Scharf Investments Lifted By $1.57 Million Its Nuveen Select Tax Free Incm (NXP) Holding; Blackbaud Has 1.42 Sentiment

December 7, 2017 - By Ellis Scott

Scharf Investments Llc increased Nuveen Select Tax Free Incm (NXP) stake by 135.24% reported in 2017Q2 SEC filing. Scharf Investments Llc acquired 112,074 shares as Nuveen Select Tax Free Incm (NXP)’s stock rose 3.18%. The Scharf Investments Llc holds 194,943 shares with $2.80M value, up from 82,869 last quarter. Nuveen Select Tax Free Incm now has $247.40M valuation. The stock increased 0.27% or $0.04 during the last trading session, reaching $14.93. About 7,317 shares traded. Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) has declined 3.42% since December 7, 2016 and is downtrending. It has underperformed by 20.12% the S&P500.

Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, firms, education institutions, healthcare organizations, and other charitable giving entities in the United States, Canada, Europe, and Australia. The company has market cap of $4.54 billion. It operates in three divisions: General Markets Business Unit, Enterprise Customer Business Unit, and International Business Unit. It has a 87.01 P/E ratio. The firm offers Raiser's Edge NXT and Blackbaud CRM , which are fundraising and relationship management solutions; Luminate CRM for campaign management, constituent relations, business intelligence, and analytics; eTapestry, a cloud fundraising and donor management solution; and everydayhero, a cloud crowdfundraising solution.

Brown Capital Management Llc holds 5.2% of its portfolio in Blackbaud, Inc. for 4.95 million shares. Night Owl Capital Management Llc owns 86,717 shares or 3.89% of their US portfolio. Moreover, Sandhill Capital Partners Llc has 3.51% invested in the company for 193,635 shares. The Pennsylvania-based Conestoga Capital Advisors Llc has invested 3.41% in the stock. Smith & Howard Wealth Management Llc, a Georgia-based fund reported 75,128 shares.

The stock increased 0.42% or $0.3989 during the last trading session, reaching $96.4989. About 41,373 shares traded. Blackbaud, Inc. (BLKB) has risen 35.80% since December 7, 2016 and is uptrending. It has outperformed by 19.10% the S&P500.

Ratings analysis reveals 33% of Blackbaud’s analysts are positive. Out of 3 Wall Street analysts rating Blackbaud, 1 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $75.0 while the high is $79.0. The stock’s average target of $77 is -20.21% below today’s ($96.4989) share price. BLKB was included in 3 notes of analysts from November 23, 2016. The rating was downgraded by Robert W. Baird on Tuesday, February 28 to “Neutral”. On Wednesday, November 23 the stock rating was downgraded by Bank of America to “Underperform”. The firm has “Buy” rating by Stifel Nicolaus given on Friday, February 10.

Analysts await Blackbaud, Inc. (NASDAQ:BLKB) to report earnings on February, 14. They expect $0.45 earnings per share, down 10.00% or $0.05 from last year’s $0.5 per share. BLKB’s profit will be $21.15 million for 53.61 P/E if the $0.45 EPS becomes a reality. After $0.42 actual earnings per share reported by Blackbaud, Inc. for the previous quarter, Wall Street now forecasts 7.14% EPS growth.

Scharf Investments Llc decreased Oracle Corp (NYSE:ORCL) stake by 449,956 shares to 5.81M valued at $291.43 million in 2017Q2. It also reduced Cerner Corp (NASDAQ:CERN) stake by 369,387 shares and now owns 1.62M shares. Cognizant Technology Solutio (NASDAQ:CTSH) was reduced too.

Investors sentiment decreased to 1.08 in Q2 2017. Its down 1.17, from 2.25 in 2017Q1. It is negative, as 5 investors sold NXP shares while 8 reduced holdings. 5 funds opened positions while 9 raised stakes. 1.50 million shares or 0.16% more from 1.50 million shares in 2017Q1 were reported. Lc holds 0.02% of its portfolio in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) for 14,952 shares. Landscape Cap Management stated it has 20,637 shares or 0.03% of all its holdings. Pnc Fincl Serv Gp has 9,608 shares for 0% of their portfolio. Scharf Invests invested 0.07% of its portfolio in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP). Van Eck Associate has 0% invested in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP). Commonwealth Equity Inc has invested 0% in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP). Capital Advisers Lc has invested 0.01% in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP). Next Financial Grp Inc invested in 2,215 shares. Creative Planning reported 428 shares or 0% of all its holdings. Winslow Evans Crocker Inc stated it has 0% of its portfolio in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP). Morgan Stanley holds 0% in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP) or 288,076 shares. Rmb Management Ltd Liability Company reported 12,142 shares. Da Davidson & Company has invested 0% in Nuveen Select Tax-Free Income Portfolio (NYSE:NXP). Ameriprise owns 14,273 shares. 1,300 were reported by Manufacturers Life The.

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