VOLUME ALERT: Blackbaud Inc. (BLKB)

Posted in General 
July 6th, 2009

Blackbaud Inc. (Nasdaq: BLKB) shares are down more than 8 percent to $14.71, with more than half the stock’s average daily volume changing hands as of 11 a.m. Eastern. The company’s stock was downgraded by Jefferies & Co. early this morning, over concerns about continued license sales weakness to nonprofit customers and worries that large-ticket sales could slow down. — Mike Tarsala

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