Blackbaud (NASDAQ:BLKB) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Blackbaud (NASDAQ:BLKB) issued its quarterly earnings results on Wednesday. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06, Briefing.com reports. Blackbaud had a return on equity of 175.57% and a net margin of 10.19%.The firm had revenue of $281.14 million during the quarter, compared to the consensus estimate of $279.33 million. During the same period last year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. 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 Price Performance

Blackbaud stock traded up $1.53 during midday trading on Wednesday, reaching $39.04. 953,496 shares of the company were exchanged, compared to its average volume of 530,863. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.28 and a beta of 1.18. The firm’s 50-day simple moving average is $42.16 and its 200-day simple moving average is $53.09. Blackbaud has a 1 year low of $33.95 and a 1 year high of $74.88. The company has a debt-to-equity ratio of 12.78, a quick ratio of 0.79 and a current ratio of 0.79.

Insider Buying and Selling at Blackbaud

In other Blackbaud news, EVP David J. Benjamin sold 14,349 shares of Blackbaud stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total value of $681,147.03. Following the completion of the sale, the executive vice president owned 73,124 shares in the company, valued at $3,471,196.28. The trade was a 16.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin Mcdearis sold 15,462 shares of Blackbaud stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $46.43, for a total value of $717,900.66. Following the completion of the sale, the executive vice president owned 91,756 shares of the company’s stock, valued at $4,260,231.08. This trade represents a 14.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 39,801 shares of company stock worth $1,893,874 in the last 90 days. 1.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On Blackbaud

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Blackbaud by 1.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,434 shares of the technology company’s stock worth $1,454,000 after acquiring an additional 361 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Blackbaud by 293.1% during the 1st quarter. Jones Financial Companies Lllp now owns 7,701 shares of the technology company’s stock worth $478,000 after acquiring an additional 5,742 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Blackbaud by 26.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 229,244 shares of the technology company’s stock worth $14,225,000 after acquiring an additional 47,549 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Blackbaud by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 101,751 shares of the technology company’s stock worth $6,314,000 after acquiring an additional 4,178 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in Blackbaud by 886.2% during the 1st quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock worth $9,911,000 after acquiring an additional 143,533 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on BLKB. Raymond James Financial set a $60.00 price target on Blackbaud in a report on Tuesday, February 10th. Evercore set a $55.00 target price on Blackbaud in a report on Wednesday, February 11th. Zacks Research downgraded Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings downgraded Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, April 21st. Finally, Robert W. Baird set a $60.00 target price on Blackbaud in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $55.00.

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.