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Blackbaud Inc(BLKB)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
2-STAR RATING
Consider higher Upturn Star rating
BUY for 16 days
PROFIT SINCE LAST BUY
+4.78% ▲
LAST CLOSE
$54.12
11/06/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for BLKB

11/06/2026: BLKB (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Blackbaud is a specialized software company providing cloud-based platforms to nonprofits, higher education, and social impact organizations. The company has a stable business model, with a high proportion of recurring subscription revenue and a leading position in the nonprofit software market. Its growth strategy centers on migrating legacy customers to its integrated cloud platforms and expanding into corporate social responsibility markets. Key risks include intense competition from horizontal CRM leaders and sensitivity to the cyclical nature of charitable funding. For investors, Blackbaud offers a stable, specialized SaaS profile that requires monitoring of organic growth rates and the success of its ongoing AI-driven product innovation.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitWhile the company has a stable recurring revenue model, its organic growth rates are often moderate compared to high-growth tech peers.
Momentum investorWeak fitThe stock often exhibits steady, long-term behavior rather than the rapid, volatile upward trends favored by momentum strategies.
Value investorMixed fitThe valuation is often tied to its SaaS metrics, which can appear expensive to traditional value investors looking for low P/E ratios.
Dividend investorWeak fitBlackbaud currently pays no dividends, making it unsuitable for income-focused portfolios.
Low-risk investorMixed fitThe company's subscription-based model provides stability, but tech-sector volatility remains a factor.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumAs a mid-cap software stock, it can experience fluctuations during broader market tech sector corrections.
Valuation riskMediumValuations are highly sensitive to market sentiment regarding SaaS multiples.
Competition risk (CRM/SaaS)Medium / highLarge horizontal competitors like Salesforce continue to target the nonprofit vertical.
Business qualityStrongThe company enjoys high retention rates and strong recurring revenue characteristics.
Dividend incomeLow / noneThere is no dividend income stream for shareholders.
Execution riskMediumSuccessful integration of acquired technologies remains critical to long-term profitability.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -17.95%
Avg. Invested days 26
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/06/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
BLKB receives a 4-star rating, supported by strong unit economics, and solid company fundamentals. The rating is constrained by weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
BLKB has solid overall fundamentals (4 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+138.4%) and strong cash generation (FCF margin 22.8%) are partially offset by slightly negative revenue growth (-2.3%), modest insider ownership of 1.96%.

Financial Health Rating

★★★★★
BLKB's financial health is supported by solid cash strength, including free-cash-flow generation (22.8% of revenue). Liquidity is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is BLKB's strongest growth driver at +138.4% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (-2.3%, slightly negative) and free-cash-flow growth (-10.7%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 111.5% and approximately 74.4% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.96% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Clearlake Capital Group LP 21.68%
BlackRock Inc 13.30%
Morgan Stanley - Brokerage Accounts 10.90%
Vanguard Portfolio Management, LLC 7.00%
Vanguard Capital Management, LLC 4.31%

Unit Economics (Per $1K Revenue)

★★★★★
BLKB generates approximately $588 of gross profit, $169 of operating income, and $228 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Solid margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 12.76%

Quantitative Style Profile

★★★★★
BLKB has a high-quality, liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltSmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.51B USD
Price to earnings Ratio 17.06
1Y Target Price 56.25
Price to earnings Ratio 17.06
1Y Target Price 56.25
Volume (30-day avg) 454.8K shares
Beta 1.03
52 Weeks Range 25.58 - 64.84
Updated Date 11/06/2026
52 Weeks Range 25.58 - 64.84
Updated Date 11/06/2026
Dividends yield (FY) -
Basic EPS (TTM) 3.27

How Company Makes Money

Business areaWhat it includesRetail investor read
Subscription ServicesRecurring revenue from cloud-based software modules like Raiser's Edge NXT and Financial Edge NXT.This is the core, stable engine of the business, providing predictable revenue streams.
Services and OtherProfessional services, implementation, training, and transaction-based payment processing fees.These revenues supplement the subscription model and deepen client platform adoption.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2026-10-28
When Before Market
Estimate 0.93
Actual 1.14

Profitability

Profit Margin 12.87%
Operating Margin (TTM) 21.2%

Management Effectiveness

Return on Assets (TTM) 6.3%
Return on Equity (TTM) 131.11%

Valuation

Trailing PE 17.06
Forward PE 10.03
Enterprise Value 3.53B
Price to Sales(TTM) 2.16
Enterprise Value 3.53B
Price to Sales(TTM) 2.16
Enterprise Value to Revenue 3.04
Enterprise Value to EBITDA 10.82
Shares Outstanding 44.98M
Shares Floating 33.48M
Shares Outstanding 44.98M
Shares Floating 33.48M
Percent Insiders 1.96
Percent Institutions 111.46

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.