Ami Asset Management Has Lifted By $5.88 Million Its Blackbaud Com (BLKB) Stake; Pimco Global Stocksplus & Income Fund (PGP) Has 1.5 Sentiment

June 9, 2017 - By Linda Rogers

Ami Asset Management Corp increased Blackbaud Inc Com (BLKB) stake by 135.06% reported in 2016Q4 SEC filing. Ami Asset Management Corp acquired 91,829 shares as Blackbaud Inc Com (BLKB)’s stock rose 9.41%. The Ami Asset Management Corp holds 159,822 shares with $10.23 million value, up from 67,993 last quarter. Blackbaud Inc Com now has $4.23 billion valuation. The stock increased 0.64% or $0.56 during the last trading session, reaching $88.05. About shares traded. Blackbaud, Inc. (NASDAQ:BLKB) has risen 35.80% since June 9, 2016 and is uptrending. It has outperformed by 19.10% the S&P500.

PIMCO Global StocksPLUS & Income Fund is a closed-end management investment company. The company has market cap of $211.73 million. The Fund’s investment objective is to seek total return consisting of current income, current gains and long-term capital appreciation. It currently has negative earnings. The Fund invests in securities, such as bank loan obligations, municipal bonds and notes, corporate bonds and notes, the United States government agencies, non-agency mortgage-backed securities, the United States treasury obligations, asset-backed securities and short-term instruments, among others.

Among 10 analysts covering Blackbaud Inc (NASDAQ:BLKB), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Blackbaud Inc had 16 analyst reports since October 13, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, June 30 by Stifel Nicolaus. Wunderlich downgraded the stock to “Hold” rating in Friday, February 10 report. The stock of Blackbaud, Inc. (NASDAQ:BLKB) earned “Neutral” rating by Robert W. Baird on Tuesday, February 28. The firm earned “Outperform” rating on Thursday, December 10 by Robert W. Baird. Pacific Crest initiated the stock with “Sector Weight” rating in Tuesday, March 22 report. The firm has “Underperform” rating given on Wednesday, November 23 by Bank of America. The company was initiated on Thursday, February 18 by Wunderlich. The stock has “Hold” rating by Evercore on Monday, June 27. B. Riley & Co initiated the shares of BLKB in report on Tuesday, October 13 with “Neutral” rating. On Thursday, November 19 the stock rating was initiated by Benchmark with “Buy”.

Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.39, from 1.38 in 2016Q3. It is negative, as 27 investors sold BLKB shares while 68 reduced holdings. 25 funds opened positions while 69 raised stakes. 51.96 million shares or 3.92% more from 50.00 million shares in 2016Q3 were reported. 22 are held by Company Of Vermont. First Mercantile holds 11,537 shares. Campbell Newman Asset Incorporated reported 0.05% in Blackbaud, Inc. (NASDAQ:BLKB). 16,500 are owned by Virginia Retirement System Et Al. Proshare Advsr Ltd invested in 0.01% or 9,660 shares. State Of Tennessee Treasury Department accumulated 37,547 shares. Swiss Bank, a Switzerland-based fund reported 78,153 shares. Pub Sector Pension Inv Board stated it has 0.02% of its portfolio in Blackbaud, Inc. (NASDAQ:BLKB). The Pennsylvania-based Susquehanna Intll Group Ltd Liability Partnership has invested 0% in Blackbaud, Inc. (NASDAQ:BLKB). Champlain Invest Prtn Llc stated it has 1.83% in Blackbaud, Inc. (NASDAQ:BLKB). Apriem Advsr accumulated 74 shares. Millennium Mgmt Ltd Liability Co reported 52,440 shares. Contravisory Inv invested in 2,650 shares. Bancorporation Of America Corp De owns 455,318 shares or 0.01% of their US portfolio. Fdx Advsrs reported 13,152 shares stake.

Ami Asset Management Corp decreased Pra Group Inc. (NASDAQ:PRAA) stake by 56,076 shares to 386,805 valued at $15.12M in 2016Q4. It also reduced Virtusa Corp Com (NASDAQ:VRTU) stake by 59,309 shares and now owns 369,605 shares. Multi Color Corp Com (NASDAQ:LABL) was reduced too.

Since January 3, 2017, it had 0 insider purchases, and 22 insider sales for $10.63 million activity. $337,346 worth of stock was sold by Olson Jon W on Tuesday, February 28. MOONEY KEVIN W sold 9,700 shares worth $630,963. 9,024 shares valued at $713,437 were sold by BOOR ANTHONY W on Thursday, May 4. $195,000 worth of Blackbaud, Inc. (NASDAQ:BLKB) was sold by MISTRETTA JOHN J on Wednesday, April 5. Cumbaa Charles T sold $549,335 worth of Blackbaud, Inc. (NASDAQ:BLKB) on Thursday, February 9. On Monday, February 13 the insider CHOU TIMOTHY C K sold $249,430. $64,903 worth of Blackbaud, Inc. (NASDAQ:BLKB) shares were sold by Nash Sarah E.