Blackbaud, Inc.
Blackbaud, Inc. (BLKB) has a dated report snapshot, but its current priced-in claim is temporarily suppressed because the live engine record is unavailable or has changed.
At about $27 the market pays roughly 13 times company-wide operating income. That multiple sits below what even a 5% per year decline in operating profit would warrant. The price is not betting on growth; it is bracing for shrinkage. The business does not look like it is shrinking. Contractual recurring revenue, about 64% of the total, plus transactional recurring revenue together make up the vast majority of sales, and the company is targeting mid-single-digit growth after divesting EVERFI. T
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282 institutional managers reported holding BLKB in 13F filings for the quarter ended 2026-03-31. 40 opened new positions that quarter. Held by Vanguard Group, BlackRock, Morgan Stanley, among others. On the short side, 4.2M shares were sold short as of the 2026-06-15 count, about 9% of shares outstanding (6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BLKB has cut its share count 4.6% over the past five years, spending $790.04M on repurchases. It pays no dividend. Cash returned over the past three years: $739.70M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at BLKB over the trailing three years. Absence is a fact about the company, not a signal. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
BLKB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -1.6% | -4.9% |
| 2023-11-02 | +8.5% | +16.7% |
| 2024-02-22 | -14.2% | +15.7% |
| 2024-05-02 | -3.6% | -3.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
BLKB's latest 8-K filings: 2026-06-11 (items 5.07); 2026-04-29 (items 2.02, 9.01); 2026-02-10 (items 2.02, 9.01); 2025-12-22 (items 5.02, 9.01); 2025-12-19 (items 5.03).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.