Blackbaud, Inc. (BLKB)

Blackbaud's stock has experienced several notable events in the past six months. The stock declined approximately 15% since January 2025, exacerbated by a poor Q1 earnings release. The board of directors reauthorized, expanded, and replenished its stock repurchase program, increasing the total capacity from $500 million to $800 million. During the first half of 2024, the company repurchased 2,954,211 shares for $262.6 million. Blackbaud issued its Q2 2025 earnings, reporting an EPS of $1.21, surpassing analysts' estimates, but quarterly revenue fell 2.1% year-over-year. The company raised its guidance for the remainder of 2025, projecting revenue between $1.120 billion and $1.130 billion. Blackbaud's Q3 2025 earnings are scheduled for October 29, 2025.

Blackbaud's transactional revenue can fluctuate from quarter to quarter, with Q4 typically being its highest revenue quarter. Q3 and Q4 tend to have higher compensation-related costs compared to Q1 and Q2 due to annual merit increases for employee compensation going into effect on July 1.

Blackbaud, Inc. is a cloud software company powering social good, operating in the Technology sector, specifically in the Computer Software: Prepackaged Software industry. It provides cloud software, services, data intelligence, and expertise for nonprofits, educational institutions, healthcare organizations, and foundations globally. Its solutions encompass fundraising and CRM, peer-to-peer fundraising, CSR and ESG programs, education management, ticketing, grantmaking, financial management, payment processing, and analytics, designed to help organizations with donor management, transactional processing, and compliance.

Blackbaud has a global geographic footprint, with operations in the United States, Australia, Canada, Costa Rica, India, and the United Kingdom. The company supports millions of users in over 100 countries worldwide.

Blackbaud has maintained a positive brand reputation, marked by recognitions and a focus on innovation. Blackbaud was named to Newsweek's Excellence 1000 2024 Index and America's Most Responsible Companies 2024 List. The company also received the Corporate Governance Team of the Year award and was honored by IR Magazine for Best ESG reporting. Blackbaud unveiled an AI agent tailored to the social impact sector and announced an AI Coalition for Social Impact, rolling out over 70 embedded, sector-specific capabilities. Blackbaud announced the winners of its 2025 Impact Awards, and a new report highlighted the long-term engagement and value of GivingTuesday donors.

Ownership of Blackbaud, Inc. is predominantly held by institutional investors, with approximately 94.21% of the stock held by institutions and 1.97% by insiders. Major institutional owners include Clearlake Capital Group, L.p., BlackRock, Inc., Vanguard Group Inc, Morgan Stanley, Janus Henderson Group Plc, and State Street Corp. Clearlake Capital Group LP is the largest individual Blackbaud shareholder, owning 9.75 million shares, representing 20.10% of the company. Individual retail investors hold a relatively small fraction of the outstanding shares.