Blackbaud (NASDAQ:BLKB) Posts Earnings Results

Blackbaud (NASDAQ:BLKB) announced its quarterly earnings results on Wednesday. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06, Briefing.com reports. The company had revenue of $281.14 million for the quarter, compared to analyst estimates of $279.81 million. Blackbaud had a net margin of 12.41% and a return on equity of 176.76%. Blackbaud’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.96 EPS. Blackbaud updated its FY 2026 guidance to 5.150-5.250 EPS.

Here are the key takeaways from Blackbaud’s conference call:

• Blackbaud launched its first agentic product, the Fundraising Development Agent, now generally available with pricing expected in the low tens of thousands per year and a plan to cross-sell subscriptions to thousands of existing and new customers, creating a new subscription and potential transactional revenue stream.
• Q1 results: organic revenue grew 4.2% to $281M, non?GAAP adjusted EBITDA was $99M, non?GAAP EPS rose to $1.14 (+20% YoY), free cash flow was $37M, and the company repurchased roughly 4.5% of shares outstanding.
• Management reaffirmed 2026 guidance and set 2026–2030 targets of ~4–6% annual organic revenue growth, 6–8% adjusted EBITDA growth with >40% EBITDA margin, a >13% non?GAAP EPS CAGR, and plans to deploy 50%+ of 2026–2030 free cash flow to buybacks.
• They warned Q2 adjusted EBITDA dollars may decline slightly due to planned AI investments and noted 2026 results are back?loaded, but also highlighted gross?margin upside from closing legacy data centers and internal AI productivity gains across engineering and operations.

Blackbaud Stock Performance

Blackbaud stock traded down $0.02 during midday trading on Friday, reaching $37.16. 116,957 shares of the stock traded hands, compared to its average volume of 529,988. The firm has a fifty day moving average price of $41.71 and a two-hundred day moving average price of $52.88. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.34 and a beta of 1.18. Blackbaud has a fifty-two week low of $33.95 and a fifty-two week high of $74.88. The company has a current ratio of 0.74, a quick ratio of 0.79 and a debt-to-equity ratio of 33.66.

Insider Transactions at Blackbaud

In related news, EVP Kevin P. Gregoire sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total transaction of $100,040.00. Following the completion of the sale, the executive vice president directly owned 135,194 shares of the company’s stock, valued at $6,762,403.88. This represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kevin Mcdearis sold 15,462 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $46.43, for a total transaction of $717,900.66. Following the sale, the executive vice president directly owned 91,756 shares of the company’s stock, valued at approximately $4,260,231.08. This represents a 14.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 39,801 shares of company stock valued at $1,893,874. Company insiders own 1.97% of the company’s stock.

Institutional Investors Weigh In On Blackbaud

A number of large investors have recently made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in shares of Blackbaud by 23.9% during the fourth quarter. Pacer Advisors Inc. now owns 6,133 shares of the technology company’s stock valued at $388,000 after acquiring an additional 1,183 shares during the period. Invesco Ltd. grew its position in Blackbaud by 2.4% in the fourth quarter. Invesco Ltd. now owns 106,070 shares of the technology company’s stock worth $6,716,000 after acquiring an additional 2,465 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Blackbaud by 26.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,583 shares of the technology company’s stock worth $417,000 after acquiring an additional 1,369 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Blackbaud in the fourth quarter worth approximately $252,000. Finally, Fuller & Thaler Asset Management Inc. grew its position in Blackbaud by 14.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 400,735 shares of the technology company’s stock worth $25,375,000 after acquiring an additional 50,235 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on BLKB shares. Evercore set a $55.00 price target on shares of Blackbaud in a report on Wednesday, February 11th. Zacks Research downgraded shares of Blackbaud from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings downgraded shares of Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, April 21st. Stifel Nicolaus dropped their target price on shares of Blackbaud from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Raymond James Financial set a $60.00 price objective on shares of Blackbaud in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $52.50.

About Blackbaud

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.