Blackbaud (NASDAQ:BLKB) Issues FY 2026 Earnings Guidance

Blackbaud (NASDAQ:BLKB) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.150-5.250 for the period, compared to the consensus estimate of 4.890. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

Wall Street Analysts Forecast Growth

BLKB has been the subject of several recent research reports. Zacks Research cut Blackbaud from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings cut Blackbaud from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, April 21st. Stifel Nicolaus dropped their price target on Blackbaud from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Tuesday. Raymond James Financial set a $60.00 target price on shares of Blackbaud in a research report on Tuesday, February 10th. Finally, Evercore set a $55.00 price objective on shares of Blackbaud in a research note on Wednesday, February 11th. One equities research analyst has 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $52.50.

Blackbaud Price Performance

Blackbaud stock traded down $1.86 during mid-day trading on Thursday, reaching $37.18. 559,017 shares of the company were exchanged, compared to its average volume of 530,695. The firm has a market cap of $1.72 billion, a PE ratio of 15.62, a PEG ratio of 1.28 and a beta of 1.18. The company has a debt-to-equity ratio of 12.78, a current ratio of 0.79 and a quick ratio of 0.79. The company has a fifty day simple moving average of $41.95 and a 200-day simple moving average of $52.99. Blackbaud has a 12 month low of $33.95 and a 12 month high of $74.88.

Blackbaud (NASDAQ:BLKB) last released its earnings results on Wednesday, April 29th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. The company had revenue of $281.14 million for the quarter, compared to analyst estimates of $279.33 million. Blackbaud had a return on equity of 175.57% and a net margin of 10.19%.Blackbaud’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. Blackbaud has set its FY 2026 guidance at 5.150-5.250 EPS. As a group, equities research analysts expect that Blackbaud will post 3.68 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Kevin P. Gregoire sold 2,000 shares of the company’s 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 owned 135,194 shares of the company’s stock, valued at approximately $6,762,403.88. This represents a 1.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David J. Benjamin sold 14,349 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total transaction of $681,147.03. Following the sale, the executive vice president owned 73,124 shares in the company, valued at $3,471,196.28. This represents a 16.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 39,801 shares of company stock worth $1,893,874. 1.97% of the stock is currently owned by corporate insiders.

Blackbaud News Summary

Here are the key news stories impacting Blackbaud this week:

• Positive Sentiment: Q1 results beat expectations: Blackbaud reported $1.14 EPS vs. $1.08 consensus and revenue of $281.1M vs. $279.3M, with revenue up ~4.2% year/year — a near-term proof point for growth. Blackbaud Announces 2026 First Quarter Results
• Positive Sentiment: Management issued upbeat FY‑2026 EPS guidance of $5.15–$5.25 (above consensus) and launched an “Agent For Good” agentic AI product; management framed AI as a tailwind — these items support the company’s growth narrative. Blackbaud Inc (BLKB) Q1 2026 Earnings Call Highlights
• Neutral Sentiment: Analyst coverage: Robert W. Baird upgraded BLKB from Neutral to Outperform and set a $50 PT (down from $60) — the upgrade is supportive but the lower PT tempers enthusiasm. Baird Upgrade
• Neutral Sentiment: Full materials available: earnings transcript, slide deck and presentation published (useful for parsing detail on renewals, churn and product adoption). Blackbaud, Inc. 2026 Q1 – Results – Earnings Call Presentation
• Negative Sentiment: Renewal risk flagged: analysts signaled that 2026 renewals are the “major test” — any softness in renewals or contract pricing could undermine forward growth and justify multiple compression. Blackbaud: 2026 Renewals Will Be The Major Test (Upgrade)
• Negative Sentiment: Stock technical/multiple pressure: despite the beat and raised guidance, BLKB’s shares are below the 50‑ and 200‑day moving averages and recent analyst PT moves and renewal concerns likely prompted profit‑taking. Blackbaud Q1 earnings snapshot and materials

Institutional Trading of Blackbaud

Several large investors have recently bought and sold shares of BLKB. AQR Capital Management LLC raised its stake in Blackbaud by 157.3% during the fourth quarter. AQR Capital Management LLC now owns 767,792 shares of the technology company’s stock worth $48,617,000 after acquiring an additional 469,391 shares in the last quarter. Shapiro Capital Management LLC grew its holdings in shares of Blackbaud by 248.3% during the 3rd quarter. Shapiro Capital Management LLC now owns 419,189 shares of the technology company’s stock valued at $26,958,000 after purchasing an additional 298,839 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Blackbaud by 886.2% during the 1st quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock valued at $9,911,000 after purchasing an additional 143,533 shares during the last quarter. Marshall Wace LLP lifted its stake in Blackbaud by 419.0% in the 3rd quarter. Marshall Wace LLP now owns 172,576 shares of the technology company’s stock valued at $11,098,000 after purchasing an additional 139,326 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in Blackbaud in the fourth quarter valued at approximately $6,430,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Blackbaud Company Profile

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.