Error: Creating an instance of the COM component with CLSID {080D0D78-F421-11D0-A36E-00C04FB950DC} from the IClassFactory failed due to the following error: 800401e4 Invalid syntax - when attempting to change password

When attempting to change a Windows Authenticated password from CRM, one may encounter the following error:

Data could not be saved. Creating an instance of the COM component with CLSID {080D0D78-F421-11D0-A36E-00C04FB950DC} from the IClassFactory failed due to the following error: 800401e4 Invalid syntax (Exception from HRESULT: 0x800401E4 (MK_E_SYNTAX)).
Hosted Clients:
Contact Support and reference this article.

Self-hosted Clients:
Navigate to the Advanced Settings of your IIS App Pool and set the "Load User Profile" option to True.

Steps to Duplicate

1.   When logged into CRM, find and click the "Welcome, [insert name]" drop-down menu in the top-right corner of the window. Click Change password.
2.   In the Change password window, type your Old password, New password, and Confirm password entries in their respective fields. Click Save. Encounter error:

Data could not be saved. Creating an instance of the COM component with CLSID {080D0D78-F421-11D0-A36E-00C04FB950DC} from the IClassFactory failed due to the following error: 800401e4 Invalid syntax (Exception from HRESULT: 0x800401E4 (MK_E_SYNTAX)).

Environment

 Blackbaud CRM
 4.0

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