Blackbaud (NASDAQ:BLKB) Issues FY 2026 Earnings Guidance

Blackbaud (NASDAQ:BLKB) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 5.150-5.250 for the period, compared to the consensus estimate of 4.870. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

Blackbaud Price Performance

Shares of NASDAQ BLKB traded up $7.38 during mid-day trading on Wednesday, hitting $43.31. 637,853 shares of the stock were exchanged, compared to its average volume of 649,361. Blackbaud has a twelve month low of $25.58 and a twelve month high of $74.88. The stock’s fifty day simple moving average is $29.69 and its two-hundred day simple moving average is $39.37. The company has a debt-to-equity ratio of 33.66, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $1.99 billion, a P/E ratio of 14.70, a PEG ratio of 1.23 and a beta of 1.01.

Blackbaud (NASDAQ:BLKB) last posted its earnings results on Wednesday, April 29th. The technology company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. Blackbaud had a net margin of 12.41% and a return on equity of 176.76%. The firm had revenue of $281.14 million for the quarter, compared to analysts’ expectations of $279.81 million. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. As a group, analysts forecast that Blackbaud will post 3.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLKB has been the subject of a number of recent research reports. Weiss Ratings cut Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 23rd. Zacks Research cut Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Stifel Nicolaus lowered their price objective on Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Finally, Robert W. Baird upgraded shares of Blackbaud from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $60.00 to $50.00 in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $48.75.

Insider Buying and Selling at Blackbaud

In other news, CFO Chad Anderson sold 6,205 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $31.31, for a total transaction of $194,278.55. Following the completion of the transaction, the chief financial officer directly owned 62,869 shares in the company, valued at $1,968,428.39. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.01% of the company’s stock.

Trending Headlines about Blackbaud

Here are the key news stories impacting Blackbaud this week:

• Positive Sentiment: Blackbaud reported second-quarter adjusted earnings of $1.33 per share, exceeding the Zacks consensus estimate of $1.23 and rising from $1.21 a year earlier. Blackbaud Surpasses Q2 Earnings Estimates
• Positive Sentiment: Revenue increased 3.0% year over year to $290.6 million, while recurring revenue rose 3.3% to $285.3 million and represented 98.2% of total revenue. The company also generated $91.1 million in operating cash flow.
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $5.15-$5.25, above the $4.87 analyst consensus, and said it expects to finish the year in the upper half of its revenue, adjusted EBITDA, earnings and free-cash-flow ranges.
• Positive Sentiment: Blackbaud reaffirmed full-year GAAP revenue guidance of $1.173 billion to $1.179 billion and retained approximately $850 million under its share-repurchase authorization, providing potential support for per-share results. Blackbaud Announces 2026 Second Quarter Results
• Neutral Sentiment: Reported GAAP results were less robust than adjusted results: diluted GAAP EPS was $0.79 and net income was $35.4 million, although operating margin was a solid 21.3%.
• Negative Sentiment: Revenue growth remained modest at roughly 3%, and insider-trading data showed eight open-market sales and no purchases over the past six months, a potential caution signal for investors.

Institutional Investors Weigh In On Blackbaud

A number of large investors have recently bought and sold shares of the stock. Pacer Advisors Inc. increased its holdings in Blackbaud by 23.9% during the 4th quarter. Pacer Advisors Inc. now owns 6,133 shares of the technology company’s stock worth $388,000 after purchasing an additional 1,183 shares in the last quarter. Invesco Ltd. grew its holdings in Blackbaud by 2.4% during the fourth quarter. Invesco Ltd. now owns 106,070 shares of the technology company’s stock valued at $6,716,000 after purchasing an additional 2,465 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Blackbaud by 26.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,583 shares of the technology company’s stock valued at $417,000 after buying an additional 1,369 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Blackbaud in the 4th quarter worth about $252,000. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Blackbaud by 14.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 400,735 shares of the technology company’s stock valued at $25,375,000 after purchasing an additional 50,235 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.