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Blackbaud, Inc. - BLKB STOCK NEWS

Welcome to our dedicated page for Blackbaud news (Ticker: BLKB), a resource for investors and traders seeking the latest updates and insights on Blackbaud stock.

Blackbaud, Inc. (NASDAQ: BLKB) is a pioneering leader in providing cloud software designed to power social good. This innovative company serves a diverse range of sectors, including nonprofits, foundations, corporations, educational institutions, healthcare organizations, and individual change agents. Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has a global footprint with operations in the United States, Australia, Canada, and the United Kingdom.

Blackbaud's comprehensive portfolio includes solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. These tools are designed to enhance the impact and efficiency of organizations dedicated to social good. With over 40,000 customers spread across more than 100 countries, the company facilitates the donation of over $100 billion annually.

Recently, Blackbaud has achieved notable milestones. It continues its strategic partnership with the Association of Fundraising Professionals (AFP), sponsoring the AFP ICON conference and launching new AI capabilities for Blackbaud Raiser's Edge NXT®. Other recent news includes an unsolicited acquisition proposal from Clearlake Capital Group and the release of its first-quarter 2024 financial results, showcasing growth in revenue and profitability.

Blackbaud is also investing in technological advancements and partnerships. It recently invested $5 million in UBIQ Education to enhance digital experience ecosystems for K-12 schools. Moreover, Blackbaud's subsidiary, EVERFI, received certification for its Prescription Drug Safety program under the Every Student Succeeds Act (ESSA).

As a testament to its commitment to social impact, Blackbaud's 2023 Impact Report highlights significant progress in its environmental, social, and governance priorities. The company has been recognized on Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. Learn more about Blackbaud's solutions and impact at www.blackbaud.com.

News

Blackbaud Names Chris Lindner Chief Information Officer

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Blackbaud (BLKB) appoints Chris Lindner as Chief Information Officer to drive global IT infrastructure. Lindner brings 30 years of IT experience in financial services, SaaS, ecommerce, and supply chain industries. His role involves integrating corporate applications, leveraging data assets, and driving automation.
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Results of New Study Reveal the Importance of Multiple Financial Education Interventions

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The Year 2 findings of the three-year study on financial capability among adolescents reveal significant improvements in financial knowledge, self-efficacy, behaviors, and communication. The study by EVERFI from Blackbaud and the MassMutual Foundation shows that multiple interventions are more effective than standalone courses, with courses like Money Moves and Marketplaces leading to positive outcomes.
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PenFed Credit Union and EVERFI Host Fourth Financial Literacy Event at San Juan Public High School as Part of "Tu Dinero, Tu Sueño" Program

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PenFed Credit Union and EVERFI from Blackbaud collaborate to enhance financial literacy for over 4,000 students in Puerto Rico by offering a digital financial education curriculum. The recent interactive event at Escuela Superior Rafael Cordero Molina in San Juan aimed at empowering students to achieve their financial dreams. PenFed's strategic partnership with EVERFI has been instrumental in providing critical financial education to K-12 students across Puerto Rico.
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Blackbaud's Remote-First Workforce Approach Propels Company Culture and Success

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Blackbaud celebrates four years of remote work, highlighting employee satisfaction, access to global talent, and increased efficiency. Benefits include improved productivity, resilience during disruptions, and recognition from various organizations. Employees value flexibility and remote work options, leading to a successful remote-first model.
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Blackbaud Announces Termination of Stockholder Rights Plan

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Blackbaud (BLKB) terminates stockholder rights plan, deemed unnecessary by the Board.
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K-12 School Drives Digital Transformation with Blackbaud's Total School Solution

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Blackbaud's integrated technology boosts operational efficiencies and enhances student and alumni engagement at Ensworth School. The school leverages Blackbaud's K-12 education management portfolio, Total School Solution, and Raiser's Edge NXT for fundraising and financial management. The technology streamlines enrollment, tuition management, and alumni relationships, saving staff time and fostering collaboration.
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FutureSmart Financial Education Program from the MassMutual Foundation and EVERFI from Blackbaud Earns ESSA Evidence Badge

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MassMutual Foundation and EVERFI's FutureSmart program receives Level III certification for 'Promising Evidence' under ESSA, highlighting its positive impact on student financial capability.
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Blackbaud to Repurchase 7% to 10% of Outstanding Shares Under $500 Million Stock Repurchase Program

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Blackbaud (BLKB) initiates a $200 million Accelerated Share Repurchase Plan to repurchase 7% to 10% of its common stock by the end of 2024. The Company has entered into an ASR agreement with Bank of America, N.A. to repurchase $200 million of its common stock, reflecting confidence in its operating plan and significant market opportunities.
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Blackbaud Supports Crisis Text Line to Help Fund the Nonprofit's International Expansion

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Blackbaud (BLKB) announces a major gift to support Crisis Text Line, a nonprofit offering free, 24/7 text-based mental health support. The donation aims to expand services globally, focusing on Latin America and Australia. Crisis Text Line has facilitated over 12 million conversations and aims to reach more individuals in emotional distress.
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Multiple Blackbaud Products Recognized in 2024 TrustRadius Most Loved Awards

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Blackbaud (BLKB) wins 2024 Most Loved Award from TrustRadius for Raiser's Edge NXT and Financial Edge NXT, solidifying their position as trusted solutions in the nonprofit sector. The awards are based on customer reviews and satisfaction, highlighting the effectiveness of the software solutions in donor management and fund accounting.
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FAQ

What is the current stock price of Blackbaud (BLKB)?

The current stock price of Blackbaud (BLKB) is $81 as of November 15, 2024.

What is the market cap of Blackbaud (BLKB)?

The market cap of Blackbaud (BLKB) is approximately 4.1B.

What does Blackbaud, Inc. do?

Blackbaud provides cloud software solutions to power social good, including tools for fundraising, financial management, digital giving, grantmaking, and more.

Where is Blackbaud headquartered?

Blackbaud is headquartered in Charleston, South Carolina.

What are some recent achievements of Blackbaud?

Recent achievements include a strategic partnership with AFP, an acquisition proposal from Clearlake Capital Group, and the release of Q1 2024 financial results showing growth in revenue and profitability.

What markets does Blackbaud serve?

Blackbaud serves nonprofits, foundations, corporations, educational institutions, healthcare organizations, and individual change agents.

How does Blackbaud support K-12 education?

Blackbaud supports K-12 education through investments like its $5 million in UBIQ Education and solutions like the Blackbaud School Website System and UBIQ’s AMAIS platform.

What was the recent proposal from Clearlake Capital Group about?

Clearlake Capital Group proposed to acquire all outstanding shares of Blackbaud for $80.00 per share in cash.

How much in donations does Blackbaud enable annually?

Blackbaud enables more than $100 billion in donations annually.

What recognition has Blackbaud received?

Blackbaud has been recognized on Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers.

What is Blackbaud's commitment to social impact?

Blackbaud is committed to fueling impact and unleashing generosity through its software, environmental, social, and governance priorities, as highlighted in its 2023 Impact Report.

Where can I learn more about Blackbaud?

You can learn more about Blackbaud on their website at www.blackbaud.com.

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Blackbaud, Inc.

Nasdaq:BLKB

BLKB Rankings

#1414 Ranked by Market Cap
N/A Ranked by Dividends

BLKB Stock Data

4.14B
50.72M
1.94%
98.2%
1.19%
Software - Application
Services-prepackaged Software
Link
United States of America
CHARLESTON