclosures regarding their stake in Blackbaud. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in Blackbaud's future performance, potentially influencing other investors' decisions.
Why It Matters
Large institutional ownership by firms like BlackRock can provide stability and legitimacy to a stock, but significant reductions could signal concerns.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should monitor future SC 13G/A filings from BlackRock regarding Blackbaud to track any significant changes in their ownership percentage, which could signal a shift in institutional sentiment.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- BLACKBAUD INC (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 16 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will maintain a significant stake in Blackbaud Inc. throughout 2024. (BlackRock, Inc.) — medium confidence, target: 2024-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 16)'.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.
What is the subject company whose securities are being reported?
The subject company is BLACKBAUD INC, as indicated by 'Name of Issuer) BLACKBAUD INC' and in the 'SUBJECT COMPANY' section.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of BLACKBAUD INC is 09227Q100, as listed under '(CUSIP Number) 09227Q100'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding BLACKBAUD INC (BLKB).