Blackbaud (NASDAQ:BLKB) Releases FY 2026 Earnings Guidance

Blackbaud (NASDAQ:BLKB) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 5.150-5.250 for the period, compared to the consensus EPS 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 Blackbaud stock traded down $1.75 during trading hours on Thursday, reaching $40.43. 441,675 shares of the company’s stock were exchanged, compared to its average volume of 655,877. The business has a fifty day moving average of $29.92 and a two-hundred day moving average of $39.23. The company has a market capitalization of $1.86 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 1.28 and a beta of 1.01. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 33.66. Blackbaud has a 1 year low of $25.58 and a 1 year high of $70.94.

Blackbaud (NASDAQ:BLKB) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.10. The company had revenue of $290.60 million during the quarter, compared to analysts’ expectations of $292.23 million. Blackbaud had a net margin of 12.41% and a return on equity of 176.76%. Blackbaud’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.21 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, research analysts predict that Blackbaud will post 3.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Zacks Research cut Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Robert W. Baird set a $54.00 target price on shares of Blackbaud in a report on Thursday. Weiss Ratings cut shares of Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 23rd. Stifel Nicolaus cut their price target on shares of Blackbaud from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, July 10th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 price target on shares of Blackbaud in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Blackbaud has a consensus rating of “Hold” and an average target price of $48.50.

Insider Buying and Selling at Blackbaud

In other Blackbaud news, CFO Chad Anderson sold 6,205 shares of Blackbaud stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $31.31, for a total transaction of $194,278.55. Following the completion of the sale, 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 at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.01% of the stock is currently owned by corporate insiders.

More Blackbaud News

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 $1.23 analyst consensus and improving from $1.21 a year earlier. Blackbaud Surpasses Q2 Earnings Estimates
• Positive Sentiment: Management reaffirmed fiscal 2026 revenue guidance of approximately $1.173 billion to $1.179 billion and expects to finish in the upper half of its ranges for revenue, adjusted EBITDA, non-GAAP EPS and free cash flow. Full-year EPS guidance of $5.15-$5.25 is above the $4.87 consensus estimate. Blackbaud Announces Second-Quarter Results
• Positive Sentiment: Recurring revenue increased 3.3% year over year to $285.3 million, representing 98.2% of total revenue. The company also generated $91.1 million in operating cash flow and had roughly $850 million remaining under its share-repurchase authorization. Blackbaud Q2 Revenue Rises
• Neutral Sentiment: Management emphasized continued development of AI-powered products and solutions for the social-impact sector, which could support longer-term growth, although the earnings materials did not indicate a major near-term revenue contribution. Blackbaud Q2 Earnings Call Highlights
• Negative Sentiment: Revenue of $290.6 million rose only 3.3% year over year and fell slightly short of the $292.2 million analyst estimate. That muted top-line performance may be outweighing the adjusted EPS beat and positive cash-flow results in the market’s reaction. Blackbaud Q2 2026 Earnings Call Transcript
• Negative Sentiment: Recent reported insider activity showed sales by several executives and no purchases over the past six months, a potentially negative sentiment signal, although such transactions may reflect personal liquidity needs rather than a change in business expectations.

Institutional Trading of Blackbaud

Several institutional investors have recently added to or reduced their stakes in BLKB. Pacer Advisors Inc. lifted its stake in Blackbaud by 23.9% during the fourth 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. boosted its position in shares of Blackbaud by 2.4% during the fourth quarter. Invesco Ltd. now owns 106,070 shares of the technology company’s stock worth $6,716,000 after buying an additional 2,465 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Blackbaud by 26.3% in the fourth 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 in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Blackbaud in the fourth quarter valued at $252,000. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Blackbaud by 14.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 400,735 shares of the technology company’s stock valued at $25,375,000 after buying an additional 50,235 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.